NORTHWEST INDIANA FORUM FOUNDATION INC (EIN 351532360) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

HEATHER ENNIS

Phone

2197636303

Tax Period

2023-01-01 to 2023-12-31

NORTHWEST INDIANA FORUM FOUNDATION INC, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 2385% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT, THE IMPROVEMENT OF THE QUALITY OF LIFE IN HARMONY WITH THE ENVIRONMENT, AND A POSITIVE IMAGE FOR NORTHWEST INDIANA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,066,464

Program Service Revenue $0

Investment Income $267

Other Revenue $0

TOTAL REVENUE $7,066,731

Expense Breakdown

Grants Paid $7,018,840

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,060,799

Other Expenses $41,959

TOTAL EXPENSES $7,060,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,066,731	$284,416	+23.8%
Expenses	$7,060,799	$436,323	+15.2%
Net Income	$5,932	$-151,907	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$175,271

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL BAKER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HITTINGER	CHAIR	2.00	Officer Director	$0	$0	$0
DEWEY PEARMAN	DIRECTOR	2.00	Director	$0	$0	$0
ERICA DOMBEY	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
HELEN PENNINGTON	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JAMES JORGENSEN	DIRECTOR	2.00	Director	$0	$0	$0
LISA DAUGHERTY	DIRECTOR	2.00	Director	$0	$0	$0
TONY OSS	PAST CHAIR	2.00	Officer Director	$0	$0	$0
GREG GORDON	DIRECTOR	2.00	Director	$0	$0	$0
NATALIE SKARO	DIRECTOR	2.00	Director	$0	$0	$0
BETH JACOBSON	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER ENNIS	PRESIDENT	40.00	Officer	$156,090	$19,181	$175,271

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$7,066,731	$7,060,799	$217,816	$5,932
2022	$284,416	$436,323	$54,033	$-151,907
2021	$119,718	No data	$621,761	No data
2020	$153,250	$1,860	$502,043	$151,390

NORTHWEST INDIANA FORUM FOUNDATION INC