Southeast Neighborhood Development Inc (EIN 351557200) - 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

1983

Legal Domicile

Phone

3176345079

Tax Period

2024-01-01 to 2024-12-31

Southeast Neighborhood Development Inc, founded in 1983, is a community nonprofit in the Community Improvement sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $3.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

Serving Southeast Indianapolis with Community Building, Economic Development, and Affordable Housing programs and services.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,259,346

Program Service Revenue $683,539

Investment Income $82,964

Other Revenue $32,998

TOTAL REVENUE $3,058,847

Expense Breakdown

Grants Paid $2,145,840

Salaries & Benefits $512,847

Fundraising Expenses $25,033

Program Expenses $3,105,925

Other Expenses $780,219

TOTAL EXPENSES $3,438,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,058,847	$3,379,879	-0.1%
Expenses	$3,438,906	$3,695,739	-0.1%
Net Income	$-380,059	$-315,860	+0.2%

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

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

$106,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Dickerson	Immediate Past Chair	0.5	Officer Director	$0	$0	$0
Daniel Cruse	Treasurer	0.5	Officer Director	$0	$0	$0
Emily Vanest	Immediate Past Chair (part year)	0.5	Officer Director	$0	$0	$0
Jessica Darling	Vice Chair	0.5	Officer Director	$0	$0	$0
Pastor David Bacon	Chairman	0.5	Officer Director	$0	$0	$0
S Taylor Hughes	At-Large (part year)	0.5	Officer Director	$0	$0	$0
Sarah Savage	Secretary	0.5	Officer Director	$0	$0	$0
Andy Kocher	Director	0.5	Director	$0	$0	$0
Brenda Mcatee	Director	0.5	Director	$0	$0	$0
Catherine Esselman	Director (part year)	0.5	Director	$0	$0	$0
David Dalton	Director	0.5	Director	$0	$0	$0
Kenya McMillin	Director	0.5	Director	$0	$0	$0
Mike Mulcahy	Director	0.5	Director	$0	$0	$0
Peggy Frame	Director	0.5	Director	$0	$0	$0
Ralph Adams	Director	0.5	Director	$0	$0	$0
Tim Ramsey	Director	0.5	Director	$0	$0	$0
Kelli Mirgeaux	President	40.0	Officer	$106,359	$67	$106,426

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	$3,058,847	$3,438,906	$4,494,260	$-380,059
2023	$3,379,879	$3,695,739	$5,065,003	$-315,860
2022	$2,499,585	$2,442,621	$5,605,825	$56,964
2021	$1,016,697	$972,503	$5,233,256	$44,194
2020	$651,352	$718,292	$5,281,462	$-66,940
2019	$513,923	$848,513	$5,451,607	$-334,590
2018	$316,837	$729,534	$5,830,581	$-412,697

Southeast Neighborhood Development Inc