INDIANA ECONOMIC DEVELOPMENT ASSOCIATION INC (EIN 351561269) - 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

1982

Legal Domicile

Principal Officer

JILL EWING

Phone

3174547013

Tax Period

2024-01-01 to 2024-12-31

INDIANA ECONOMIC DEVELOPMENT ASSOCIATION INC, founded in 1982, is a small nonprofit that reported $405K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $373K left a modest 8% surplus.

Mission

TO PROMOTE AND IMPROVE THE QUALITY OF ECONOMIC DEVELOPMENT THROUGHOUT THE STATE OF 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 (2024)

Revenue Breakdown

Contributions & Grants $252,635

Program Service Revenue $149,993

Investment Income $30

Other Revenue $2,519

TOTAL REVENUE $405,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $373,476

TOTAL EXPENSES $373,476

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,177	$370,084	+0.1%
Expenses	$373,476	$378,560	0.0%
Net Income	$31,701	$-8,476	-4.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL EWING	CHIEF OPERATING OFFICER	10.00	Officer	$0	$0	$0
ERIN SCHNEIDER	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMY SOWDERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER PEARL	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT ECKERLE	TREASURER	1.00	Officer Director	$0	$0	$0
VALERIE SHAFFER	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
KIM ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
COLTON BICKEL	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN BRACKEMYRE	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR FRIEDEBERG	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY HARTLEY	DIRECTOR	1.00	Director	$0	$0	$0
BROCK HERR	DIRECTOR	1.00	Director	$0	$0	$0
DEVIN HILLSDON-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LAUNIUS	DIRECTOR	1.00	Director	$0	$0	$0
ISACC LEE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PERLEBERG	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA POTTS	DIRECTOR	1.00	Director	$0	$0	$0

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	$405,177	$373,476	$262,404	$31,701
2023	$370,084	$378,560	$203,760	$-8,476
2022	$366,364	$402,011	$182,417	$-35,647
2021	$330,277	$283,539	$240,859	$46,738
2020	$245,760	$271,039	$137,326	$-25,279
2019	$332,256	$348,950	$203,037	$-16,694
2018	$408,744	$441,114	$216,641	$-32,370

INDIANA ECONOMIC DEVELOPMENT ASSOCIATION INC