Indianapolis Private Industry Council (EIN 351569069) - 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

Phone

3176394441

Tax Period

2023-07-01 to 2024-06-30

Indianapolis Private Industry Council, founded in 1982, is a mid-sized nonprofit in the Employment sector that reported $26.2M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

THE INDIANAPOLIS PRIVATE INDUSTRY COUNCIL IS A NOT-FOR-PROFIT CORPORATION RESPONSIBLE FOR DEVELOPMENT OF THE MARION COUNTY, INDIANA WORKFORCE.

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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 $26,188,709

Program Service Revenue $0

Investment Income $36,449

Other Revenue $0

TOTAL REVENUE $26,225,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,538,477

Fundraising Expenses $6,639

Program Expenses $22,558,085

Other Expenses $19,292,822

TOTAL EXPENSES $26,831,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,225,158	$19,729,150	+0.3%
Expenses	$26,831,299	$23,010,078	+0.2%
Net Income	$-606,141	$-3,280,928	-0.8%

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

102

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

$883,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA SMITH JONES	CHAIRPERSON	1.0	Officer Director	$0	$0	$0
BETH ROVAZZINI	VICE CHAIRPERSON	1.0	Officer Director	$0	$0	$0
JANET ST PETERS	SECRETARY	1.0	Officer Director	$0	$0	$0
MATT RUST	TREASURER	1.0	Officer Director	$0	$0	$0
AMAN BRAR	DIRECTOR	1.0	Director	$0	$0	$0
BETSY DELGADO	DIRECTOR	1.0	Director	$0	$0	$0
DEVON DOSS	DIRECTOR	1.0	Director	$0	$0	$0
DIONNE BANKS	DIRECTOR	1.0	Director	$0	$0	$0
DON BOUGH	DIRECTOR	1.0	Director	$0	$0	$0
DRUE ANDERSON	DIRECTOR	1.0	Director	$0	$0	$0
ELAINE CHANEY	DIRECTOR	1.0	Director	$0	$0	$0
GARTHA INGRAM	DIRECTOR	1.0	Director	$0	$0	$0
GEORGIANA REYNAL	DIRECTOR	1.0	Director	$0	$0	$0
GINA ASHLEY	DIRECTOR	1.0	Director	$0	$0	$0
JEROME STANFORD	DIRECTOR	1.0	Director	$0	$0	$0
JONATHAN KRAESZIG	DIRECTOR	1.0	Director	$0	$0	$0
KELLI JONES	DIRECTOR	1.0	Director	$0	$0	$0
MACKENZIE HIGGINS	DIRECTOR	1.0	Director	$0	$0	$0
MOLLY DODGE	DIRECTOR	1.0	Director	$0	$0	$0
NATALIE REUTER	DIRECTOR	1.0	Director	$0	$0	$0
RACHEL FAULKNER PEREZ	DIRECTOR	1.0	Director	$0	$0	$0
REGINALD MCGREGOR	DIRECTOR	1.0	Director	$0	$0	$0
SARAH CURRIER	DIRECTOR	1.0	Director	$0	$0	$0
TWANA ELLIS	DIRECTOR	1.0	Director	$0	$0	$0
Betsy Davis	Senior Vice President, Career Connected Learning	40.0	Officer	$111,218	$13,737	$124,955
CHELSEA MELDRUM	DEVELOPMENT AND EXTERNAL AFFAIRS OFFICER	40.0	Officer	$137,216	$14,017	$151,233
Jay Styles	Senior Vice President, Partnerships & Talent Connection	40.0	Officer	$109,345	$9,937	$119,282
KEN CLARK	EXECUTIVE VICE PRESIDENT, FINANCE & OPERATIONS (Beg 7/23)	40.0	Officer	$80,686	$2,424	$83,110
MARIE MACKINTOSH	President/CEO	40.0	Officer	$233,269	$20,995	$254,264
RODNEY FRANCIS	EXECUTIVE VICE PRESIDENT	40.0	Officer	$138,506	$12,548	$151,054
Dionne Smith	Vice President, Neighborhood	40.0	Highest	$101,877	$13,072	$114,949
Kristen Barry	Vice President, Research and Strategy	40.0	Highest	$101,497	$11,016	$112,513
Penny Dunning	Vice President, Career Services	40.0	Highest	$107,671	$10,818	$118,489

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
2025	No data	No data	No data	No data
2024	$26,225,158	$26,831,299	$11,612,669	$-606,141
2023	$19,729,150	$23,010,078	$13,175,572	$-3,280,928
2022	$27,354,092	$21,811,425	$12,926,425	$5,542,667
2020	$15,248,899	$14,856,936	$7,195,768	$391,963
2019	$14,128,058	$14,322,164	$7,145,431	$-194,106
2018	$21,247,276	$17,028,669	$6,954,751	$4,218,607

Indianapolis Private Industry Council