INDIANA STATE FESTIVALS ASSOCIATIO… - Form 990 Financial Data

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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

1984

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

INDIANA STATE FESTIVALS ASSOCIATION INC, founded in 1984, is a small nonprofit that reported $440K in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND SUPPORT FESTIVALS IN THE STATE OF INDIANA

Program Service Accomplishments

Program 1

Expenses: $336,399

TO PROMOTE AND SUPPORT FESTIVALS IN 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 (2023)

Revenue Breakdown

Contributions & Grants $439,333

Program Service Revenue $0

Investment Income $540

Other Revenue $0

TOTAL REVENUE $439,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,399

Other Expenses $105,783

TOTAL EXPENSES $442,182

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,873	$461,133	0.0%
Expenses	$442,182	$397,636	+0.1%
Net Income	$-2,309	$63,497	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANNA SENTER	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER BECERRA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KESTERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEN KOSKY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA DECKARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BENSON	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
BEV VANDERPOOL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NICHTER	DIRECTOR	1.00	Director	$0	$0	$0
LEE ANN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA MCCLARY	DIRECTOR	1.00	Director	$0	$0	$0
KIM STEVENS	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDA ALEXANDER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BERNADETTE MANUEL	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
CHERYL HAMILTON	HISTORIAN	1.00	Officer Director	$0	$0	$0
NANCY ALLDREDGE	SECRETARY	1.00	Officer Director	$0	$0	$0
GALE GERBER	TREASURER	1.00	Officer Director	$0	$0	$0
JOSH REICHART	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LARRY HARDMAN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT TRUE	PRESIDENT	1.00	Officer 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	No data	No data	No data	No data
2023	$439,873	$442,182	$161,873	$-2,309
2022	$461,133	$397,636	$164,182	$63,497
2021	$316,995	$345,943	$100,685	$-28,948
2020	$377,331	$363,683	$172,074	$13,648
2019	$433,452	$356,682	$158,426	$76,770
2018	$407,733	$396,701	$81,656	$11,032

INDIANA STATE FESTIVALS ASSOCIATION INC