INDIANA STUDENT FINANCIAL AID ASSOCIATION INC

EIN: 351597706 501(c)(3)

Indianapolis, IN

Total Revenue
$139,659
Total Expenses
$151,020
Total Assets
$417,276
Net Assets
$418,101
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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
1980
Legal Domicile
IN
Principal Officer
COLBY SHANK
Phone
3173852941
Tax Period
2024-01-01 to 2024-12-31

INDIANA STUDENT FINANCIAL AID ASSOCIATION INC, founded in 1980, is a small nonprofit that reported $140K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $418K represent 36 months of operating reserves.

Mission

TO PROVIDE HIGH SCHOOL COUNSELORS WITH TOOLS AND SUPPORT TRAINING TO ASSIST FAMILIES OF STUDENTS APPLYING FOR COLLEGE FINANCIAL AID.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $139,007
Program Service Revenue $0
Investment Income $17
Other Revenue $635
TOTAL REVENUE $139,659

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $62,990
Other Expenses $151,020
TOTAL EXPENSES $151,020

Year-over-Year Comparison

2024 2023 Change
Revenue $139,659 $117,019 +0.2%
Expenses $151,020 $79,462 +0.9%
Net Income $-11,361 $37,557 -1.3%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
90

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
7
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
N/A PAST TREASURER 5.00
Officer Director
$0 $0 $0
N/A DELAGATE AT LARGE 5.00
Director
$0 $0 $0
N/A PRESIDENT 10.00
Officer Director
$0 $0 $0
N/A TREASURER ELECT 5.00
Officer Director
$0 $0 $0
N/A TREASURER 10.00
Officer Director
$0 $0 $0
N/A DELEGATE AT LARGE 5.00
Director
$0 $0 $0
N/A DELAGATE AT LARGE 5.00
Director
$0 $0 $0
N/A VICE PRESIDENT 5.00
Director
$0 $0 $0
N/A SECRETARY 10.00
Officer Director
$0 $0 $0
N/A PRESIDENT ELECT 5.00
Officer Director
$0 $0 $0
N/A VICE PRESIDENT 5.00
Director
$0 $0 $0
N/A VICE PRESIDENT 5.00
Director
$0 $0 $0
N/A VICE PRESIDENT 5.00
Director
$0 $0 $0
N/A VICE PRESIDENT 5.00
Director
$0 $0 $0
N/A VICE PRESIDENT 5.00
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 $139,659 $151,020 $417,276 $-11,361
2023 $117,019 $79,462 $388,736 $37,557
2022 $84,806 $120,039 $351,179 $-35,233
2021 $92,889 $75,596 $385,852 $17,293
2020 $103,993 $66,042 $364,711 $37,951
2019 $113,168 $87,979 $135,029 $25,189
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