INDIANA STUDENT FINANCIAL AID ASSO… - 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

1980

Legal Domicile

Principal Officer

CASEY TRELA

Phone

8124540803

Tax Period

2025-01-01 to 2025-12-31

INDIANA STUDENT FINANCIAL AID ASSOCIATION INC, founded in 1980, is a small nonprofit that reported $159K in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $409K represent 31 months of operating reserves.

Mission

TO PROVIDE OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, GROWTH AND TRAINING OF COLLEGE FINANCIAL AID ADMINISTRATORS.

Program Service Accomplishments

Program 1

PROVIDED INFORMATION AND INSTRUCTION TO HIGH SCHOOL COUNSELORS REGARDING THE FINANCIAL AID AVAILABLE AND HOW TO APPLY FOR THE AID THROUGH THE WINTER CONFERENCE AND INDIVIDUAL QUESTIONS ANSWERED...

PROVIDED INFORMATION AND INSTRUCTION TO HIGH SCHOOL COUNSELORS REGARDING THE FINANCIAL AID AVAILABLE AND HOW TO APPLY FOR THE AID THROUGH THE WINTER CONFERENCE AND INDIVIDUAL QUESTIONS ANSWERED DURING THE YEAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $156,892

Program Service Revenue $0

Investment Income $2,606

Other Revenue $0

TOTAL REVENUE $159,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,950

Other Expenses $174,435

TOTAL EXPENSES $174,435

Year-over-Year Comparison

	2025	2024	Change
Revenue	$159,498	$139,659	+0.1%
Expenses	$174,435	$151,020	+0.2%
Net Income	$-14,937	$-11,361	+0.3%

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

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
RON HERRELL	IMMEDIATE PAST PRESIDENT	5.0	Director	$0	$0	$0
NATHAN LOHR	IMMEDIATE PAST TREASURER	5.0	Director	$0	$0	$0
CHARLETTE SAUNDERS	DELAGATE AT LARGE	5.0	Director	$0	$0	$0
COLBY SHANK	PRESIDENT	10.0	Officer Director	$0	$0	$0
AMANDA FISHMAN	TREASURER ELECT	5.0	Director	$0	$0	$0
CASEY TRELA	TREASURER	10.0	Officer Director	$0	$0	$0
SARA LAMBIE	DELEGATE AT LARGE	5.0	Director	$0	$0	$0
KELLY MCGUIRE	DELAGATE AT LARGE	5.0	Director	$0	$0	$0
MEGAN WATSON	VICE PRESIDENT	5.0	Director	$0	$0	$0
AMBER PHILLIPS	SECRETARY	10.0	Officer Director	$0	$0	$0
LAUREN GREIDER	PRESIDENT ELECT	5.0	Officer Director	$0	$0	$0
CALEB FENDRICH	VICE PRESIDENT	5.0	Director	$0	$0	$0
DEB GOSSMAN	VICE PRESIDENT	5.0	Director	$0	$0	$0
SARAH SOPER	VICE PRESIDENT	5.0	Director	$0	$0	$0
MONIQUE WARE	VICE PRESIDENT	5.0	Director	$0	$0	$0
LES CINTRON	VICE PRESIDENT	5.0	Director	$0	$0	$0
MARALEE CLAYTON	COORDINATOR	5.0	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
2025	$159,498	$174,435	$408,586	$-14,937
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

INDIANA STUDENT FINANCIAL AID ASSOCIATION INC