FRIENDS OF THE WHITE RIVER INC

EIN: 351658122 501(c)(3) Environment

Indianapolis, IN

Total Revenue
$176,679
Total Expenses
$200,808
Total Assets
$177,785
Net Assets
$177,500
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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
1985
Legal Domicile
IN
Principal Officer
Lisa Milton
Phone
3177012979
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF THE WHITE RIVER INC, founded in 1985, is a small nonprofit in the Environment sector that reported $177K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $201K exceeded revenue, resulting in a 14% operating deficit.

Mission

The Friends of the White River exists to protect, preserve, and promote our vital resource for communities in Central Indiana by connecting people to the White River.

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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 (2025)

Revenue Breakdown

Contributions & Grants $102,275
Program Service Revenue $66,483
Investment Income $8,060
Other Revenue $-139
TOTAL REVENUE $176,679

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,346
Fundraising Expenses $26,397
Program Expenses $139,268
Other Expenses $58,462
TOTAL EXPENSES $200,808

Year-over-Year Comparison

2025 2024 Change
Revenue $176,679 $311,237 -0.4%
Expenses $200,808 $307,934 -0.3%
Net Income $-24,129 $3,303 -8.3%
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
10
Independent Members
10
Employees
6
Volunteers
520

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
5
$0
Total Directors
10
$0
Key Employees
2
$83,922
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eddie Gill Executice Director, Feb-Dec 2025 35
Key Emp
$74,788 $0 $74,788
Scott Salmon Executive Director, Jan 2025 35
Key Emp
$9,134 $0 $9,134
Heather Barnes Director 5
Director
$0 $0 $0
Jenny Cash Director 5
Director
$0 $0 $0
Chris Corr Director 5
Director
$0 $0 $0
Andrea Drygas Director 5
Director
$0 $0 $0
Alec Gray Director 5
Director
$0 $0 $0
Andrew Lang Director 10
Director
$0 $0 $0
Jonathan Smith Director 5
Director
$0 $0 $0
Rachel Treloar Director 5
Director
$0 $0 $0
Daniel Woody Director 10
Director
$0 $0 $0
Elizabeth Zauber Director 5
Director
$0 $0 $0
Keith Cruz President 10
Officer
$0 $0 $0
Lisa Milton Vice President 10
Officer
$0 $0 $0
Cathy Hurt Treasurer 10
Officer
$0 $0 $0
Jason DeArman Secretary 10
Officer
$0 $0 $0
Andrew Churchill Assistant Treasurer 10
Officer
$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 $176,679 $200,808 $177,785 $-24,129
2024 $311,237 $307,934 $204,181 $3,303
2023 $301,798 $229,123 $198,323 $72,675
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