INDIANA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC (EIN 351695379) - 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

1987

Legal Domicile

Principal Officer

STEVEN MEYER

Phone

3172221221

Tax Period

2023-01-01 to 2023-12-31

INDIANA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $703K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $787K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION BUILDS A BETTER FUTURE FOR OUR COMMUNITIES BY PROVIDING ADVOCACY, LEVERAGING RESOURCES, AND ENGAGING AN EMPOWERED NETWORK OF MEMBERS TO CREATE INCLUSIVE OPPORTUNITIES THAT BUILD ASSETS AND IMPROVE LIVES.

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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 $436,070

Program Service Revenue $157,179

Investment Income $18,020

Other Revenue $92,136

TOTAL REVENUE $703,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,757

Fundraising Expenses $10,871

Program Expenses $490,451

Other Expenses $247,807

TOTAL EXPENSES $786,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$703,405	$830,837	-0.2%
Expenses	$786,564	$845,748	-0.1%
Net Income	$-83,159	$-14,911	+4.6%

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

Volunteers

N/A

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

$63,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN MEYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALYSSA PRINCE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARK LINDENLAUB	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH BROADNAX	SECRETARY	1.00	Officer Director	$0	$0	$0
AMANDULA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BARKER	DIRECTOR	1.00	Director	$0	$0	$0
REV ADRIAN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BUINICKI	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA BYERS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CARMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS CECIL	DIRECTOR	1.00	Director	$0	$0	$0
ROSIE LEVYA	DIRECTOR	1.00	Director	$0	$0	$0
MARIE MORSE	DIRECTOR	1.00	Director	$0	$0	$0
AMY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNA SCHOON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
DEANDRE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ASPEN CLEMONS	EXECUTIVE DI	40.00	Officer	$63,025	$0	$63,025

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	$703,405	$786,564	$622,333	$-83,159
2022	$830,837	$845,748	$770,535	$-14,911
2021	$809,124	$669,764	$693,725	$139,360
2020	$709,016	$683,687	$535,153	$25,329
2019	$694,944	$865,207	$566,136	$-170,263
2018	$692,680	$748,901	$690,071	$-56,221

INDIANA ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC