The Villages of Indiana Inc (EIN 351708240) - 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

Phone

8123321245

Tax Period

2024-01-01 to 2024-12-31

The Villages of Indiana Inc, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $30.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $29.0M left a modest 4% surplus.

Mission

THE VILLAGES' MISSION IS TO CHAMPION EVERY CHILD'S RIGHT TO A SAFE, PERMANENT, AND NURTURING HOME. THE VILLAGES IS COMMITTED TO STRENGTHENING ALL FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,219,594

Program Service Revenue $26,952,047

Investment Income $110,549

Other Revenue $0

TOTAL REVENUE $30,282,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,516,309

Fundraising Expenses $442,387

Program Expenses $25,654,012

Other Expenses $9,515,918

TOTAL EXPENSES $29,032,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,282,190	$27,298,966	+0.1%
Expenses	$29,032,227	$25,945,185	+0.1%
Net Income	$1,249,963	$1,353,781	-0.1%

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

358

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

$505,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kye Hawkins	Secretary	1.0	Officer Director	$0	$0	$0
Matt Dunn	Chair	1.0	Officer Director	$0	$0	$0
Michael North	Treasurer	1.0	Officer Director	$0	$0	$0
Robert Greising	Vice Chair	1.0	Officer Director	$0	$0	$0
Claudia Palmer	Board Member	1.0	Director	$0	$0	$0
Daniel Phair	Board member	1.0	Director	$0	$0	$0
David Barrett	Board member	1.0	Director	$0	$0	$0
David McAvoy	Board member	1.0	Director	$0	$0	$0
Demetrees Hutchins	Board member	1.0	Director	$0	$0	$0
Denise Herd	Board member	1.0	Director	$0	$0	$0
Justine Overturf-Singh	Board member	1.0	Director	$0	$0	$0
Kelly Capone	Board member	1.0	Director	$0	$0	$0
Lindsay Weaver	Board Member	1.0	Director	$0	$0	$0
Matt Hook	Board member	1.0	Director	$0	$0	$0
Melissa Steever	Board Member	1.0	Director	$0	$0	$0
Michael Lake	Board member	1.0	Director	$0	$0	$0
Rachana Fischer	Board member	1.0	Director	$0	$0	$0
Rhonda Yoder Breman	Board member	1.0	Director	$0	$0	$0
Ryan Davis	Board member	1.0	Director	$0	$0	$0
Steve Smitherman	Board member	1.0	Director	$0	$0	$0
Steve York	Board member	1.0	Director	$0	$0	$0
Suzanne Hanchar	Board member	1.0	Director	$0	$0	$0
Todd Louden	Board member	1.0	Director	$0	$0	$0
Aaron Atwell	Chief Financial Officer	40.0	Officer	$57,699	$2,763	$60,462
Brenda Chapin	Chief Operating Officer	40.0	Officer	$167,709	$28,301	$196,010
Shannon Schumacher	President & CEO	40.0	Officer	$228,316	$20,842	$249,158
Kelly Cody	Senior Regional Lead Director	40.0	Highest	$128,432	$31,254	$159,686
Nancy Gwin	VP of Programs	40.0	Highest	$128,968	$17,180	$146,148
Pamela Knight	Senior Regional Director	40.0	Highest	$114,230	$16,323	$130,553
Patrick Hunnicutt	Senior Regional Director	40.0	Highest	$114,109	$16,303	$130,412
Sarah Cline	VP of Development	40.0	Highest	$114,911	$20,906	$135,817

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	$30,282,190	$29,032,227	$10,631,646	$1,249,963
2023	$27,298,966	$25,945,185	$8,618,965	$1,353,781
2022	$24,963,976	$25,068,002	$7,218,111	$-104,026
2021	$29,918,682	$27,015,339	$7,944,114	$2,903,343
2020	$24,898,283	$25,563,712	$7,485,801	$-665,429
2019	$24,820,367	$25,676,828	$4,855,454	$-856,461
2018	$24,909,488	$24,998,143	$5,738,266	$-88,655

The Villages of Indiana Inc