THE INDIANAPOLIS CITY MARKET CORPORATION

EIN: 351766008 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$921,835
Total Expenses
$1,075,230
Total Assets
$442,130
Net Assets
$426,839
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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
1988
Legal Domicile
IN
Principal Officer
GREG HENNEKE
Phone
3176349266
Tax Period
2023-01-01 to 2023-12-31

THE INDIANAPOLIS CITY MARKET CORPORATION, founded in 1988, is a small nonprofit that reported $922K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

ACTIVITIES RELATED TO THE OPERATING AND RESTORATION OF THE HISTORIC CITY MARKET, AS WELL AS THE PRESERVATION OF THE HISTORIC ARCHITECTURAL CHARACTER OF THE CORE OF THE CITY OF INDIANAPOLIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $576,433
Program Service Revenue $314,685
Investment Income $3,708
Other Revenue $27,009
TOTAL REVENUE $921,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,723
Fundraising Expenses $8,050
Program Expenses $211,297
Other Expenses $881,507
TOTAL EXPENSES $1,075,230

Year-over-Year Comparison

2023 2022 Change
Revenue $921,835 $1,125,810 -0.2%
Expenses $1,075,230 $1,164,403 -0.1%
Net Income $-153,395 $-38,593 +3.0%
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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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
5

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
3
$0
Total Directors
12
$93,813
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARNEY LEVENGOOD BOARD MEMBER 2.00
Director
$0 $0 $0
ABIGAIL HANSON BOARD MEMBER 2.00
Director
$0 $0 $0
ERICA WILLIAMS BOARD MEMBER 2.00
Director
$0 $0 $0
GREG HENNEKE PRESIDENT 2.00
Officer Director
$0 $0 $0
KATE SWEENEY BELL BOARD MEMBER 2.00
Director
$0 $0 $0
KATIE MEARES VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
ANDREA NEELY BOARD MEMBER 2.00
Director
$0 $0 $0
LAWRENCE MCCORMACK BOARD MEMBER 2.00
Director
$0 $0 $0
LOURENZO GIPLE BOARD MEMBER 2.00
Director
$0 $0 $0
NORA SPITZNOGLE SECRETARY 2.00
Officer Director
$0 $0 $0
CRAIG MINCE BOARD MEMBER 2.00
Director
$0 $0 $0
KESIHA HARRISON EXECUTIVE DIRECTOR 40.00
Director
$93,813 $0 $93,813
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 $921,835 $1,075,230 $442,130 $-153,395
2022 $1,125,810 $1,164,403 $595,013 $-38,593
2021 $1,332,178 $931,197 $625,647 $400,981
2020 $931,029 $939,867 $683,911 $-8,838
2019 $955,540 $1,056,948 $657,973 $-101,408
2018 $965,785 $1,009,513 $758,833 $-43,728
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