RICHARD SAPP MEMORIAL TRUST OF BUILDERS ASSOCIATION OF GREATER INDIANAPOLIS (EIN 351777350) - 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

2019

Legal Domicile

Principal Officer

CHRIS HANCOCK

Phone

3172366330

Tax Period

2024-07-01 to 2025-06-30

RICHARD SAPP MEMORIAL TRUST OF BUILDERS ASSOCIATION OF GREATER INDIANAPOLIS, founded in 2019, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue surged 749% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 93% operating margin.

Mission

TO AWARD ANNUAL SCHOLARSHIPS TO SELECTED STUDENTS ENROLLED IN CONSTRUCTION TECHNOLOGY PROGRAM OR A RELATED CONSTRUCTION FIELD AT ANY COLLEGE UNIVERSITY

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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 $213,550

Program Service Revenue $0

Investment Income $9,350

Other Revenue $18,802

TOTAL REVENUE $241,702

Expense Breakdown

Grants Paid $15,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,500

Other Expenses $2,034

TOTAL EXPENSES $17,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,702	$28,481	+7.5%
Expenses	$17,534	$20,000	-0.1%
Net Income	$224,168	$8,481	+25.4%

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

$47,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HANCOCK	SCHOLARSHIP TRUSTEE	1.00	Director	$0	$0	$47,596
PATRICK GRAY	SCHOLARSHIP TRUSTEE	1.00	Director	$0	$0	$0
TATUM HILL	SCHOLARSHIP TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN RECTOR	SCHOLARSHIP TRUSTEE	1.00	Director	$0	$0	$0
DOUG ELMORE	SCHOLARSHIP TRUSTEE	1.00	Director	$0	$0	$0
ALAN GOLDSTICKER	SCHOLARSHIP TRUSTEE	1.00	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	$241,702	$17,534	$708,645	$224,168
2021	$97,035	$16,950	$421,158	$80,085

RICHARD SAPP MEMORIAL TRUST OF BUILDERS ASSOCIATION OF GREATER INDIANAPOLIS