Southwest Indiana Development Council Inc (EIN 351788866) - 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

8125478377

Tax Period

2024-01-01 to 2024-12-31

Southwest Indiana Development Council Inc, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 6% surplus.

Mission

Promote economic development in region

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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 $2,363,950

Program Service Revenue $11,750

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,375,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,234,162

Other Expenses $2,234,162

TOTAL EXPENSES $2,234,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,375,700	$1,595,283	+0.5%
Expenses	$2,234,162	$1,654,287	+0.4%
Net Income	$141,538	$-59,004	-3.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jonathan Blake	Director	2.00	Director	$0	$0	$0
Darrell Voelker	Director	2.00	Director	$0	$0	$0
Jessica Potts	Director	2.00	Director	$0	$0	$0
Jesse Belcher	Director	2.00	Director	$0	$0	$0
Skylar Whiteman	Director	2.00	Director	$0	$0	$0
Bob Grewe	Director	2.00	Director	$0	$0	$0
Colton Pipenger	Secretary	2.00	Officer Director	$0	$0	$0
Ashley Willis	Vice Chair	2.00	Officer Director	$0	$0	$0
Erin Emerson	Treasurer	2.00	Officer Director	$0	$0	$0
Chris Pfaff	Chairman	2.00	Officer 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
2024	$2,375,700	$2,234,162	$171,803	$141,538
2023	$1,595,283	$1,654,287	$30,265	$-59,004

Southwest Indiana Development Council Inc