WESTERN INDIANA COMMUNITY FOUNDATION INC

EIN: 351814927 501(c)(3) Philanthropy & Grantmaking

COVINGTON, IN

Total Revenue
$6,385,248
Total Expenses
$2,700,414
Total Assets
$42,589,531
Net Assets
$42,124,681
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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
1990
Legal Domicile
IN
Principal Officer
SUSAN REYNOLDS
Phone
7657930702
Tax Period
2024-01-01 to 2024-12-31

WESTERN INDIANA COMMUNITY FOUNDATION INC, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 58% operating margin.

Mission

"HELPING PEOPLE IMPROVE OUR COMMUNITY." FAMILIES, INDIVIDUALS, BUSINESSES, AND NONPROFIT GROUPS ESTABLISH FUNDS WITHIN THE FOUNDATION INTO WHICH THEY CAN CONTRIBUTE A VARIETY OF ASSETS TO BE USED FOR CHARITABLE PURPOSES. GRANTS ARE AWARDED TO COMMUNITY PROJECTS, NONPROFIT ORGANIZATIONS, AND STUDENTS FOR SCHOLARSHIPS.

Program Service Accomplishments

Program 1
Expenses: $1,594,754 Revenue: $507,250

COMMUNITY PROGRAMS AND SCHOLARSHIPS FOR SECONDARY EDUCATION NEEDING SUPPORT FROM THE ENTIRE COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,683,402
Program Service Revenue $507,250
Investment Income $2,194,596
Other Revenue $0
TOTAL REVENUE $6,385,248

Expense Breakdown

Grants Paid $1,594,754
Salaries & Benefits $390,509
Fundraising Expenses $27,566
Program Expenses $1,594,754
Other Expenses $715,151
TOTAL EXPENSES $2,700,414

Year-over-Year Comparison

2024 2023 Change
Revenue $6,385,248 $4,817,766 +0.3%
Expenses $2,700,414 $2,586,811 +0.0%
Net Income $3,684,834 $2,230,955 +0.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
40

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
4
$121,900
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN REYNOLDS PRESIDENT 1.00
Officer Director
$0 $0 $0
RAQUEL STULTZ VICE-PRESIDE 1.00
Officer Director
$0 $0 $0
KEVIN MARTIN TREASURER 1.00
Officer Director
$0 $0 $0
TAYLOR POWELL DIRECTOR 1.00
Director
$0 $0 $0
TOM MCGURK JR DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
RYAN SOWERS DIRECTOR 1.00
Director
$0 $0 $0
MEGAN ELLERMORE DIRECTOR 1.00
Director
$0 $0 $0
DALE WHITE EXECUTIVE DI 40.00
Officer
$121,900 $0 $121,900
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 $6,385,248 $2,700,414 $42,589,531 $3,684,834
2023 $4,817,766 $2,586,811 $36,236,748 $2,230,955
2022 $3,172,409 $1,908,778 $31,699,703 $1,263,631
2021 $3,329,026 $2,025,745 $32,378,151 $1,303,281
2020 $3,597,302 $1,719,823 $26,808,272 $1,877,479
2019 $2,566,373 $1,346,340 $24,985,541 $1,220,033
2018 $1,632,809 $1,739,837 $21,125,851 $-107,028
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