Indiana Philanthropy Alliance Inc (EIN 351835134) - 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

1990

Legal Domicile

Phone

3176305200

Tax Period

2024-01-01 to 2024-12-31

Indiana Philanthropy Alliance Inc, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

Champion, support and connect members as they transform Indiana through effective philanthropy.

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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 $1,899,312

Program Service Revenue $356,069

Investment Income $206,347

Other Revenue $4,158

TOTAL REVENUE $2,465,886

Expense Breakdown

Grants Paid $456,300

Salaries & Benefits $1,364,135

Fundraising Expenses $0

Program Expenses $2,223,618

Other Expenses $1,059,211

TOTAL EXPENSES $2,879,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,465,886	$3,654,444	-0.3%
Expenses	$2,879,646	$2,430,921	+0.2%
Net Income	$-413,760	$1,223,523	-1.3%

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

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

$238,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brienne Hooker	Vice Chair	1.0	Officer Director	$0	$0	$0
Jeff Small	Chair	1.0	Officer Director	$0	$0	$0
Stephanie Overbey	Secretary	1.0	Officer Director	$0	$0	$0
Tim Murphy	Treasurer	1.0	Officer Director	$0	$0	$0
Charlotte Hawthorne	Director	1.0	Director	$0	$0	$0
Clayton Boyles	Director	1.0	Director	$0	$0	$0
Dan Davis	Director	1.0	Director	$0	$0	$0
Jenna Wachtmann	Director	1.0	Director	$0	$0	$0
Josh Daugherty	Director	1.0	Director	$0	$0	$0
Josh Kornberg	Director (part year)	1.0	Director	$0	$0	$0
Maggi Spartz	Director	1.0	Director	$0	$0	$0
Maria Fruth	Director	1.0	Director	$0	$0	$0
Pamela Ross	Director (Part Year)	1.0	Director	$0	$0	$0
Rich Haddad	Director	1.0	Director	$0	$0	$0
Thomas Major Jr	Director	1.0	Director	$0	$0	$0
Tina Peterson	Director	1.0	Director	$0	$0	$0
Claudia Cummings	President/CEO	40.0	Officer	$199,583	$38,738	$238,321
Amy Haacker	VP, Community Foundation Programs	40.0	Highest	$140,996	$29,048	$170,044
Elisabete Silloto	Senior Director Marketing & Business Intelligence	40.0	Highest	$101,404	$23,491	$124,895
Maddison Miller	VP External Relations	40.0	Highest	$106,016	$21,979	$127,995

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	$2,465,886	$2,879,646	$4,617,513	$-413,760
2023	$3,654,444	$2,430,921	$5,736,804	$1,223,523
2022	$3,525,253	$2,565,536	$3,615,584	$959,717
2021	$1,191,041	$1,035,667	$2,099,351	$155,374
2020	$1,384,048	$950,201	$1,789,678	$433,847
2019	$899,869	$959,197	$1,315,111	$-59,328
2018	$997,737	$1,024,659	$1,259,671	$-26,922

Indiana Philanthropy Alliance Inc