Indianapolis Suzuki Academy

EIN: 351838029 501(c)(3)

Indianapolis, IN

Total Revenue
$477,574
Total Expenses
$433,471
Total Assets
$471,662
Net Assets
$399,521
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IN
Principal Officer
Rachel Osterhouse
Phone
3172965258
Tax Period
2024-09-01 to 2025-08-31

Indianapolis Suzuki Academy, founded in 1991, is a small nonprofit that reported $478K in total revenue in fiscal year 2024. Expenses of $433K left a modest 9% surplus.

Mission

The Indianapolis Suzuki Academy (ISA) continued its mission of nurturing young musicians through the renowned Suzuki method. Core programming included weekly private lessons and group classes, fostering skill development in a supportive, inclusive environment.ISA served 150 students, achieving 88% retention and 5% enrollment growth. We expanded our piano program by 45% with the addition of a new piano teacher in August.We hosted three formal performances at Indiana Landmarks Grand Hall, reinstating post-recital receptions to build community with parent volunteers. Students also gave 22 community performances at venues including Brics Ice Cream, St. Vincent Womens Hospital, the Harrison Center for the Arts, and nursing homes. Highlights included collaborations with the Indianapolis Chamber Orchestra, and a new piano performance at the Indy Arts Garden. Faculty continued their tradition of performing three times a year at Eskenazi Hospital.

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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 $114,192
Program Service Revenue $347,849
Investment Income $15,533
Other Revenue $0
TOTAL REVENUE $477,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $315,396
Fundraising Expenses $8,669
Program Expenses $390,126
Other Expenses $118,075
TOTAL EXPENSES $433,471

Year-over-Year Comparison

2024 2023 Change
Revenue $477,574 $456,880 +0.0%
Expenses $433,471 $378,157 +0.1%
Net Income $44,103 $78,723 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
12
Volunteers
11

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
5
$75,957
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rachel Osterhouse Executive Dir. 40.00
Officer
$75,957 $0 $75,957
Casey Chell Director 1.00
Director
$0 $0 $0
Kristina Davis Director 1.00
Director
$0 $0 $0
Trae Blanco Vice President 2.00
Officer Director
$0 $0 $0
Gershom Davis Treasurer 2.00
Officer Director
$0 $0 $0
Cody Whitesell Director 1.00
Director
$0 $0 $0
Alistair Howlett Secretary 2.00
Officer Director
$0 $0 $0
Kevin Lin Director 1.00
Director
$0 $0 $0
Jyothi Varanasi President 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
2025 $477,574 $433,471 $471,662 $44,103
2024 $456,880 $378,157 $447,723 $78,723
2023 $397,307 $345,318 $352,122 $51,989
2022 $425,925 $323,380 $301,237 $102,545
2021 $381,270 $327,081 $264,042 $54,189
2020 $375,137 $372,291 $157,942 $2,846
2019 $347,157 $342,097 $100,477 $5,060
2018 $316,425 $298,539 $96,628 $17,886
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