INDIANA HIGH SCHOOL COLOR GUARD ASSOCIATION INC (EIN 351840360) - 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

1991

Legal Domicile

Principal Officer

KIMBERLY WILHOIT

Phone

7597597162

Tax Period

2023-09-01 to 2024-08-31

INDIANA HIGH SCHOOL COLOR GUARD ASSOCIATION INC, founded in 1991, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $180K left a modest 12% surplus.

Mission

THE ASSOCIATION ORGANIZES INVITATIONAL CONTESTS FOR INDIANA HIGH SCHOOL COLOR GUARDS, AND AWARDS HIGHER EDUCATION SCHOLARSHIPS TO STUDENT PARTICIPANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,718

Program Service Revenue $189,846

Investment Income $1,455

Other Revenue $6,175

TOTAL REVENUE $203,194

Expense Breakdown

Grants Paid $6,900

Salaries & Benefits $63,780

Fundraising Expenses $0

Program Expenses $159,159

Other Expenses $108,903

TOTAL EXPENSES $179,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,194	$184,148	+0.1%
Expenses	$179,583	$147,537	+0.2%
Net Income	$23,611	$36,611	-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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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

$19,800

Total Directors

$11,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEDWORTH BOB	PAST PRESIDENT	5.00	Director	$4,850	$0	$4,850
FAIRCLOTH ADAM	AT-LARGE REP	2.00	Director	$200	$0	$200
THAWLEY THOMAS	AT-LARGE REP	2.00	Director	$200	$0	$200
BOONE ERYN	AT-LARGE REP	2.00	Director	$200	$0	$200
PIACENTI KELLY	AT-LARGE REP	2.00	Director	$200	$0	$200
MEDWORTH RUTH ANN	AT-LARGE REP	2.00	Director	$200	$0	$200
MENDENHALL BRAYTON	AT-LARGE REP	2.00	Director	$1,200	$0	$1,200
MORSE BRIANNA	AT-LARGE REP	2.00	Director	$4,450	$0	$4,450
STOLL TAKESHA	AT-LARGE REP	2.00	Director	$200	$0	$200
BOLLA MIKE	PRESIDENT	5.00	Officer	$500	$0	$500
GIBSON LEE	VICE PRESIDENT	5.00	Officer	$4,000	$0	$4,000
WILES DANIEL	SECRETARY	5.00	Officer	$1,050	$0	$1,050
WILHOIT KIMBERLY	TREASURER	10.00	Officer	$14,250	$0	$14,250

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	$203,194	$179,583	$189,546	$23,611

INDIANA HIGH SCHOOL COLOR GUARD ASSOCIATION INC