Indianapolis Downtown Inc (EIN 351877771) - 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

1993

Legal Domicile

Phone

3172372222

Tax Period

2023-01-01 to 2023-12-31

Indianapolis Downtown Inc, founded in 1993, is a mid-sized nonprofit in the Community Improvement sector that reported $11.0M in total revenue in fiscal year 2023. Revenue surged 1373% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.6M, a strong 70% operating margin.

Mission

Indianapolis Downtown, Inc. exists to improve downtown Indianapolis. IDI was established to continue the economic, social, and cultural development in downtown Indianapolis by educational, scientific, and charitable means.

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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 $10,682,571

Program Service Revenue $0

Investment Income $271,498

Other Revenue $4,461

TOTAL REVENUE $10,958,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,339,308

Other Expenses $3,339,308

TOTAL EXPENSES $3,339,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,958,530	$743,854	+13.7%
Expenses	$3,339,308	$1,405,049	+1.4%
Net Income	$7,619,222	$-661,195	-12.5%

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

1000

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

$474,529

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Chair of the Board	1.0	Officer Director	$0	$0	$0
N/A	Treasurer of the Board	1.0	Officer Director	$0	$0	$0
N/A	Secretary of the board	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair of the Board	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director(Beginning 4/23)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Vice President (Through 9/23)	39.0	Officer	$0	$4,500	$103,054
N/A	President and CEO	39.0	Officer	$0	$2,250	$223,000
N/A	Vice President Finance & Operations	39.0	Officer	$0	$1,000	$148,475

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	No data	No data	No data	No data
2023	$10,958,530	$3,339,308	$16,683,440	$7,619,222
2022	$743,854	$1,405,049	$8,352,267	$-661,195
2021	$974,420	$1,221,140	$9,944,637	$-246,720
2020	$861,850	$1,060,548	$9,978,313	$-198,698
2019	$397,093	$1,177,243	$9,782,896	$-780,150
2018	$4,346,841	$354,030	$9,753,509	$3,992,811

Indianapolis Downtown Inc