Indianapolis Downtown Inc

EIN: 351877771 501(c)(3) Community Improvement

Indianapolis, IN

Total Revenue
$10,958,530
Total Expenses
$3,339,308
Total Assets
$16,683,440
Net Assets
$16,144,814
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
IN
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. (IDI) exists to improve downtown Indianapolis. It is action-oriented and addresses critical issues that affect downtown growth and well-being. IDI was established to continue the economic, social, and cultural development in downtown Indianapolis by educational, scientific, and charitable means. IDI serves the general public in the City of Indianapolis, Indiana.

Program Service Accomplishments

Program 1
Expenses: $3,339,308 Revenue: $4,461

Indianapolis Downtown, Inc. performs various programs and services that benefit the general public and help manage downtown. These programs include: (1) Safety & Security; (2) Traffic &...

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Indianapolis Downtown, Inc. performs various programs and services that benefit the general public and help manage downtown. These programs include: (1) Safety & Security; (2) Traffic & Transportation and Public Rights-of-Way; and (3) Beautification & Cleanliness. Specific IDI programs include: bike and walking police patrol officers independently contracted to help keep downtown safe, increase police presence and supplement efforts of Indianapolis Metropolitan Police Department (IDI's security partnership convenes public and private security partners to coordinate public safety efforts); planting and maintaining 200 planters and 2 gardens, including Washington St., I-70 Gateway, Jackson Place and Rotary Greenway; maintaining & installing holiday decor on Monument Circle; direction downtown wayfinding signage; and pest bird mitigation.

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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 (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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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
45
Independent Members
45
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
7
$474,529
Total Directors
45
$0
Key Employees
0
$0
Highest Compensated
0
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
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