West Indianapolis Development Corp (EIN 351886746) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Lisa Laflin

Phone

3176389432

Tax Period

2023-01-01 to 2023-12-31

West Indianapolis Development Corp, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $410K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 164% operating deficit.

Mission

Improve the quality of housing within a specified area of the city of Indianapolis

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $346,261

Program Service Revenue $418,980

Investment Income $-359,952

Other Revenue $4,735

TOTAL REVENUE $410,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,938

Fundraising Expenses $0

Program Expenses $785,239

Other Expenses $800,234

TOTAL EXPENSES $1,083,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$410,024	$1,211,993	-0.7%
Expenses	$1,083,172	$939,472	+0.2%
Net Income	$-673,148	$272,521	-3.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$114,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Toby Salyers	President	2.00	Officer Director	$0	$0	$0
Eddie Beagles Exit 0323	Vice President	2.00	Officer Director	$0	$0	$0
Cindy Miers Exit-0623	Secretary	2.00	Officer Director	$0	$0	$0
Mike Clemens	Director	1.00	Director	$0	$0	$0
Kristen Marble	Director	1.00	Director	$0	$0	$0
Michele Annee	Director	1.00	Officer Director	$0	$0	$0
Karla Washington	Director	1.00	Director	$0	$0	$0
Kevin Watson	Director	1.00	Director	$0	$0	$0
Phil Huldeen	Director	1.00	Director	$0	$0	$0
Cara Zogorski Exit 1223	Director	1.00	Director	$0	$0	$0
David Carrender Exit-1223	Director	1.00	Director	$0	$0	$0
Tammy Goodyear Start-0123	Director	1.00	Director	$0	$0	$0
Nicole Kizzee Start -0723	Director	1.00	Director	$0	$0	$0
Lisa Laflin	Executive Director	40.00	Officer	$106,000	$8,000	$114,000

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	$410,024	$1,083,172	$3,254,184	$-673,148
2022	$1,211,993	$939,472	$4,513,120	$272,521
2021	$818,119	$1,008,922	$3,967,247	$-190,803
2020	$855,187	$922,579	$4,111,779	$-67,392
2019	$661,662	$934,062	$4,176,287	$-272,400
2018	$713,618	$792,914	$4,408,503	$-79,296

West Indianapolis Development Corp