HVAF OF INDIANA INC

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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

Principal Officer

EMMY HILDEBRAND

Phone

3179510688

Tax Period

2024-01-01 to 2024-12-31

HVAF OF INDIANA INC, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.7M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 37% operating margin.

Mission

PROVIDE HOUSING AND REINTEGRATION SERVICES TO VETERANS EXPERIENCING HOMELESSNESS; AND ADMINISTER PROGRAMS AND SERVICES TO PREVENT AT RISK VETERANS FROM BECOMING HOMELESS.

Program Service Accomplishments

Program 1

Expenses: $8,764,435 Revenue: $443,365

PROVIDE SUPPORT AND STRUCTURED TRANSITIONAL HOUSING AND EMPLOYMENT RELATED SUPPORT AND SERVICES TO INDIANA VETERANS AND THEIR FAMILIES; INCLUDING PROVIDING VETERANS WITH FOOD, CLOTHING, FURNITURE...

PROVIDE SUPPORT AND STRUCTURED TRANSITIONAL HOUSING AND EMPLOYMENT RELATED SUPPORT AND SERVICES TO INDIANA VETERANS AND THEIR FAMILIES; INCLUDING PROVIDING VETERANS WITH FOOD, CLOTHING, FURNITURE, SUPPORTIVE HOUSING, EMPLOYMENT, TRANSPORTATION ASSISTANCE AND CASE MANAGEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,851,055

Program Service Revenue $395,405

Investment Income $6,465,496

Other Revenue $11,910

TOTAL REVENUE $16,723,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,688,935

Fundraising Expenses $377,637

Program Expenses $8,764,435

Other Expenses $5,908,735

TOTAL EXPENSES $10,597,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,723,866	$9,521,246	+0.8%
Expenses	$10,597,670	$9,649,145	+0.1%
Net Income	$6,126,196	$-127,899	-48.9%

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

Volunteers

668

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

$297,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY VESPA	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE JONES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES RAINEY	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY KANZINGER	DIRECTOR	1.00	Director	$0	$0	$0
D WILLIAM MOREAU JR	DIRECTOR	1.00	Director	$0	$0	$0
DANNY PORTEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CERTO	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS HEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY THORNTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSE COMACHO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEN TAYLOR	TREASURER	1.00	Officer Director	$0	$0	$0
KYLE BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JAARDA	DIRECTOR	1.00	Director	$0	$0	$0
RICK PENNY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WAYNE BLACK	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ARNE R PEDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RODRIQUES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GINGER BARNES	SECRETARY	1.00	Officer Director	$0	$0	$0
NATHAN PLACK	DIRECTOR	1.00	Director	$0	$0	$0
EMMY HILDEBRAND	CHIEF EXECUTIVE OFFICER	40.00	Officer	$157,492	$845	$158,337
BRYAN DYSERT	CHIEF OPERATING OFFICER	40.00	Officer	$138,140	$845	$138,985
ASHLEE WALLS	VP - ADVANCEMENT	40.00	Highest	$115,014	$845	$115,859

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	$16,723,866	$10,597,670	$24,285,869	$6,126,196
2023	$9,521,246	$9,649,145	$18,099,191	$-127,899
2022	$12,165,992	$9,180,010	$17,482,574	$2,985,982
2021	$14,316,615	$10,365,238	$15,568,459	$3,951,377
2020	$7,909,454	$8,004,047	$11,681,818	$-94,593
2018	$9,717,359	$5,079,220	$10,999,449	$4,638,139