INDIANAPOLIS AIDS HOUSING CORP (EIN 351894476) - 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

Principal Officer

NICOLE WILLIAMS

Phone

5742376000

Tax Period

2024-01-01 to 2024-12-31

INDIANAPOLIS AIDS HOUSING CORP, founded in 1993, is a small nonprofit that reported $301K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $265K left a modest 12% surplus.

Mission

THE INDIANA NOT-FOR-PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 24 UNIT APARTMENT COMMUNITY FOR HIV TENANTS IN INDIANAPOLIS, INDIANA, KNOWN AS THE CONNER HOUSE. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES (OR PERSONS) AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 $191,959

Program Service Revenue $103,723

Investment Income $236

Other Revenue $5,208

TOTAL REVENUE $301,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,330

Other Expenses $265,247

TOTAL EXPENSES $265,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,126	$274,753	+0.1%
Expenses	$265,247	$277,874	0.0%
Net Income	$35,879	$-3,121	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARETH FLASH	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL MCGRAW	DIRECTOR	0.50	Director	$0	$0	$0
SOLA OWENS	DIRECTOR	0.50	Director	$0	$0	$0
JOSIAH HARRISON-BENJAMIN	DIRECTOR	0.50	Director	$0	$0	$0
KARSYN MOHLER	DIRECTOR	0.50	Director	$0	$0	$0
BRADLY LAUGHLIN	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE WILLIAMS	PRESIDENT	0.50	Officer Director	$0	$0	$0

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	$301,126	$265,247	$541,489	$35,879
2023	$274,753	$277,874	$511,591	$-3,121
2022	$277,006	$299,314	$519,315	$-22,308
2021	$260,945	$280,407	$535,882	$-19,462
2020	$247,141	$242,416	$558,775	$4,725
2019	$292,401	$274,387	$556,877	$18,014

INDIANAPOLIS AIDS HOUSING CORP