INDIANA SOCIETY FOR HEALTHCARE ENG… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

SCOTT TRIPP

Phone

5743673999

Tax Period

2023-01-01 to 2023-12-31

INDIANA SOCIETY FOR HEALTHCARE ENGINEERING, founded in 1995, is a small nonprofit that reported $337K in total revenue in fiscal year 2023. Expenses of $301K left a modest 11% surplus.

Mission

TO BENEFIT THE HEALTHCARE ENGINEERING PROFESSION.

Program Service Accomplishments

Program 1

WEBSITE MANAGEMENT TO PROVIDE INFORMATION ABOUT INDIANA SOCIETY FOR HEALTHCARE ENGINEERING (ISHE) TO KEEP MEMBERS UP TO DATE ON CURRENT ISSUES. PROVIDE TWO STATE MEETINGS AND DISTRICT MEETINGS FOR...

WEBSITE MANAGEMENT TO PROVIDE INFORMATION ABOUT INDIANA SOCIETY FOR HEALTHCARE ENGINEERING (ISHE) TO KEEP MEMBERS UP TO DATE ON CURRENT ISSUES. PROVIDE TWO STATE MEETINGS AND DISTRICT MEETINGS FOR THE PURPOSE OF PROVIDING EDUCATION AND INFORMATION ON ISSUES, REQUIREMENTS IMPACTING HEALTHCARE ENGINEERING, REGULATIONS AND OTHER.

Program 2

SCHOLARSHIP PROGRAM AWARDS TO COLLEGE STUDENTS OF ISHE MEMBERS AND SCHOLARSHIPS FOR STUDENTS IN SPONSORED PROGRAMS.

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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 $0

Program Service Revenue $328,810

Investment Income $7,970

Other Revenue $0

TOTAL REVENUE $336,780

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $286,067

TOTAL EXPENSES $301,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,780	$336,700	+0.0%
Expenses	$301,067	$264,511	+0.1%
Net Income	$35,713	$72,189	-0.5%

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

N/A

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
JOE MARTIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
BEN STAUFFER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SCOTT BURCROFF	SECRETARY	5.00	Officer Director	$0	$0	$0
SCOTT TRIPP	TREASURER	5.00	Officer Director	$0	$0	$0
MELISSA MCCAIN	PAST PRESIDENT	5.00	Director	$0	$0	$0
JEFF COOK	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW GORMAN	DIRECTOR	5.00	Director	$0	$0	$0
JOHN WARD	DIRECTOR	5.00	Director	$0	$0	$0
JAY BANGERT	ASSOCIATE BOARD MEMBER	5.00	Director	$0	$0	$0
RYAN BERRY	ASSOCIATE BOARD MEMBER	5.00	Director	$0	$0	$0
ABBY LAUCK	ASSOCIATE BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$336,780	$301,067	$465,909	$35,713
2022	$336,700	$264,511	$407,164	$72,189
2021	$297,422	$244,678	$367,319	$52,744

INDIANA SOCIETY FOR HEALTHCARE ENGINEERING