INDIANA PROPANE GAS FOUNDATION (EIN 352046950) - 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

1997

Legal Domicile

Principal Officer

GINA CANADY

Phone

3176334662

Tax Period

2022-01-01 to 2022-12-31

INDIANA PROPANE GAS FOUNDATION, founded in 1997, is a micro nonprofit that reported $13K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 572% operating deficit.

Mission

EDUCATE MEMBERS AND INFORM THEM ON NEW PRODUCTS AND SERVICES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,970

Investment Income $93

Other Revenue $0

TOTAL REVENUE $13,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,786

Other Expenses $87,786

TOTAL EXPENSES $87,786

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,063	$260,650	-0.9%
Expenses	$87,786	$283,811	-0.7%
Net Income	$-74,723	$-23,161	+2.2%

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
MIKE HAYDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DONAHUE	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA CANADY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN SCHROERING	IMMEDIATE PAST PRESIDENT	1.00	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
2022	$13,063	$87,786	No data	$-74,723
2021	$260,650	$283,811	$74,723	$-23,161
2020	$253,694	$234,692	$97,884	$19,002
2019	$240,136	$220,390	$78,882	$19,746
2018	$230,294	$232,461	$59,136	$-2,167

INDIANA PROPANE GAS FOUNDATION