Miracle Place Inc

EIN: 352098706 501(c)(3) Community Improvement

Indianapolis, IN

Total Revenue
$516,899
Total Expenses
$479,278
Total Assets
$2,705,488
Net Assets
$2,705,488
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
IN
Principal Officer
Sister Barbara J McClelland
Phone
3174233064
Tax Period
2024-07-01 to 2025-06-30

Miracle Place Inc, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $517K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $479K left a modest 7% surplus.

Mission

The organization is a neighborhood ministry and community center. It provides childrens programs: education support and hospitality. It also provides adult cultural activities, hospitality and home upkeep.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $512,899
Program Service Revenue $4,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $516,899

Expense Breakdown

Grants Paid $182,908
Salaries & Benefits $183,733
Fundraising Expenses $19,751
Program Expenses $459,527
Other Expenses $112,637
TOTAL EXPENSES $479,278

Year-over-Year Comparison

2024 2023 Change
Revenue $516,899 $615,320 -0.2%
Expenses $479,278 $361,013 +0.3%
Net Income $37,621 $254,307 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
5
Volunteers
130

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
4
$0
Total Directors
12
$58,540
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sister Barbara McClelland SP Director 1.00
Director
$0 $0 $0
Gerry Kosene Director 1.00
Director
$0 $0 $0
Mari Jo Pennington Director 1.00
Director
$0 $0 $0
Bill Witchger Director 1.00
Director
$0 $0 $0
Beth DeSanto Director 1.00
Director
$0 $0 $0
Jennifer Simon Director 1.00
Director
$0 $0 $0
Ali Pritchett Director 40.00
Director
$58,540 $0 $58,540
Gemma Monjaraz-Gonzalez Director 1.00
Director
$0 $0 $0
Nick Traub Director 1.00
Director
$0 $0 $0
Paul Weaver Vice-President 2.00
Officer
$0 $0 $0
Tim Falvey President 4.00
Officer
$0 $0 $0
Therese Reckley Secretary 2.00
Officer
$0 $0 $0
Gail Schaeffer Treasurer 4.00
Officer
$0 $0 $0
Abel Redding Director 1.00
Director
$0 $0 $0
Rob Glassmeyer Director 1.00
Director
$0 $0 $0
Adrian Perez Director 1.00
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
2025 $516,899 $479,278 $2,705,488 $37,621
2024 $615,320 $361,013 $2,667,865 $254,307
2023 $470,352 $407,370 $2,413,720 $62,982
2022 $477,092 $294,234 $2,345,725 $182,858
2021 $484,349 $286,467 $2,048,394 $197,882
2020 $319,854 $268,799 $1,720,004 $51,055
2019 $443,349 $214,126 $1,668,691 $229,223
2018 $393,773 $211,454 $1,439,241 $182,319
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