TIPPECANOE COUNTY GOVERNMENTAL BUI… - 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

2001

Legal Domicile

Principal Officer

JEROME WITHERED

Phone

7654235404

Tax Period

2023-01-01 to 2023-12-31

Mission

CONSTRUCT, ACQUIRE, RENOVATE, IMPROVE GOVERNMENTAL BUILDINGS IN TIPPECANOE COUNTY,IN, PARTICULARLY THE EXISTING TIPPECANOE COUNTY LAW ENFORCEMENT FACILITY JAIL.

Program Service Accomplishments

Program 1

Expenses: $330,162

CONSTRUCTED FACILITY IS LEASED BACK TO THE COUNTY. BOND ISSUE COSTS AND ORIGINAL ISSUE DISCOUNT ON BONDS ARE AMORTIZED OVER THE LIFE OF THE BONDS. BONDS WERE ISSUED TO SUPPORT ENTITY'S EXEMPT...

CONSTRUCTED FACILITY IS LEASED BACK TO THE COUNTY. BOND ISSUE COSTS AND ORIGINAL ISSUE DISCOUNT ON BONDS ARE AMORTIZED OVER THE LIFE OF THE BONDS. BONDS WERE ISSUED TO SUPPORT ENTITY'S EXEMPT PURPOSE. PRE-EXISTING JAIL FACILITY IS DEPRECIATED OVER 40 YEARS S/L METHOD. INTEREST EXPENSE WAS PAID ON BOND DEBT.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,162

Other Expenses $330,162

TOTAL EXPENSES $330,162

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$330,162	$330,162	N/A
Net Income	N/A	$-330,162	N/A

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
NATE BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
CATHLEEN CLINE	DIRECTOR	1.00	Director	$0	$0	$0
EMILY DOWNEY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SCHRECKENGAST	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE WINDLER	DIRECTOR	1.00	Director	$0	$0	$0
JEROME WITHERED	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
2024	No data	No data	No data	No data
2023	No data	$330,162	$6,055,642	No data
2022	No data	$330,162	$6,385,804	No data
2021	$429,009	$383,084	$6,715,966	$45,925
2020	$1,165,625	$398,404	$7,685,975	$767,221
2019	$1,159,315	$432,942	$8,020,622	$726,373
2018	$1,153,598	$460,025	$8,350,961	$693,573

TIPPECANOE COUNTY GOVERNMENTAL BUILDING CORPORATION