INDIANA ASSOCIATION OF STUDENT COUNCILS INC

EIN: 352157645 501(c)(3) Education

Lawrenceburg, IN

Total Revenue
$7,830
Total Expenses
$19,031
Total Assets
$10,588
Net Assets
$-36,076
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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
IN
Tax Period
2020-07-01 to 2021-06-30

INDIANA ASSOCIATION OF STUDENT COUNCILS INC, founded in 2001, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2020. Expenses of $19K exceeded revenue, resulting in a 143% operating deficit.

Mission

TO PROVIDE EDUCATIONAL AND LEADERSHIP OPPORTUNITIES FOR STUDENTS WHO ARE MEMBERS OF STUDENT COUNCILS IN THE STATE OF INDIANA

Program Service Accomplishments

Program 1

TO PROVIDE EDUCATIONAL AND LEADERSHIP OPPORTUNITIES FOR STUDENTS WHO ARE MEMBERS OF STUDENT COUNCILS IN THE STATE OF INDIANA

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,177
Investment Income $0
Other Revenue $1,653
TOTAL REVENUE $7,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $19,031
TOTAL EXPENSES $19,031

Year-over-Year Comparison

2020 2019 Change
Revenue $7,830 N/A N/A
Expenses $19,031 N/A N/A
Net Income $-11,201 N/A 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

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Governance

Voting Members
10
Independent Members
10
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM B LUSK TREASURER 2.00
Officer
$0 $0 $0
CARMEN E LUSK ASSISTANT DIRECTOR 15.00
Officer
$0 $0 $0
MICHAEL LOVELY EXECUTIVE DIRECTOR 15.00
Officer
$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
2021 $7,830 $19,031 $10,588 $-11,201
2020 $127,621 $120,244 $8,791 $7,377
2019 $128,545 $161,830 $11,734 $-33,285
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