INDIANA ASSOCIATION OF OSTEOPATHIC PHYSICIANS AND SURGEONS

EIN: 356021884

INDIANAPOLIS, IN

Total Revenue
$201,420
Total Expenses
$317,570
Total Assets
$326,601
Net Assets
$273,741
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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
1952
Legal Domicile
IN
Principal Officer
DAVID KORONKIEWICZ
Phone
3179263009
Tax Period
2024-01-01 to 2024-12-31

INDIANA ASSOCIATION OF OSTEOPATHIC PHYSICIANS AND SURGEONS, founded in 1952, is a small nonprofit that reported $201K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $318K exceeded revenue, resulting in a 58% operating deficit.

Mission

IOA IS THE PROFESSIONAL HOME AND ADVOCATE FOR ALL PHYSICIANS AND STUDENTS WHOSE OBJECTIVE IS TO PRACTICE OSTEOPATHICALLY.

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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 $786
Program Service Revenue $185,796
Investment Income $9,948
Other Revenue $4,890
TOTAL REVENUE $201,420

Expense Breakdown

Grants Paid $50
Salaries & Benefits $159,329
Fundraising Expenses $0
Other Expenses $158,191
TOTAL EXPENSES $317,570

Year-over-Year Comparison

2024 2023 Change
Revenue $201,420 $253,653 -0.2%
Expenses $317,570 $326,251 0.0%
Net Income $-116,150 $-72,598 +0.6%
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
12
Independent Members
12
Employees
2
Volunteers
12

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
5
$92,928
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL SHOCKLEY IMMEDIATE PAST PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID KORONKIEWICZ PRESIDENT 2.00
Officer Director
$0 $0 $0
DAVID BLANK VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JOSEPH KOENIGSMARK SECRETARY/ TREASURER 1.00
Officer Director
$0 $0 $0
ZACHARY WATERSON TRUSTEE 1.00
Director
$0 $0 $0
BENJAMIN RODIMEL TRUSTEE 1.00
Director
$0 $0 $0
BRITTANY SIMPSON TRUSTEE 1.00
Director
$0 $0 $0
OLIVIA SMITH TRUSTEE 1.00
Director
$0 $0 $0
KRISTINE TEODORI TRUSTEE 1.00
Director
$0 $0 $0
AUSTIN LAYTON TRUSTEE 1.00
Director
$0 $0 $0
TAYLOR BACHERT TRUSTEE 1.00
Director
$0 $0 $0
RICHARD NUSSLE EXECUTIVE DIRECTOR 40.00
Officer
$89,600 $3,328 $92,928
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 $201,420 $317,570 $326,601 $-116,150
2023 $253,653 $326,251 $505,803 $-72,598
2022 $335,287 $328,523 $479,377 $6,764
2021 $400,065 $301,115 $500,416 $98,950
2018 $347,717 $389,068 $202,460 $-41,351
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