INDIANA ALPHA STUDENT SCHOLARSHIP FOUNDATION INC (EIN 356024583) - 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

1953

Legal Domicile

Principal Officer

JERRY SWEENEY

Phone

3172167464

Tax Period

2023-07-01 to 2024-06-30

INDIANA ALPHA STUDENT SCHOLARSHIP FOUNDATION INC, founded in 1953, is a small nonprofit in the Education sector that reported $681K in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $679K, a strong 100% operating margin.

Mission

PROVIDING EDUCATIONAL AND SOCIAL BENEFITS TO MEMBERS AS WELL AS PROVIDING HOUSING AND BOARD TO MEMBERS TO ENCOURAGE EDUCATIONAL AND SOCIAL GROWTH.

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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 $569,380

Program Service Revenue $0

Investment Income $10,073

Other Revenue $101,508

TOTAL REVENUE $680,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,877

TOTAL EXPENSES $1,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$680,961	$390,487	+0.7%
Expenses	$1,877	$15,263	-0.9%
Net Income	$679,084	$375,224	+0.8%

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
WADE DAY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
ALAN JOHNSTON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JIM MCMURRAY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DAVID OCA	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JOHN STUBBLEFIELD	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JERRY SWEENEY	PRESIDENT/TREASURER	4.00	Officer Director	$0	$0	$0
EDWARD VALDETTARO	VICE PRESIDENT/SECRETARY	2.00	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	$680,961	$1,877	$3,051,155	$679,084
2023	$390,487	$15,263	$2,058,104	$375,224
2022	$489,808	$4,700	$1,574,111	$485,108
2021	$112,721	$4,924	$1,122,071	$107,797
2020	$129,770	$2,000	$1,035,395	$127,770
2019	$217,100	$13,705	$1,014,076	$203,395
2018	$75,551	$46,188	$865,763	$29,363

INDIANA ALPHA STUDENT SCHOLARSHIP FOUNDATION INC