HOOSIER BOYS STATE INC (EIN 356042237) - 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

1941

Legal Domicile

Principal Officer

RON PATTERSON

Phone

3176358411

Tax Period

2024-08-01 to 2025-07-31

HOOSIER BOYS STATE INC, founded in 1941, is a small nonprofit in the Recreation & Sports sector that reported $264K in total revenue in fiscal year 2024. The organization ran a surplus of $164K, a strong 62% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO EDUCATE AND TRAIN BOYS IN UNDERSTANDING THE DEMOCRATIC FORM OF GOVERNMENT IN THE UNITED STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $173,258

Program Service Revenue $79,060

Investment Income $12,104

Other Revenue $0

TOTAL REVENUE $264,422

Expense Breakdown

Grants Paid $10,650

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,883

Other Expenses $89,835

TOTAL EXPENSES $100,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,422	$247,085	+0.1%
Expenses	$100,485	$125,311	-0.2%
Net Income	$163,937	$121,774	+0.3%

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	Role	Reportable Comp	Other Comp	Total
BRUCE CURRY	ASSOCIATE DIRECTOR	Officer Director	$0	$0	$0
MILTON HOWARD	FINANCE OFFICER	Officer Director	$0	$0	$0
RON PATTERSON	DEPARTMENT COMMANDER	Officer Director	$0	$0	$0
RICHIE KING SR	EXECUTIVE SECTION	Director	$0	$0	$0
CHAD WOODBURN	SECRETARY	Officer Director	$0	$0	$0
BOB OETH	EXECUTIVE SECTION	Director	$0	$0	$0
JOHN SARNECKI SR	EXECUTIVE SECTION	Director	$0	$0	$0
CHUCK MASON	EXECUTIVE SECTION	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	$264,422	$100,485	$758,206	$163,937
2024	$247,085	$125,311	$502,504	$121,774
2023	$94,246	$95,549	$410,598	$-1,303
2022	$84,149	$78,534	$361,536	$5,615
2021	$27,281	$7,617	$370,072	$19,664
2020	$14,987	$12,598	$233,843	$2,389
2019	$132,499	$139,327	$245,764	$-6,828

HOOSIER BOYS STATE INC