INDIANA PSYCHOLOGICAL ASSOCIATION

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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

1937

Legal Domicile

Principal Officer

DICK RHOAD

Phone

3172577449

Tax Period

2022-01-01 to 2022-12-31

INDIANA PSYCHOLOGICAL ASSOCIATION, founded in 1937, is a small nonprofit that reported $155K in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.

Mission

TO ADVANCE PSYCHOLOGY AS A SCIENCE, AS A PROFESSION, AND AS A MEANS OF PROMOTING PUBLIC WELFARE. IPA SUPPORTS AND PROMOTES HIGH STANDARDS FOR PSYCHOLOGICAL SERVICE, TRAINING AND RESEARCH; FACILITATES THE STUDY OF PSYCHOLOGY AT ALL LEVELS; PROMOTES HIGH STANDARDS OF PROFESSIONAL ETHICS; PROVIDES OPPORTUNITIES FOR THE PROFESSIONAL DEVELOPMENT OF PSYCHOLOGISTS; AND ENCOURAGES PROGRAMS OR PROJECTS THAT BENEFIT THE PUBLIC.

Program Service Accomplishments

Program 1

CONFERENCES FOR PSYCHOLOGISTS, MEMBERS, AND STUDENTS FOR PSYCHOLOGY. PROVIDING OVER 2,000 HOURS OF CONTINUING EDUCATION FOR PSYCHOLOGISTS, OTHER MENTAL HEALTH PROVIDERS, AND STUDENTS THROUGH...

CONFERENCES FOR PSYCHOLOGISTS, MEMBERS, AND STUDENTS FOR PSYCHOLOGY. PROVIDING OVER 2,000 HOURS OF CONTINUING EDUCATION FOR PSYCHOLOGISTS, OTHER MENTAL HEALTH PROVIDERS, AND STUDENTS THROUGH CONFERENCES, HOME STUDY, AND SEMINARS REACHING OVER 500 PROFESSIONALS.

Program 2

COMMUNICATING CLINICAL INFORMATION THROUGH PUBLICATIONS, NEWSLETTERS, AND SOCIAL MEDIA TO PSYCHOLOGISTS, OTHER MENTAL HEALTH PROVIDERS, AND STUDENTS REACHING OVER 500 PROFESSIONALS.

Program 3

PROVIDING PUBLIC INFORMATION ON CURRENT MENTAL HEALTH EDUCATION AND INFORMATION, INCLUDING ACCESS INFORMATION FOR PROFESSIONAL SPECIALISTS IN MENTAL HEALTH CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $154,962

Investment Income $14

Other Revenue $0

TOTAL REVENUE $154,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,856

Fundraising Expenses $0

Other Expenses $65,927

TOTAL EXPENSES $161,783

Year-over-Year Comparison

	2022	2021	Change
Revenue	$154,976	$181,342	-0.1%
Expenses	$161,783	$150,324	+0.1%
Net Income	$-6,807	$31,018	-1.2%

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

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

$66,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEIGH WOODS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
COURTNEY JOHNSON	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JILL FODSTAD	PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZ BEGYN	SECRETARY	1.00	Officer Director	$0	$0	$0
PAM REED	TREASURER	1.00	Officer Director	$0	$0	$0
DANA LASEK	APA COUNCIL REP	1.00	Director	$0	$0	$0
ELIZABETH AKEY	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
STEPHANIE CUNNINGHAM	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DANIELLE HENDERSON	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
APRIL KROWEL	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ALEXIS PANDELIOS	COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DICK RHOAD	EXECUTIVE DIRECTOR	40.00	Officer	$66,000	$0	$66,000

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
2022	$154,976	$161,783	$139,508	$-6,807
2021	$181,342	$150,324	$162,770	$31,018
2020	$146,414	$165,326	$118,528	$-18,912
2019	$131,944	$146,911	$123,457	$-14,967
2018	$145,611	$170,625	$118,822	$-25,014