INDIANA PROPANE GAS ASSOCIATION (EIN 356043506) - 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

1952

Legal Domicile

Principal Officer

JASON CARR

Phone

3176554444

Tax Period

2024-01-01 to 2024-12-31

INDIANA PROPANE GAS ASSOCIATION, founded in 1952, is a small nonprofit that reported $327K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $364K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROPANE INDUSTRY TRADE ASSOCIATION

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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 $0

Program Service Revenue $326,610

Investment Income $468

Other Revenue $0

TOTAL REVENUE $327,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $364,246

TOTAL EXPENSES $364,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,078	$224,183	+0.5%
Expenses	$364,246	$238,162	+0.5%
Net Income	$-37,168	$-13,979	+1.7%

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
DAN OVERPECK	NPGA STATE DIRECTOR	1.00	Officer Director	$0	$0	$0
BRIAN DONAHUE	PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA CANADAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON CARR	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MIKE HAYDEN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF AXSOM	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN GRAMMER	DIRECTOR	1.00	Director	$0	$0	$0
TREBBY CATRON	DIRECTOR	1.00	Director	$0	$0	$0
BEN FRANGER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLEY HUTCHINS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
LYNN SHEETS	DIRECTOR	1.00	Director	$0	$0	$0
JASON WILSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$327,078	$364,246	$571,198	$-37,168
2023	$224,183	$238,162	$518,428	$-13,979
2022	$179,821	$194,452	$434,451	$-14,631
2021	$210,915	$202,617	$585,807	$8,298
2020	$144,343	$172,875	$505,227	$-28,532
2019	$174,390	$210,501	$450,414	$-36,111
2018	$184,368	$202,747	$432,230	$-18,379

INDIANA PROPANE GAS ASSOCIATION