KIWANIS INDIANA FOUNDATION INC

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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

WILLIAM PARKER

Tax Period

2022-10-01 to 2023-09-30

KIWANIS INDIANA FOUNDATION INC, founded in 1941, is a small nonprofit in the Community Improvement sector that reported $286K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $84K, a strong 29% operating margin.

Mission

THE FOUNDATION IS OPERATED FOR CHARITABLE EDUCATIONAL AND HUMANITARIAN PURPOSES. THEIR PROGRAMS INCLUDE BUT ARE NOT LIMITED TO: FUNDRAISER AND SUPPORTER FOR RILEY CHILDREN'S HOSPITAL AND RELATED PROGRAMS AND TO PROVIDE SCHOLARSHIPS TO WORTHY HIGH-SCHOOL AND COLLEGE-AGE STUDENTS AND TO SUPPORT CHARITABLE PROGRAMS OF KIWANIS INTERNATIONAL KIWANIS INDIANA DISTRICT AND INDIANA KIWANIS CLUBS.

Program Service Accomplishments

Program 1

Expenses: $177,847 Revenue: $0

THE FOUNDATION SUPPORTS THE LARGEST CHARITABLE PROGRAM OF THE KIWANIS INDIANA DISTRICT THE RILEY CHILREN'S FOUNDATION RCF. FUNDS ARE COLLECTED FROM INDIANA KIWANIS CLUBS AND CONTRIBUTED TO THE RCF TO SUPPORT THEIR MISSION OF SERVING THE MEDICAL NEEDS OF CHILDREN IN INDIANA. DURING THE PAST 4 YEARS MORE THAN $1 MILLION HAS BEEN RAISED AND DONATED TO RCF.

Program 2

Expenses: $22,000 Revenue: $0

THE FOUNDATION PROVIDES SCHOLARSHIPS TO HIGH SCHOOL STUDENTS SPONSORED BY DISTRICT KIWANIS CLUBS TO SUPPORT THEIR POST-SECONDARY EDUCATION TO COLLEGES AND UNIVERSITIES IN INDIANA. FUNDS ARE COLLECTED FROM DISTRICT KIWANIS CLUBS AND USED TO FUND THESE SCHOLARSHIPS. THE FOUNDATION ALSO SUPPORTS THE SCHOLARSHIPS IF FUNDS FROM THE KIWANIS CLUBS ARE NOT SUFFICIENT. SCHOLARSHIP RECIPIENTS ARE INDEPENDENT AND ARE SELECTED BY AN INDEPENDENT COMMITTEE OF THE FOUNDATION.

Program 3

Expenses: $1,750 Revenue: $0

THE FOUNDATION MAKES GRANTS TO INDIANA KIWANIS CLUBS FOR THE BENEFIT OF INDIANA RESIDENTS. THE GRANTS HELP INCREASE THE CAPACITY OF THE INDIANA KIWANIS CLUBS TO SUPPORT CLUB PROJECTS AND THE MISSION OF KIWANIS INTERNATIONAL FOR CITIZENS OF INDIANA AND THE WORLD. GRANTS ARE GIVEN TO HELP SUPPORT KIWANIS CLUB PROJECTS THAT BENEFIT YOUTH ELDERLY CIVIC AND COMMUNITY DEVELOPMENT AND HEALTH AND HUMAN DEVELOPMENT. THE GRANT APPLICATION PROCESS IS LOCATED ON THE ORGANIZATION'S WEBSITE AND HAS A DETAILED APPLICATION PROCESS. ALL GRANTS ARE APPROVED BY THE FOUNDATION BOARD OF DIRECTORS.

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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 $194,786

Program Service Revenue $0

Investment Income $91,123

Other Revenue $0

TOTAL REVENUE $285,909

Expense Breakdown

Grants Paid $201,597

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,597

Other Expenses $0

TOTAL EXPENSES $201,597

Year-over-Year Comparison

	2022	2021	Change
Revenue	$285,909	$316,271	-0.1%
Expenses	$201,597	$221,584	-0.1%
Net Income	$84,312	$94,687	-0.1%

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

N/A

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
JAMES SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT MOLIN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM ANTHONY	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM PARKER	TREASURER	1.00	Officer Director	$0	$0	$0
BRUCE ANDREWS	GOVENORKIWANIS INDIANA	1.00	Director	$0	$0	$0
DOUG MCMILLAN	GOVERNOR ELECTKIWANIS INDIANA	1.00	Director	$0	$0	$0
TAKA OGATA	IMM PAST GOVERNORKIWANIS INDIANA	1.00	Director	$0	$0	$0
ELAINE CUMMINGSBULLARD	DIRECTOR	1.00	Director	$0	$0	$0
STEVE INGRAM	DIRECTOR	1.00	Director	$0	$0	$0
DON KOWALKE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ALICE CLARK	DIRECTOR	1.00	Director	$0	$0	$0
GAYLE WEBB	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BLASDEL	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
2023	$285,909	$201,597	$967,208	$84,312
2022	$316,271	$221,584	$864,376	$94,687
2021	$269,336	$244,701	$976,736	$24,635
2020	$235,219	$274,242	$866,692	$-39,023
2019	$264,484	$293,144	$862,701	$-28,660
2018	$335,984	$284,684	$887,347	$51,300