INDIANA STATE UNIVERSITY FOUNDATION INC (EIN 356045550) - 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

1928

Legal Domicile

Principal Officer

ANDREA L ANGEL

Phone

8122376100

Tax Period

2022-07-01 to 2023-06-30

INDIANA STATE UNIVERSITY FOUNDATION INC, founded in 1928, is a mid-sized nonprofit in the Education sector that reported $16.1M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.9M, a strong 43% operating margin.

Mission

TO SECURE AND PRESERVE PRIVATE RESOURCES FOR THE BETTERMENT OF INDIANA STATE UNIVERSITY AND ITS STUDENTS.

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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 $14,372,325

Program Service Revenue $792,516

Investment Income $1,132,950

Other Revenue $-168,388

TOTAL REVENUE $16,129,403

Expense Breakdown

Grants Paid $7,417,330

Salaries & Benefits $23,515

Fundraising Expenses $419,949

Program Expenses $7,486,802

Other Expenses $1,831,380

TOTAL EXPENSES $9,272,225

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,129,403	$21,567,754	-0.3%
Expenses	$9,272,225	$10,008,908	-0.1%
Net Income	$6,857,178	$11,558,846	-0.4%

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

176

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

$394,400

Total Directors

$252,604

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA ANGEL	CEO	37.5	Officer Director	$0	$31,877	$252,604
JEREMIAH TURNER	ASSC VP UNIV ADVANCEMENT	37.5	Highest	$0	$29,725	$143,004
KENNETH MENEFEE	PLANNED/PRINCIPAL GIFTS EX DIR	37.5	Highest	$0	$27,341	$132,248
LUCY LUNSFORD	CONTROLLER	37.5	Officer	$0	$8,844	$96,999
ADAM BAHUS	ASSISTANT SECRETARY	37.5	Officer	$0	$3,759	$44,797
ELIZABETH BOULET	DIRECTOR	1.0	Director	$0	$0	$0
STEVE BAILEY	DIRECTOR	1.0	Director	$0	$0	$0
KATHLEEN CABELLO	CHAIR, TRUSTEES	1.0	Director	$0	$0	$0
PAUL CHANEY	DIRECTOR	1.0	Director	$0	$0	$0
J BART COLWELL	DIRECTOR	1.0	Director	$0	$0	$0
JOHN CROUCH	DIRECTOR	1.0	Director	$0	$0	$0
KEITH DICKEY	DIRECTOR	1.0	Director	$0	$0	$0
SANDI DRULEY	DIRECTOR	1.0	Director	$0	$0	$0
DONALD DUDINE	IMMEDIATE PAST CHAIR	1.0	Director	$0	$0	$0
JOSEPH EVELO	DIRECTOR	1.0	Director	$0	$0	$0
JULIE HECK	DIRECTOR	1.0	Director	$0	$0	$0
TROY HELMAN	SECRETARY	1.0	Officer Director	$0	$0	$0
SCOTT JONES	DIRECTOR	1.0	Director	$0	$0	$0
TRAVIS KENDALL	DIRECTOR	1.0	Director	$0	$0	$0
MARY MCGUIRE	TREASURER	1.0	Officer Director	$0	$0	$0
RANDALL MINAS	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK LIMA	CHAIR, ALUMNI BOARD	1.0	Director	$0	$0	$0
TODD OSBURN	DIRECTOR	1.0	Director	$0	$0	$0
JIM PAJAKOWSKI	DIRECTOR	1.0	Director	$0	$0	$0
LINDA PELLEGRINI	DIRECTOR	1.0	Director	$0	$0	$0
PAM POORE	DIRECTOR	1.0	Director	$0	$0	$0
RICHARD PORTER	CHAIR	1.0	Officer Director	$0	$0	$0
DANIEL RILEY	DIRECTOR	1.0	Director	$0	$0	$0
SANDY SENIOR-DAUER	DIRECTOR	1.0	Director	$0	$0	$0
RITA SENSEMAN	DIRECTOR	1.0	Director	$0	$0	$0
MARIE C SHANKS	VICE CHAIR	1.0	Officer Director	$0	$0	$0
GREG STEENBERG	DIRECTOR	1.0	Director	$0	$0	$0
LINDSEY STERGAR	DIRECTOR	1.0	Director	$0	$0	$0
GORDON TANNER	DIRECTOR	1.0	Director	$0	$0	$0
DAN THIEL	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT WATSON	DIRECTOR	1.0	Director	$0	$0	$0
LAURA WITTMAN	DIRECTOR	1.0	Director	$0	$0	$0
DEBORAH CURTIS	DIRECTOR	1.0	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	No data	No data	No data	No data
2023	$16,129,403	$9,272,225	$129,647,619	$6,857,178
2022	$21,567,754	$10,008,908	$114,718,203	$11,558,846
2021	$29,901,749	$5,878,006	$120,588,616	$24,023,743
2020	$9,577,942	$6,644,242	$87,736,136	$2,933,700
2019	$9,454,923	$7,693,214	$85,421,593	$1,761,709
2018	$9,541,564	$7,178,187	$81,139,108	$2,363,377

INDIANA STATE UNIVERSITY FOUNDATION INC