INDIANA CPA EDUCATIONAL FOUNDATION (EIN 356050182) - 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

1963

Legal Domicile

Principal Officer

DENISE J GATES CPA

Phone

3177265000

Tax Period

2024-07-01 to 2025-06-30

INDIANA CPA EDUCATIONAL FOUNDATION, founded in 1963, is a small nonprofit that reported $209K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $269K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO RAISE FUNDS AND PROVIDE FINANCIAL ASSISTANCE FOR PROGRAMS DESIGNED TO ENCOURAGE ACCOUNTING CAREERS AND TO PROMOTE EDUCATION-RELATED ACTIVITIES FOR THE BENEFIT OF INDIANA CPA SOCIETY MEMBERS.

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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 $190,260

Program Service Revenue $0

Investment Income $18,406

Other Revenue $0

TOTAL REVENUE $208,666

Expense Breakdown

Grants Paid $31,550

Salaries & Benefits $109,733

Fundraising Expenses $0

Program Expenses $150,148

Other Expenses $127,242

TOTAL EXPENSES $268,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,666	$158,407	+0.3%
Expenses	$268,525	$194,937	+0.4%
Net Income	$-59,859	$-36,530	+0.6%

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

$413,271

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH M KIZER CPA	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
DENISE J GATES CPA	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS E BAYER CPA CEXP	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
DENNIS J HICKLE CPA CGMA	TRUSTEE	1.00	Director	$0	$0	$0
TAISHA DESOUZA	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW MANSARAY	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER A NEAL CPA CGMA	TRUSTEE	1.00	Director	$0	$0	$0
ERLAND C PORTER CPA	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY KINCAID	PRESIDENT &	1.00	Officer	$0	$48,553	$253,359
JENNIFER NORRIS	CFO	1.00	Officer	$0	$28,145	$159,912

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	$208,666	$268,525	$452,430	$-59,859
2024	$158,407	$194,937	$511,758	$-36,530
2023	$84,435	$119,677	$426,612	$-35,242

INDIANA CPA EDUCATIONAL FOUNDATION