INDIANA BASKETBALL HALL OF FAME FOUNDATION INC

EIN: 356054160 501(c)(3) Arts, Culture & Humanities

NEW CASTLE, IN

Total Revenue
$1,538,550
Total Expenses
$985,012
Total Assets
$6,366,612
Net Assets
$6,361,086
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
IN
Principal Officer
MATT MARTIN
Phone
7655291891
Tax Period
2024-07-01 to 2025-06-30

INDIANA BASKETBALL HALL OF FAME FOUNDATION INC, founded in 1965, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $554K, a strong 36% operating margin.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE EDUCATIONAL AND CHARITABLE PURPOSES OF THE INDIANA BASKETBALL HALL OF FAME AND TO PRESERVE FOR FUTURE GENERATIONS THE HISTORY OF INDIANA HIGH SCHOOL BASKETBALL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $87,418
Program Service Revenue $383,020
Investment Income $1,013,533
Other Revenue $54,579
TOTAL REVENUE $1,538,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $389,078
Fundraising Expenses $18,524
Program Expenses $731,268
Other Expenses $595,934
TOTAL EXPENSES $985,012

Year-over-Year Comparison

2024 2023 Change
Revenue $1,538,550 $1,144,496 +0.3%
Expenses $985,012 $754,278 +0.3%
Net Income $553,538 $390,218 +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

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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
10
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
9
$101,000
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL WALKER TREASURER 2.00
Officer Director
$0 $0 $0
DONNA SULLIVAN PRESIDENT 2.00
Officer Director
$0 $0 $0
RICK GOINS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MARK BALTZ PAST PRESIDENT 2.00
Director
$0 $0 $0
JOHN HEATON VICE PRESIDENT-CENTRAL 2.00
Officer Director
$0 $0 $0
STEVE BRETT VICE PRESIDENT-SOUTH 2.00
Officer Director
$0 $0 $0
PHIL ISENBARGER AT LARGE REPRESENTATIVE 2.00
Director
$0 $0 $0
GARY MERRELL SECRETARY 2.00
Officer Director
$0 $0 $0
VANCE MEIER HENRY COUNTY REPRESENTATIV 2.00
Director
$0 $0 $0
MELISSA JAMES AT LARGE REPRESENTATIVE 2.00
Officer Director
$0 $0 $0
DAVE SCHELLHASE VICE PRESIDENT-NORTH 2.00
Officer Director
$0 $0 $0
WAYNE BARKER DIRECTOR 2.00
Director
$0 $0 $0
PHIL BORST DIRECTOR 2.00
Director
$0 $0 $0
MIKE BROUGHTON DIRECTOR 2.00
Director
$0 $0 $0
ALAN BUCK DIRECTOR 2.00
Director
$0 $0 $0
DAVE CLARK DIRECTOR 2.00
Director
$0 $0 $0
STEVE DAVIDSON DIRECTOR 2.00
Director
$0 $0 $0
DAVID GADIS DIRECTOR 2.00
Director
$0 $0 $0
CHAD GILBERT DIRECTOR 2.00
Director
$0 $0 $0
JIMMIE HOWELL DIRECTOR 2.00
Director
$0 $0 $0
MARK MASARIU DIRECTOR 2.00
Director
$0 $0 $0
PAT MCKEE DIRECTOR 2.00
Director
$0 $0 $0
AMY METHENY DIRECTOR 2.00
Director
$0 $0 $0
PAUL NEIDIG DIRECTOR 2.00
Director
$0 $0 $0
LAURA TITUS DIRECTOR 2.00
Director
$0 $0 $0
DAVE WORLAND DIRECTOR 2.00
Director
$0 $0 $0
MATT MARTIN EXECUTIVE DIRECTOR 40.00
Officer
$101,000 $0 $101,000
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
2025 $1,538,550 $985,012 $6,366,612 $553,538
2024 $1,144,496 $754,278 $5,808,617 $390,218
2023 $789,023 $743,664 $5,418,189 $45,359
2022 $1,002,889 $716,467 $5,373,754 $286,422
2021 $1,207,689 $503,486 $5,145,905 $704,203
2020 $321,392 $568,366 $4,445,515 $-246,974
2019 $632,470 $597,115 $4,638,433 $35,355
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