CENTRAL INDIANA SCHOOL EMPLOYEES' INSURANCE TRUST (EIN 356515214) - 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

1990

Legal Domicile

Principal Officer

JAKE ALLEN

Phone

3173401713

Tax Period

2024-01-01 to 2024-12-31

CENTRAL INDIANA SCHOOL EMPLOYEES' INSURANCE TRUST, founded in 1990, is a mid-sized nonprofit that reported $37.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $32.8M left a modest 12% surplus.

Mission

PROVIDE MEDICAL, DENTAL, LIFE AND LONG-TERM DISABILITY BENEFITS TO APPROXIMATELY 1,832 SCHOOL EMPLOYEES.

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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 $36,355,669

Investment Income $596,666

Other Revenue $372,260

TOTAL REVENUE $37,324,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,840,917

Other Expenses $7,701,160

TOTAL EXPENSES $32,840,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,324,595	$33,369,062	+0.1%
Expenses	$32,840,917	$29,974,623	+0.1%
Net Income	$4,483,678	$3,394,439	+0.3%

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
SANDY HENSLEY	TRUSTEE	1.00	Director	$0	$0	$0
JODI GORDON	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER LAUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
TRACEY SHAFER	TRUSTEE	1.00	Director	$0	$0	$0
TIM BLOCHER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT BOWLING	TRUSTEE	1.00	Director	$0	$0	$0
JACOB ALLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN CATLIN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN NEWBOLD	TRUSTEE	1.00	Director	$0	$0	$0
STACEY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE BABCOCK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS LUX	TRUSTEE	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
2024	$37,324,595	$32,840,917	$17,251,619	$4,483,678
2023	$33,369,062	$29,974,623	$12,587,658	$3,394,439
2022	$30,089,785	$31,974,113	$5,642,186	$-1,884,328
2021	$26,224,808	$25,178,999	$10,226,654	$1,045,809
2021	$24,873,159	$28,371,902	$8,241,560	$-3,498,743

CENTRAL INDIANA SCHOOL EMPLOYEES' INSURANCE TRUST