INDIANA UTILITY RATE PAYER TRUST DTD 07/29/1997 00D123 (EIN 356651129) - 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

1997

Legal Domicile

Principal Officer

FIRST MERCHANTS BANK

Phone

7657471500

Tax Period

2023-01-01 to 2023-12-31

INDIANA UTILITY RATE PAYER TRUST DTD 07/29/1997 00D123, founded in 1997, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $388K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO PROVIDE FUNDS TO HELP COVER LEGAL AND OTHER EXPENSES TO ANY AND ALL WHO ARE AFFECTED DETERMENTIALLY BY UTILITY RATES AND PRACTICES IN INDIANA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $262,100

Other Revenue $892

TOTAL REVENUE $262,992

Expense Breakdown

Grants Paid $284,964

Salaries & Benefits $27,250

Fundraising Expenses $0

Program Expenses $336,643

Other Expenses $76,108

TOTAL EXPENSES $388,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,992	$294,604	-0.1%
Expenses	$388,322	$293,737	+0.3%
Net Income	$-125,330	$867	-145.6%

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

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

$27,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$70,067	$0	$70,067
CHRIS WILLIAMS	EXECUTIVE COMMITTEE	1.00	Director	$5,450	$0	$5,450
MS JUNE LYLE	EXECUTIVE COMMITTEE	1.00	Director	$5,450	$0	$5,450
MS ANNE BECKER	EXECUTIVE COMMITTEE	1.00	Director	$5,450	$0	$5,450
RICHARD HILL	EXECUTIVE COMMITTEE	1.00	Director	$5,450	$0	$5,450
ROBERT K JOHNSON	EXECUTIVE COMMITTEE	1.00	Director	$5,450	$0	$5,450

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	$262,992	$388,322	$7,656,526	$-125,330
2022	$294,604	$293,737	$7,480,897	$867
2021	$379,697	$439,932	$8,701,155	$-60,235
2020	$587,504	$363,400	$8,509,062	$224,104

INDIANA UTILITY RATE PAYER TRUST DTD 07/29/1997 00D123