BATTERY INNOVATION CENTER INC (EIN 454110850) - 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

2011

Legal Domicile

Principal Officer

LES ALEXANDER

Phone

8128632424

Tax Period

2024-01-01 to 2024-12-31

BATTERY INNOVATION CENTER INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $4.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE AWARENESS AND INCREASE RESOURCES FOR INDIANA BASED RESEARCH AND DEVELOPMENT IN THE ADVANCED ENERGY STORAGE INDUSTRY IN ORDER TO FOSTER ECONOMIC DEVELOPMENT AND POSITION INDIANA AS A GLOBAL LEADER IN THE ADVANCED ENERGY STORAGE INDUSTRY AND TO ENCOURAGE AND PROMOTE THE BUSINESS INTERESTS OF INDIANA'S ADVANCED ENERGY STORAGE INDUSTRY.

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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 $3,441,284

Program Service Revenue $1,358,427

Investment Income $10,621

Other Revenue $6,585

TOTAL REVENUE $4,816,917

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $1,305,716

Fundraising Expenses $0

Program Expenses $4,747,288

Other Expenses $3,406,572

TOTAL EXPENSES $4,747,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,816,917	$4,149,872	+0.2%
Expenses	$4,747,288	$3,165,398	+0.5%
Net Income	$69,629	$984,474	-0.9%

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

$532,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LES ALEXANDER	PRESIDENT/CE	3.00	Officer	$0	$0	$0
CHAD PITTMAN	TREASURER/BO	5.00	Director	$0	$0	$0
DAVID ROBERTS	BOARD CHAIR	1.50	Director	$0	$0	$11,750
PAUL MITCHELL	SECRETARY/BO	5.00	Director	$520,625	$0	$520,625

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	$4,816,917	$4,747,288	$9,557,948	$69,629
2023	$4,149,872	$3,165,398	$6,626,819	$984,474
2022	$382,918	$615,170	$801,742	$-232,252
2021	$3,292,059	$565,413	$83,282	$2,726,646
2020	$816,279	$969,909	$11,044,005	$-153,630
2019	$860,673	$975,294	$11,670,103	$-114,621
2018	$865,225	$988,417	$12,267,013	$-123,192

BATTERY INNOVATION CENTER INC