IVY TECH PROPERTIES INC (EIN 454551412) - 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

2012

Legal Domicile

Principal Officer

COURTNEY N ROBERTS

Phone

3179214749

Tax Period

2023-07-01 to 2024-06-30

IVY TECH PROPERTIES INC, founded in 2012, is a small nonprofit that reported $127K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $940K exceeded revenue, resulting in a 643% operating deficit.

Mission

TO ACQUIRE, OWN AND REDEVELOP PROPERTY FOR THE BENEFIT OF IVY TECH COMMUNITY COLLEGE.

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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 $126,633

Other Revenue $22

TOTAL REVENUE $126,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $940,462

TOTAL EXPENSES $940,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,655	$85,978	+0.5%
Expenses	$940,462	$755,930	+0.2%
Net Income	$-813,807	$-669,952	+0.2%

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

N/A

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

$912,566

Total Directors

$912,566

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY N ROBERTS	PRESIDENT	1.00	Officer Director	$0	$29,073	$404,373
THOMAS SKIDMORE	TREASURER	1.00	Officer Director	$0	$47,565	$271,130
BECKY MILLER	VICE PRESIDENT	1.00	Officer Director	$0	$35,708	$237,063

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	$126,655	$940,462	$13,032,889	$-813,807
2023	$85,978	$755,930	$13,849,777	$-669,952
2022	$13,862	$631,283	$16,217,919	$-617,421
2021	$32,094	$84,248	$17,195,110	$-52,154

IVY TECH PROPERTIES INC