BATTERY INNOVATION CENTER INSTITUTE

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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

LESLIE ALEXANDER

Phone

8128632424

Tax Period

2024-01-01 to 2024-12-31

BATTERY INNOVATION CENTER INSTITUTE, founded in 2012, is a community nonprofit in the Science & Technology sector that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $4.9M exceeded revenue, resulting in a 51% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $4,900,362

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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 $3,382,991

Investment Income $-166,083

Other Revenue $54,500

TOTAL REVENUE $3,271,408

Expense Breakdown

Grants Paid $383

Salaries & Benefits $2,060,706

Fundraising Expenses $34,176

Program Expenses $4,900,362

Other Expenses $2,873,449

TOTAL EXPENSES $4,934,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,271,408	$4,491,712	-0.3%
Expenses	$4,934,538	$4,544,490	+0.1%
Net Income	$-1,663,130	$-52,778	+30.5%

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

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
LESLIE 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	$11,750	$0	$11,750
PAUL MITCHELL	SECRETARY/BO	5.00	Director	$0	$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	$3,271,408	$4,934,538	$6,250,266	$-1,663,130
2023	$4,491,712	$4,544,490	$5,989,729	$-52,778
2022	$5,355,900	$5,379,229	$10,082,604	$-23,329
2021	$4,855,829	$3,223,559	$9,971,672	$1,632,270
2020	$4,527,251	$3,518,248	$3,465,438	$1,009,003
2019	$3,049,477	$2,424,450	$2,166,139	$625,027
2018	$2,667,353	$2,215,559	$1,232,658	$451,794