INDIANA ALPHA HOUSING CORPORATION (EIN 454826767) - 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

JERRY SWEENEY

Phone

3175364870

Tax Period

2023-07-01 to 2024-06-30

INDIANA ALPHA HOUSING CORPORATION, founded in 2012, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE EXCLUSIVE PURPOSE OF THE CORPORATION SHALL BE FOR PLEASURE AND RECREATION AND, IN FURTHERANCE THEROF, TO ACQUIRE, HOLD, AND LEASE REAL AND PERSONAL PROPERTY FOR A CHAPTER HOUSE AT INDIANA UNIVERSITY.

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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 $1,110,905

Investment Income $973

Other Revenue $23,513

TOTAL REVENUE $1,135,391

Expense Breakdown

Grants Paid $572,093

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $746,528

TOTAL EXPENSES $1,318,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,135,391	$907,836	+0.3%
Expenses	$1,318,621	$990,936	+0.3%
Net Income	$-183,230	$-83,100	+1.2%

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

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
ALAN JOHNSTON	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
DAVID OCA	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JIM MCMURRAY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JOHN STUBBLEFIELD	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
WADE DAY	MEMBER-AT-LARGE	1.00	Director	$0	$0	$0
JERRY SWEENEY	PRESIDENT/TREASURER	2.00	Officer Director	$0	$0	$0
EDWARD VALDETTARO	VICE PRESIDENT/SECRETARY	2.00	Officer 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	$1,135,391	$1,318,621	$153,597	$-183,230
2023	$907,836	$990,936	$302,324	$-83,100
2022	$917,056	$1,091,144	$383,464	$-174,088

INDIANA ALPHA HOUSING CORPORATION