INDY HUB FOUNDATION INC (EIN 455430916) - 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

2013

Legal Domicile

Principal Officer

NAPOLEON A CARROLL III

Phone

3176240248

Tax Period

2023-01-01 to 2023-12-31

INDY HUB FOUNDATION INC, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $242K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO ATTRACT, ENGAGE, EDUCATE, AND MOTIVATE YOUNG PROFESSIONALS OF ALL VARIETIES TO MAKE INDIANAPOLIS AN EVEN GREATER PLACE TO LIVE, WORK, AND PLAY.

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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 $232,641

Program Service Revenue $8,389

Investment Income $0

Other Revenue $916

TOTAL REVENUE $241,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,543

Fundraising Expenses $7,841

Program Expenses $165,287

Other Expenses $105,137

TOTAL EXPENSES $260,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,946	$214,136	+0.1%
Expenses	$260,680	$204,270	+0.3%
Net Income	$-18,734	$9,866	-2.9%

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

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

$95,000

Total Directors

$95,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NAPOLEON CARROLL	PRESIDENT	35.00	Officer Director	$76,095	$0	$95,000
TREVOR BELDEN	FOUNDATION CHAIR	1.00	Officer Director	$0	$0	$0
KATE BROSHEARS	DIRECTOR	1.00	Director	$0	$0	$0
JOE PELLMAN	DIRECTOR	1.00	Director	$0	$0	$0
BECCA SCHMIEGEL	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY CRONE	DIRECTOR	1.00	Director	$0	$0	$0
NIKKI KIRK	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HICKS	DIRECTOR	1.00	Director	$0	$0	$0
LEXIE SEWARD	DIRECTOR	1.00	Director	$0	$0	$0
JENNY CASH	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$241,946	$260,680	$34,040	$-18,734
2022	$214,136	$204,270	$42,069	$9,866
2021	$344,469	$209,766	$53,374	$134,703
2020	$188,942	$227,151	$17,807	$-38,209
2019	$218,055	$252,485	$33,681	$-34,430

INDY HUB FOUNDATION INC