INDIANA FINANCIAL SERVICES ASSOCIATION INC

EIN: 461002472 Mutual Benefit

INDIANAPOLIS, IN

Total Revenue
$80,614
Total Expenses
$60,000
Total Assets
$64,877
Net Assets
$64,877
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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IN
Principal Officer
RYAN BLACK
Phone
3172386291
Tax Period
2021-01-01 to 2021-12-31

INDIANA FINANCIAL SERVICES ASSOCIATION INC, founded in 2012, is a micro nonprofit in the Mutual Benefit sector that reported $81K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $21K, a strong 26% operating margin.

Mission

TO PROMOTE THE COMMON INTERESTS, OPPORTUNITIES, AND GROWTH OF ENTITIES AND ORGANIZATIONS WHO PROVIDE FINANCIAL SERVICES THROUGHOUT THE STATE OF INDIANA; TO SUPPORT THE SPECIFIC NEEDS OF THOSE ENTITIES AND ORGANIZATIONS WITHIN THE FINANCIAL SERVICES INDUSTRY; TO RECOGNIZE AND FURTHER DEVELOP THE NETWORK OF THOSE ENTITIES AND ORGANIZATIONS PROVIDING FINANCIAL SERVICES AND OPERATING THROUGHOUT THE STATE OF INDIANA; TO SUPPORT AND PROMOTE, THROUGH A SINGLE ORGANIZATION, THE POSITION OF THE MEMBERSHIP ON SIGNIFICANT LOCAL, STATE, AND NATIONAL CONCERNS OF THE FINANCIAL SERVICES INDUSTRY; TO SERVE AS A VEHICLE FOR ENTITIES AND ORGANIZATIONS ENGAGED IN FINACIAL SERVICES TO IDENTIFY, CONFIRM, AND COMMUNICATE CERTAIN LEGISLATIVE, EXECUTIVE, REGULATORY AND OTHER POLICY ISSUES WHICH PERTAIN TO THE INTERESTS OF THE FINANCIAL SERVICES INDUSTRY GENERALLY OR WITH RESPECT TO THE MEMBERS TO APPROPRIATE THIRD PARTIES, TO THE EXTENT PERMITTED BY LAW; TO MONITOR PUBLIC LEGISLATION FOR THE PURPOSE OF KEEPIN

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $80,614
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $80,614

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $60,000
TOTAL EXPENSES $60,000

Year-over-Year Comparison

2021 2020 Change
Revenue $80,614 $98,826 -0.2%
Expenses $60,000 $83,000 -0.3%
Net Income $20,614 $15,826 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN BLACK PRESIDENT/SE 1.00
Officer Director
$0 $0 $0
DREW CHLAN BOARD MEMBER 1.00
Director
$0 $0 $0
ALLEN GRIFFITH BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN HOLT BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT MILBOURN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JOE SCHUEBERT BOARD MEMBER 1.00
Director
$0 $0 $0
BRETT ASHTON EXECUTIVE DI 1.00
Officer
$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
2021 $80,614 $60,000 $64,877 $20,614
2020 $98,826 $83,000 $44,263 $15,826
2019 $41,068 $60,000 $28,437 $-18,932
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