Indiana Music Education Association Foundation

EIN: 462272366 501(c)(3) Education

Indianapolis, IN

Total Revenue
$544,838
Total Expenses
$509,190
Total Assets
$97,040
Net Assets
$79,405
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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
1996
Legal Domicile
IN
Principal Officer
Lane Velayo
Phone
3175368344
Tax Period
2024-07-01 to 2025-06-30

Indiana Music Education Association Foundation, founded in 1996, is a small nonprofit in the Education sector that reported $545K in total revenue in fiscal year 2024. Expenses of $509K left a modest 7% surplus.

Mission

To support the charitabel efforts of Indiana Music Educators Association and ass the needs of Indianas school aged children.

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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 (2024)

Revenue Breakdown

Contributions & Grants $82,606
Program Service Revenue $462,140
Investment Income $92
Other Revenue $0
TOTAL REVENUE $544,838

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $478,095
Other Expenses $509,190
TOTAL EXPENSES $509,190

Year-over-Year Comparison

2024 2023 Change
Revenue $544,838 $561,444 0.0%
Expenses $509,190 $506,353 +0.0%
Net Income $35,648 $55,091 -0.4%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
100

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
See Attachment I See Attachement I 0.50
$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
2025 $544,838 $509,190 $97,040 $35,648
2024 No data No data No data No data
2023 $420,016 $480,520 No data $-60,504
2022 $350,243 $350,139 $60,021 $104
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