INDIANA AFTERSCHOOL NETWORK INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

LAKSHMI HASANADKA

Phone

3178228211

Tax Period

2023-01-01 to 2023-12-31

INDIANA AFTERSCHOOL NETWORK INC, founded in 2013, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 35% operating deficit.

Mission

MISSION: WE ADVANCE LEARNING BEYOND THE SCHOOL DAY BY ACTIVELY SUPPORTING PROVIDERS WITH RESOURCES, TRAINING, AND ADVOCACY, WHILE MOBILIZING A STRONG NETWORK OF COMMUNITY PARTNERS. TOGETHER, WE BUILD ACCESS TO HIGH-QUALITY OUT-OF-SCHOOL TIME PROGRAMS FOR ALL YOUTH ACROSS INDIANA.VISION: WE ENVISION A THRIVING INDIANA WHERE VALUED OUT-OF-SCHOOL TIME PROFESSIONALS EMPOWER ALL YOUTH TO REALIZE THEIR FULL POTENTIAL FOSTERING PERSONAL GROWTH, LIFELONG LEARNING, AND FUTURE READINESS.

Program Service Accomplishments

Program 1

Expenses: $1,122,928 Revenue: $92,922

INDIANA AFTERSCHOOL NETWORK (IAN) SERVES OUT-OF-SCHOOL TIME (OST) PROGRAMS AND OST PROFESSIONALS AS DESCRIBED BELOW:FOR MORE THAN A DECADE, IAN HAS BEEN COMMITTED TO PROVIDING THE SUPPORT AND...

INDIANA AFTERSCHOOL NETWORK (IAN) SERVES OUT-OF-SCHOOL TIME (OST) PROGRAMS AND OST PROFESSIONALS AS DESCRIBED BELOW:FOR MORE THAN A DECADE, IAN HAS BEEN COMMITTED TO PROVIDING THE SUPPORT AND RESOURCES OST PROGRAMS NEED TO FLOURISH. OUR RIGOROUS, DATA-INFORMED QUALITY STANDARDS EMPOWER OST PROVIDERS TO MAKE RESEARCH-DRIVEN DECISIONS AND STRENGTHEN THE QUALITY OF THEIR PROGRAMS. WE ACT AS A TRUSTED HUB FOR FUNDING, STRATEGY, AND CURRICULUM RESOURCES. WE ADVOCATE FOR OST PROGRAMMING WITH LEGISLATORS, POLICYMAKERS, AND ALL WHO SHAPE THE FUTURE OF INDIANA FAMILIES. AND WE ELEVATE AFTERSCHOOL PROFESSIONALS BY PROVIDING EDUCATIONAL SUPPORT AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES, ENSURING THAT WE'RE BUILDING AND MAINTAINING AN OST WORKFORCE CAPABLE OF EXCELLING IN AN EVER-CHANGING WORLD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,035,510

Program Service Revenue $91,559

Investment Income $46,455

Other Revenue $1,363

TOTAL REVENUE $1,174,887

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $817,036

Fundraising Expenses $46,927

Program Expenses $1,122,928

Other Expenses $761,180

TOTAL EXPENSES $1,584,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,174,887	$9,391,555	-0.9%
Expenses	$1,584,216	$9,240,486	-0.8%
Net Income	$-409,329	$151,069	-3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$134,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD HURST PHD	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JEREMY ELTZ PHD	BOARD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MIKE SEEGEL	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
ANGELINA MENDOZA	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TARA BISHOP EDD	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY BURTON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA CARR KLITZSCH	DIRECTOR	1.00	Director	$0	$0	$0
MARC MCALEAVEY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS A TRINKLE PHD	DIRECTOR	1.00	Director	$0	$0	$0
LAKSHMI HASANADKA	CEO	40.00	Officer	$125,549	$8,768	$134,317
BRENT WAKE	VICE PRESIDENT OF ENGAGEMENT	40.00	Highest	$103,265	$8,100	$111,365

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	$1,174,887	$1,584,216	$1,831,211	$-409,329
2022	$9,391,555	$9,240,486	$2,196,931	$151,069
2021	$4,884,390	$4,830,765	$20,410,535	$53,625
2020	$1,054,782	$935,938	$1,753,101	$118,844
2019	$1,158,992	$1,023,518	$1,637,397	$135,474
2018	$1,160,211	$1,042,325	$1,358,073	$117,886