INDIANA AFTERSCHOOL NETWORK INC

EIN: 465592573 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$1,174,887
Total Expenses
$1,584,216
Total Assets
$1,831,211
Net Assets
$1,500,356
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IN
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.

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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 (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
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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
9
Independent Members
9
Employees
13
Volunteers
25

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
5
$134,317
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
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
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