IREM INDIANAPOLIS CHAPTER 24 INC

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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

2014

Legal Domicile

Principal Officer

KATIE CIECHANOWICZ

Phone

3178150163

Tax Period

2024-01-01 to 2024-12-31

IREM INDIANAPOLIS CHAPTER 24 INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2024. Expenses of $254K left a modest 8% surplus.

Mission

THE INDIANAPOLIS IREM CHAPTER 24 WILL ENCOURAGE THE ADVANCEMENT OF CREDENTIALING AND EDUCATIONAL OPPORTUNITES WHILE CREATING A MEANINGFUL MEMBERSHIP EXPERIENCE WITH A FOCUS ON ETHICS, COMMUNITY OUTREACH, AND PROFESSIONAL EXELLENCE. THIS IS ACCOMPLISHED BY OFFERING EDUCATIONAL CLASSES VIA ONLINE OR IN THE CLASSROOM ALLOWING MEMBERS TO ATTAIN DESIRED DESIGNATIONS AND/OR BENEFIT MEMBERS BY ASSISTING THEM IN PERFORMING THEIR JOBS TO A LEVEL OF PROFESSIONALISM.

Program Service Accomplishments

Program 1

ANNUAL IREM INDY SALLY LENTZ-VROUSE SCHOLARSHIP WHICH PROVIDES PAID REGISTRATION TO THE IREM NATIONAL FALL CONFERENCE ALONG WITH AN ALLOWANCE TO DEFRAY ASSOCIATED COSTS. ITS PURPOSE IS TO PROMTATE...

ANNUAL IREM INDY SALLY LENTZ-VROUSE SCHOLARSHIP WHICH PROVIDES PAID REGISTRATION TO THE IREM NATIONAL FALL CONFERENCE ALONG WITH AN ALLOWANCE TO DEFRAY ASSOCIATED COSTS. ITS PURPOSE IS TO PROMTATE AND REWARD MEMBER PARTICIPATION AT THE IREM INDY CHAPTER LEVEL.

Program 2

IREM INDY ANNUAL STUDENT OUTREACH PROGRAM - TAKE OUR FUTURE TO LUNCH. THIS SCHOLARSHIP PROGRAM INCUDES A CASH REWARD AND A STUDENT MEMBERSHIP TO THREE STUDENTS. ADDITIONAL STUDENT MEMBERSHIPS ARE...

IREM INDY ANNUAL STUDENT OUTREACH PROGRAM - TAKE OUR FUTURE TO LUNCH. THIS SCHOLARSHIP PROGRAM INCUDES A CASH REWARD AND A STUDENT MEMBERSHIP TO THREE STUDENTS. ADDITIONAL STUDENT MEMBERSHIPS ARE AWARDED TO STUDENTS IN ATTENDENCE. IT'S PURPOSE IS TO SUPPORT POTENTIAL LEADERS IN THE PROFESSION

Program 3

SEMI ANNUAL IREM INDY MEMBER EDUCATION SCHOLARSHIPS PROVIDES AN ALLOWANCE TO A DESERVING MEMBER TO ATTEND ANY IREM CERTIFICATION EDUCATION COURSE OF THEIR CHOOSING AND LOCATION. IT'S PURPOSE IS TO...

SEMI ANNUAL IREM INDY MEMBER EDUCATION SCHOLARSHIPS PROVIDES AN ALLOWANCE TO A DESERVING MEMBER TO ATTEND ANY IREM CERTIFICATION EDUCATION COURSE OF THEIR CHOOSING AND LOCATION. IT'S PURPOSE IS TO PROMOTE AND REWARD MEMBER PARTICIPATION AND DESIGNATION ATTAINMENT AT THE IREM INDY CHAPTER LEVEL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $96,666

Program Service Revenue $142,289

Investment Income $8,242

Other Revenue $29,758

TOTAL REVENUE $276,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $254,407

TOTAL EXPENSES $254,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,955	$288,824	0.0%
Expenses	$254,407	$258,011	0.0%
Net Income	$22,548	$30,813	-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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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

320

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE BLANTON	IREM ASSOC E	2.00	Director	$0	$0	$0
CYNTHIA BOGGS	TREASURER	2.00	Officer	$0	$0	$0
KATIE CIECHANOWICZ	PRESIDENT	2.00	Officer	$0	$0	$0
VIKI HAMBLEN	PAST PRESIDE	2.00	Officer	$0	$0	$0
JENNIFER KING	VICE PRESIDE	2.00	Officer	$0	$0	$0
KRIS MOORE	CO-TREASURER	2.00	Officer	$0	$0	$0
ERICA SWIFT NIEDRINGHAUS	SECRETARY	2.00	Officer	$0	$0	$0
CASEY RUSK	PRESIDENT EL	2.00	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
2024	$276,955	$254,407	$361,691	$22,548
2023	$288,824	$258,011	$324,193	$30,813
2022	$282,227	$251,017	$389,044	$31,210
2021	$250,333	$194,358	$362,325	$55,975
2020	$179,422	$145,813	$251,864	$33,609
2019	$255,171	$220,396	$200,402	$34,775
2018	$226,840	$206,105	$153,131	$20,735