INDY GATEWAY INC (EIN 473583307) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

Principal Officer

JEFFREY K BUTTS

Phone

3172234614

Tax Period

2024-01-01 to 2024-12-31

INDY GATEWAY INC, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $391K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $219K, a strong 56% operating margin.

Mission

INDY GATEWAY WAS CREATED FOR AND ITS PRIMARY OBJECTIVE IS TO IMPROVE ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT. THE PURPOSES INCLUDE PROMOTING ECONOMIC GROWTH, INCREASING OPPORTUNITIES FOR THE REVITALIZATION OF NEIGHBORHOODS, AND MAKING THE WEST SIDE OF INDIANAPOLIS A PLACE WHERE FAMILIES WANT TO LIVE, WORK AND PLAY.

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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 $380,352

Program Service Revenue $0

Investment Income $5,439

Other Revenue $5,683

TOTAL REVENUE $391,474

Expense Breakdown

Grants Paid $15,658

Salaries & Benefits $0

Fundraising Expenses $26,588

Program Expenses $115,247

Other Expenses $156,868

TOTAL EXPENSES $172,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,474	$215,266	+0.8%
Expenses	$172,526	$171,082	+0.0%
Net Income	$218,948	$44,184	+4.0%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY K BUTTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
GUY FINN	TREASURER	1.00	Officer Director	$0	$0	$0
RENEE PACK	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE BODEM	DIRECTOR	1.00	Director	$0	$0	$0
ADAM BURTNER	DIRECTOR	1.00	Director	$0	$0	$0
TROY BROSSEAU	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MAXIMILLIAN COCONATO	DIRECTOR	1.00	Director	$0	$0	$0
TODD M COOK	DIRECTOR	1.00	Director	$0	$0	$0
JARED EVANS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD JOSEPH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WESLY PAPABATHINI	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PROCTOR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PRYOR	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON RADFORD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH ROVAZZINI	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN WEINZAPFEL	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN WITHERS	DIRECTOR	1.00	Director	$0	$0	$0
LISA BENTLEY	EXECUTIVE DIRECTOR	25.00	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	$391,474	$172,526	$930,137	$218,948
2023	$215,266	$171,082	$751,705	$44,184
2022	$200,201	$175,835	$735,020	$24,366
2021	$406,912	$166,969	$737,935	$239,943
2020	$251,841	$187,556	$777,048	$64,285
2019	$176,727	$69,729	$587,357	$106,998
2018	$240,118	$79,532	$230,359	$160,586

INDY GATEWAY INC