Groundwork Indy Inc (EIN 473863928) - 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

Pamela McLaren

Phone

3177372810

Tax Period

2024-01-01 to 2024-12-31

Groundwork Indy Inc, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $806K in total revenue in fiscal year 2024. Expenses of $731K left a modest 9% surplus.

Mission

GWIs mission is to foster the sustained regeneration, improvement and management of the environment by developing community-based partnerships which empower people, businesses and organizations to promote environmental, economic & social well-being.

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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 $740,691

Program Service Revenue $50,978

Investment Income $12,963

Other Revenue $1,266

TOTAL REVENUE $805,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $512,505

Fundraising Expenses $0

Program Expenses $599,036

Other Expenses $218,542

TOTAL EXPENSES $731,047

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,898	$773,433	+0.0%
Expenses	$731,047	$626,119	+0.2%
Net Income	$74,851	$147,314	-0.5%

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

Volunteers

250

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

$83,228

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Velazquez	Exec Director	40.00	Officer	$83,228	$0	$83,228
Pamela McLaren	President	2.00	Officer Director	$0	$0	$0
Ron Rice	Vice President	2.00	Officer Director	$0	$0	$0
Mo McReynolds	Secretary	2.00	Officer Director	$0	$0	$0
Jason R Schultz	Treasurer	10.00	Officer Director	$0	$0	$0
Jeremy Littell	Director	2.00	Director	$0	$0	$0
George Plews	Director	2.00	Director	$0	$0	$0
Edwin Morris	Director	2.00	Director	$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	$805,898	$731,047	$1,003,537	$74,851
2023	$773,433	$626,119	$932,795	$147,314
2022	$896,334	$703,702	$778,348	$192,632
2021	$842,163	$777,088	$589,126	$65,075
2020	$1,009,528	$769,449	$603,502	$240,079
2019	$662,330	$548,382	$278,014	$113,948
2018	$566,457	$528,935	$176,961	$37,522

Groundwork Indy Inc