INDIANA GLASS ARTS ALLIANCE INC (EIN 611555529) - 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

2009

Legal Domicile

Principal Officer

LISA PELO

Phone

3177440010

Tax Period

2024-01-01 to 2024-12-31

INDIANA GLASS ARTS ALLIANCE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $370K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

SPONSOR, PROMOTE AND PARTICIPATE IN EVENTS TO INCREASE THE KNOWLEDGE AND APPRECIATION OF THE GLASS ARTS WITH THE RESIDENTS OF INDIANA.

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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 $568

Program Service Revenue $368,780

Investment Income $0

Other Revenue $913

TOTAL REVENUE $370,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,171

Fundraising Expenses $45,620

Program Expenses $215,570

Other Expenses $178,361

TOTAL EXPENSES $363,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,261	$285,116	+0.3%
Expenses	$363,532	$273,046	+0.3%
Net Income	$6,729	$12,070	-0.4%

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

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

$85,413

Total Directors

$170,577

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA PELO	EXECUTIVE DI	15.00	Officer Director	$77,948	$0	$77,948
MARK OBERTING	VICE PRESIDE	1.50	Officer Director	$3,465	$0	$3,465
MARY HARDEN	CFO	8.00	Officer Director	$4,000	$0	$4,000
KENTON PRATT	MEMBER	1.50	Director	$38,810	$0	$38,810
JUSTIN KERN	MEMBER	2.00	Director	$46,354	$0	$46,354

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	$370,261	$363,532	$71,809	$6,729
2023	$285,116	$273,046	$74,189	$12,070
2022	$203,483	$193,381	$47,028	$10,102

INDIANA GLASS ARTS ALLIANCE INC