INDIANA GLASS ARTS ALLIANCE 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

2009

Legal Domicile

Principal Officer

LISA PELO

Phone

3177440010

Tax Period

2025-01-01 to 2025-12-31

INDIANA GLASS ARTS ALLIANCE INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $413K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $318,371 Revenue: $329,334

IDENTIFY, ENCOURAGE, SUPPORT AND NETWORK WITH EXISTING AND EMERGING INDIANA GLASS ARTISTS. ORGANIZE ACTIVITIES IN WHICH OUR GAI MEMBERS CAN LEARN FROM EACH OTHER AND SHARE COMMON INTERESTS. INFORM...

IDENTIFY, ENCOURAGE, SUPPORT AND NETWORK WITH EXISTING AND EMERGING INDIANA GLASS ARTISTS. ORGANIZE ACTIVITIES IN WHICH OUR GAI MEMBERS CAN LEARN FROM EACH OTHER AND SHARE COMMON INTERESTS. INFORM OUR GAI MEMBERS OF THE LOCAL AND NATIONAL EDUCATIONAL AND EXHIBITION OPPPORTUNITIES AND INSTRUCTIVE BUSINESS ADVISE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $11,601

Program Service Revenue $400,687

Investment Income $0

Other Revenue $269

TOTAL REVENUE $412,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,410

Fundraising Expenses $48,687

Program Expenses $318,371

Other Expenses $133,837

TOTAL EXPENSES $410,247

Year-over-Year Comparison

	2025	2024	Change
Revenue	$412,557	$370,261	+0.1%
Expenses	$410,247	$363,532	+0.1%
Net Income	$2,310	$6,729	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial 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

$128,998

Total Directors

$224,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA PELO	EXECUTIVE DI	32.00	Officer Director	$117,802	$0	$117,802
MARK OBERTING	VICE PRESIDE	1.00	Officer Director	$4,376	$0	$4,376
MARY HARDEN	CFO	6.00	Officer Director	$6,820	$0	$6,820
KENTON PRATT	MEMBER	31.00	Director	$49,642	$0	$49,642
JUSTIN KERN	MEMBER	33.00	Director	$45,892	$0	$45,892

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
2025	$412,557	$410,247	$70,089	$2,310
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