INDIANA PROPANE EDUCATION AND RESEARCH COUNCIL INC (EIN 611987648) - 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

2021

Legal Domicile

Principal Officer

JASON CARR

Phone

3176554444

Tax Period

2024-01-01 to 2024-12-31

INDIANA PROPANE EDUCATION AND RESEARCH COUNCIL INC, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $262K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $242K left a modest 8% surplus.

Mission

EDUCATE MEMBERS AND INFORM THEM ON NEW PRODUCTS AND SERVICES

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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 $250,500

Program Service Revenue $10,925

Investment Income $864

Other Revenue $0

TOTAL REVENUE $262,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $241,858

TOTAL EXPENSES $241,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,289	$230,183	+0.1%
Expenses	$241,858	$290,243	-0.2%
Net Income	$20,431	$-60,060	-1.3%

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

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
MIKE HAYDEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN DONAHUE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GINA CANADAY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN SCHROERING	IMMEDIATE PAST PRESIDENT	1.00	Officer 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
2025	No data	No data	No data	No data
2024	$262,289	$241,858	$82,554	$20,431
2023	$230,183	$290,243	$62,123	$-60,060
2022	$230,081	$107,898	$122,183	$122,183

INDIANA PROPANE EDUCATION AND RESEARCH COUNCIL INC