BEACON INC

EIN: 743056968 501(c)(3) Education

BLOOMINGTON, IN

Total Revenue
$2,936,800
Total Expenses
$2,956,137
Total Assets
$1,212,489
Net Assets
$1,192,499
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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
2002
Legal Domicile
IN
Principal Officer
FORREST GILMORE
Phone
8123345728
Tax Period
2023-01-01 to 2023-12-31

BEACON INC, founded in 2002, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023.

Mission

BEACON, INC. (BEACON) IS AN INDIANA NOT-FOR-PROFIT CORPORATION. BEACON IS A SOCIAL SERVICE AGENCY SERVING BLOOMINGTON, INDIANA AND SURROUNDING AREAS. ITS PRINCIPLE PROGRAMS INVOLVE PROVIDING MEALS AND SHELTER TO THOSE IN NEED, ASSISTING PEOPLE IN OBTAINING NECESSARY HOUSING, HEALTHCARE AND OTHER SOCIAL SERVICES, OFFERING EDUCATIONAL AND SELF-IMPROVEMENT OPPORTUNITIES, AND ASSISTING PEOPLE IN OBTAINING EMPLOYMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,881,342
Program Service Revenue $40,702
Investment Income $869
Other Revenue $13,887
TOTAL REVENUE $2,936,800

Expense Breakdown

Grants Paid $1,328,135
Salaries & Benefits $1,116,776
Fundraising Expenses $277,624
Program Expenses $2,467,373
Other Expenses $511,226
TOTAL EXPENSES $2,956,137

Year-over-Year Comparison

2023 2022 Change
Revenue $2,936,800 $2,762,867 +0.1%
Expenses $2,956,137 $2,704,647 +0.1%
Net Income $-19,337 $58,220 -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

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Governance

Voting Members
10
Independent Members
10
Employees
40
Volunteers
258

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
5
$80,822
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA HOFFMAN PRESIDENT 5.00
Officer Director
$0 $0 $0
CAROL WATSON VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
LAURA PETTIT TREASURER 5.00
Officer Director
$0 $0 $0
MELANIE VEHSLAGE SECRETARY 5.00
Officer Director
$0 $0 $0
MICHELLE BLOOM DIRECTOR 2.00
Director
$0 $0 $0
JEAN CAPLER DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE COLE DIRECTOR 2.00
Director
$0 $0 $0
VERA FLOCKE DIRECTOR 2.00
Director
$0 $0 $0
LAURA LITTLEPAGE DIRECTOR 2.00
Director
$0 $0 $0
VON WELCH DIRECTOR 2.00
Director
$0 $0 $0
FORREST GILMORE EXECUTIVE DIRECTOR 45.00
Officer
$73,265 $7,557 $80,822
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 No data No data No data No data
2023 $2,936,800 $2,956,137 $1,212,489 $-19,337
2022 $2,762,867 $2,704,647 $1,206,986 $58,220
2021 $4,444,420 $3,902,423 $1,150,566 $541,997
2020 $2,842,739 $3,258,946 $853,702 $-416,207
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