UNITE INDY INC (EIN 814675693) - 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

2017

Legal Domicile

Principal Officer

JAMES R COTTERILL

Phone

3174574300

Tax Period

2024-01-01 to 2024-12-31

UNITE INDY INC, founded in 2017, is a small nonprofit in the Religion sector that reported $975K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

UNITE INDY, INC. DBA 2ND CHANCE INDIANA REDUCES RECIDIVISM AND REBUILDS LIVES THROUGH THE DIGNITY OF WORK.

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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 $974,063

Program Service Revenue $0

Investment Income $1,001

Other Revenue $0

TOTAL REVENUE $975,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,030

Fundraising Expenses $0

Program Expenses $912,152

Other Expenses $646,084

TOTAL EXPENSES $954,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$975,064	$1,600,514	-0.4%
Expenses	$954,114	$1,477,463	-0.4%
Net Income	$20,950	$123,051	-0.8%

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

N/A

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

$120,832

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SMITH	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAMES COTTERILL	PRESIDENT	60.00	Officer Director	$0	$0	$0
MICHAEL HOYT	SECRETARY	2.00	Officer Director	$0	$0	$0
NANCY COTERRILL	EXECUTIVE VICE PRESIDENT	40.00	Officer	$62,916	$0	$62,916
ROBERT WHITING	VICE PRESIDENT	40.00	Officer	$57,916	$0	$57,916

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	$975,064	$954,114	$554,983	$20,950
2023	$1,600,514	$1,477,463	$631,203	$123,051
2022	$1,073,217	$1,022,281	$749,735	$50,936
2021	$207,821	$216,477	$39,549	$-8,656
2020	$138,599	$149,219	$12,067	$-10,620
2019	$144,744	$150,451	$11,095	$-5,707
2018	$144,173	$157,809	$7,056	$-13,636

UNITE INDY INC