INDY CRITERIUM INC

EIN: 820636610 501(c)(3) Recreation & Sports

INDIANAPOLIS, IN

Total Revenue
$355,946
Total Expenses
$321,312
Total Assets
$78,109
Net Assets
$56,827
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IN
Principal Officer
JENNIFER CVAR
Phone
3174590059
Tax Period
2025-01-01 to 2025-12-31

INDY CRITERIUM INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $356K in total revenue in fiscal year 2025. Expenses of $321K left a modest 10% surplus.

Mission

TO POSITIVELY IMPACT INDIANAPOLIS AND THE CENTRAL INDIANA COMMUNITY BY ORGANIZING, MANAGING, DIRECTING OR OPERATING HIGH QUALITY BICYCLE EVENTS AND FESTIVALS. TO BE INVOLVED WITH OTHER EVENTS THAT PROMOTE URBAN EDUCATION, SPORT, AND HEALTHY LIFESTYLES, AND UTILIZING THE PROCEEDS FROM SUCH EVENTS TO ASSIST OTHER CHARITIES WHO SERVE TO IMPROVE CENTRAL INDIANA AND THE INDIANAPOLIS COMMUNITY, INCLUDING CHARITIES SERVING YOUTH WITH MENTORING, HEALTH, OR PHYSICAL FITNESS PROGRAMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $209,008
Program Service Revenue $144,202
Investment Income $2,736
Other Revenue $0
TOTAL REVENUE $355,946

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,015
Fundraising Expenses $0
Program Expenses $306,459
Other Expenses $270,297
TOTAL EXPENSES $321,312

Year-over-Year Comparison

2025 2024 Change
Revenue $355,946 $353,385 +0.0%
Expenses $321,312 $364,349 -0.1%
Net Income $34,634 $-10,964 -4.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
200

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
$32,083
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER CVAR EXECUTIVE DI 40.00
Officer
$32,083 $0 $32,083
CHRIS BOARDMAN PRESIDENT 2.00
Officer
$0 $0 $0
PATRICK FLANAGAN SECRETARY 2.00
Officer
$0 $0 $0
ABEL BARRERA DURAN VICE PRESIDE 2.00
Officer
$0 $0 $0
MICHAEL GOLDENBERG TREASURER 2.00
Officer
$0 $0 $0
DREW BLAIR BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT LAZARD BOARD MEMBER 1.00
Director
$0 $0 $0
CHEMEN NEAL BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER PERDUE BOARD MEMBER 1.00
Director
$0 $0 $0
QUINCEY SAUER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY YUSKA BOARD MEMBER 1.00
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 $355,946 $321,312 $78,109 $34,634
2024 $353,385 $364,349 $32,357 $-10,964
2023 $357,091 $369,008 $27,022 $-11,917
2022 $361,259 $359,206 $37,881 $2,053
2021 $193,061 $182,676 $37,021 $10,385
2019 $176,207 $159,778 $36,453 $16,429
2018 $121,265 $124,136 $20,024 $-2,871
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