INDIANA CITIZEN EDUCATION FOUNDATION INC (EIN 821044457) - 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

WILLIAM MOREAU

Phone

3173701505

Tax Period

2023-01-01 to 2023-12-31

INDIANA CITIZEN EDUCATION FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $147K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 63% operating deficit.

Mission

ENCOURAGE CIVIC ENGAGEMENT AND PARTICIPATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $146,851

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $146,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,000

Program Expenses $231,425

Other Expenses $239,872

TOTAL EXPENSES $239,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,851	$258,778	-0.4%
Expenses	$239,872	$178,668	+0.3%
Net Income	$-93,021	$80,110	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MOREAU	PRESIDENT	25.00	Officer Director	$0	$0	$0
JEANNE KELSAY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSSELL COX	SECRETARY	2.00	Officer Director	$0	$0	$0
ANN MOREAU	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL GOLDENBERG	DIRECTOR	2.00	Director	$0	$0	$0
ALAN MILLS	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$146,851	$239,872	$26,339	$-93,021
2022	$258,778	$178,668	$119,360	$80,110
2021	$268,429	$313,342	$39,250	$-44,913
2020	$520,411	$629,637	$84,163	$-109,226
2019	$243,757	$127,100	$181,345	$116,657

INDIANA CITIZEN EDUCATION FOUNDATION INC