INDY FOUNDATION (EIN 822837628) - 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

2018

Legal Domicile

Principal Officer

KAYLA STRAND KEENAN

Phone

3202907485

Tax Period

2023-01-01 to 2023-12-31

INDY FOUNDATION, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $323K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 56% operating margin.

Mission

OUR PURPOSE IS TO PROVIDE LOVE, FAITH AND FINANCIAL SUPPORT BY DIRECTLY SUPPORTING MINNESOTA'S CANCER WARRIORS AND THEIR FAMILIES VERSE THE BATTLE AT HAND.

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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 $114,464

Program Service Revenue $0

Investment Income $1,961

Other Revenue $206,375

TOTAL REVENUE $322,800

Expense Breakdown

Grants Paid $40,155

Salaries & Benefits $11,000

Fundraising Expenses $1,691

Program Expenses $133,585

Other Expenses $90,888

TOTAL EXPENSES $142,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,800	$216,323	+0.5%
Expenses	$142,043	$147,431	0.0%
Net Income	$180,757	$68,892	+1.6%

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

100

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

$11,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY STUDENSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
BRI KNOWLES	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN BARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY SALZBRUN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAYLA STRAND	PRESIDENT	10.00	Officer	$11,000	$0	$11,000
TRINA PEETERS	TREASURER	1.00	Officer	$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	$322,800	$142,043	$391,623	$180,757
2022	$216,323	$147,431	$211,001	$68,892

INDY FOUNDATION