INDY CHAMPIONSHIPS FUND INC

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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

DAVID LEWIS

Phone

3172375000

Tax Period

2024-01-01 to 2024-10-17

INDY CHAMPIONSHIPS FUND INC, founded in 2017, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $9.1M exceeded revenue, resulting in a 480% operating deficit.

Mission

PROMOTE THE COMMON BUSINESS INTERESTS, GROWTH, OPPORTUNITY, AND THE GENERAL ECONOMIC WELFARE FOR INDIANAPOLIS-AREA BUSINESSES BY ATTRACTING AND HOSTING PROFESSIONAL AND AMATEUR SPORTS CHAMPIONSHIP GAMES, TOURNAMENTS, AND/OR COMPETITIONS, AND OTHER EXTRAORDINARY EVENTS OR CONVENTIONS IN AND AROUND THE CITY.

Program Service Accomplishments

Program 1

SECURING DONOR MEMBERS TO SUPPORT THE EFFORT TO ATTRACT AND HOST VARIOUS EVENTS INCLUDING AMONG OTHERS THE 2022 COLLEGE FOOTBALL CHAMPIONSHIP GAME AND THE 2024 NBA ALL-STAR GAME. ACTIVITIES OF THIS...

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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 $1,461,764

Program Service Revenue $0

Investment Income $105,178

Other Revenue $0

TOTAL REVENUE $1,566,942

Expense Breakdown

Grants Paid $8,722,798

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $366,790

TOTAL EXPENSES $9,089,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,566,942	$1,656,220	-0.1%
Expenses	$9,089,588	$2,047,105	+3.4%
Net Income	$-7,522,646	$-390,885	+18.2%

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

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
CARLIE IRSAY-GORDON	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JOHN LECHLEITER	CO-CHAIR	2.00	Officer Director	$0	$0	$0
DAVID LEWIS	PRESIDENT	10.00	Officer Director	$0	$0	$0
CATHY LANGHAM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DERRICK BURKS	TREASURER	2.00	Officer Director	$0	$0	$0
RAFAEL SANCHEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BROWNING	DIRECTOR	2.00	Director	$0	$0	$0
RICK FUSON	DIRECTOR	2.00	Director	$0	$0	$0
EARL GOODE	DIRECTOR	2.00	Director	$0	$0	$0
MARK HOWELL	DIRECTOR	2.00	Director	$0	$0	$0
MARK MILES	DIRECTOR	2.00	Director	$0	$0	$0
RYAN VAUGHN	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN BAUGHMAN	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT DORSEY	DIRECTOR	2.00	Director	$0	$0	$0
MARK EMMERT	DIRECTOR	2.00	Director	$0	$0	$0
MEL RAINES	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SIMON	DIRECTOR	2.00	Director	$0	$0	$0
JEFF SMULYAN	DIRECTOR	2.00	Director	$0	$0	$0
PETE WARD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN GALLINA	DIRECTOR	2.00	Director	$0	$0	$0
TAYLOR SCHAFFER	DIRECTOR	2.00	Director	$0	$0	$0
JEFF HARRISON	DIRECTOR	2.00	Director	$0	$0	$0
JIM MORRIS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN NALLI	DIRECTOR	2.00	Director	$0	$0	$0
RON STIVER	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	$1,566,942	$9,089,588	No data	$-7,522,646
2023	$1,656,220	$2,047,105	$7,522,646	$-390,885
2022	$4,417,167	$3,373,936	$7,913,531	$1,043,231
2021	$5,470,881	$8,184,614	$6,870,300	$-2,713,733
2020	$4,318,519	$1,424,135	$9,584,033	$2,894,384
2019	$4,602,375	$760,301	$6,689,649	$3,842,074
2018	$2,975,507	$127,932	$2,847,575	$2,847,575