INDIANA TECHNOLOGY & INNOVATION AS… - Form 990 Financial Data

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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

DAVID BECKER

Phone

3173453316

Tax Period

2024-01-01 to 2024-12-31

INDIANA TECHNOLOGY & INNOVATION ASSOCIATION INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $163K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $147K left a modest 9% surplus.

Mission

THE COMPANY WAS ORGANIZED TO PROMOTE THE COMMON BUSINESS INTERESTS AND IMPROVE THE BUSINESS CONDITIONS AND PRACTICES OF TECHNOLOGY-DRIVEN COMPANIES AND THE TECHNOLOGY BUSINESS COMMUNITY. THE CORPORATION WILL CONDUCT MEETINGS AND COMMUNICATIONS TO DEVELOP PUBLIC POLICY.

Program Service Accomplishments

Program 1

ITIA WORKED WITH TECHNOLOGY COMPANY EXECUTIVES TO DEVELOP AND ADVANCE A STATE PUBLIC POLICY AGENDA, BASED ON THE TOPICS OF CAPITAL, TALENT AND PLACE, THAT WILL STRENGTHEN INDIANA'S TECHNOLOGY...

ITIA WORKED WITH TECHNOLOGY COMPANY EXECUTIVES TO DEVELOP AND ADVANCE A STATE PUBLIC POLICY AGENDA, BASED ON THE TOPICS OF CAPITAL, TALENT AND PLACE, THAT WILL STRENGTHEN INDIANA'S TECHNOLOGY INDUSTRY.

Program 2

Expenses: $147,421 Revenue: $162,894

ITIA HOSTED A NUMBER OF EVENTS INCLUDING AN ALL MEMBER MEETING THAT BROUGHT TOGETHER TECHNOLOGY LEADERS FROM ACROSS THE STATE TO DISCUSS ISSUES FACING THE TECHNOLOGY INDUSTRY, BARRIERS TO GROWTH AND PRIORITIES TO FUEL TECHNOLOGY JOB GROWTH AND INNOVATION. ITIA ALSO PARTNERED WITH OTHER TECH-FOCUSED ORGANIZATIONS ON A LEGISLATIVE UPDATE EVENT THAT PROVIDED TECH LEADERS AN OPPORTUNITY TO MEET WITH STATE LEGISLATORS AND EXECUTIVE BRANCH DECISION MAKERS. ADDITIONALLY, ITIA HELD SEVERAL EVENTS IN DIFFERENT REGIONS OF THE STATE TO ENGAGE AND CONNECT LOCAL TECH LEADERS, AND UPDATE THEM ON PUBLIC POLICY AND ISSUES IMPACTING THE INDUSTRY.

Program 3

ITIA PROVIDED WEEKLY EMAIL COMMUNICATIONS TO TECH LEADERS WITH UPDATES ON NEWS IMPACTING THE TECH INDUSTRY AND OPPORTUNITIES TO ENGAGE WITH STATE LEADERS.

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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 $162,894

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $162,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,421

Other Expenses $147,421

TOTAL EXPENSES $147,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,894	$147,191	+0.1%
Expenses	$147,421	$136,182	+0.1%
Net Income	$15,473	$11,009	+0.4%

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
DAVID BECKER	CHAIR/DIRECTOR	5.00	Officer Director	$0	$0	$0
AMY WAGGONER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER DAY	DIRECTOR	1.00	Director	$0	$0	$0
BRENT OAKLEY	SECRETARY AND DIRECTOR	5.00	Officer Director	$0	$0	$0
JOHN WECHSLER	VICE CHAIR AND DIREC	5.00	Officer Director	$0	$0	$0
MEGAN GLOVER	DIRECTOR	1.00	Director	$0	$0	$0
PAT EAST	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY KLINGERMAN	TREASURER AND DIRECTOR	5.00	Officer Director	$0	$0	$0
KRISTIN MARCUCCILLI	DIRECTOR	1.00	Director	$0	$0	$0
BILL SOARDS	DIRECTOR	1.00	Director	$0	$0	$0
TED BAKER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HALBIG	DIRECTOR	1.00	Director	$0	$0	$0
ERIN EBERLY	DIRECTOR	1.00	Director	$0	$0	$0
TING GOOTEE	DIRECTOR	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	No data	No data	No data	No data
2024	$162,894	$147,421	$117,794	$15,473
2023	$147,191	$136,182	$102,321	$11,009
2022	$163,190	$131,204	$91,312	$31,986
2021	$94,700	$125,566	$59,326	$-30,866
2020	$186,018	$152,872	$90,192	$33,146
2019	$141,412	$127,366	$57,046	$14,046
2018	$43,000	No data	$43,000	No data

INDIANA TECHNOLOGY & INNOVATION ASSOCIATION INC