INDIANA VETERAN INITIATIVE INC

EIN: 844985136 501(c)(3) Public & Societal Benefit

INDIANAPOLIS, IN

Total Revenue
$2,334,119
Total Expenses
$2,258,289
Total Assets
$776,164
Net Assets
$354,192
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IN
Principal Officer
SARAH HARRISON
Phone
3175594011
Tax Period
2024-07-01 to 2025-06-30

INDIANA VETERAN INITIATIVE INC, founded in 2020, is a community nonprofit in the Public & Societal Benefit sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 3% surplus.

Mission

INVETS IS AN ORGANIZATION THAT HELPS TRANSITIONING SERVICE MEMBERS, VETERANS AND THEIR FAMILIES CONNECT WITH CAREERS, RESOURCES AND COMMUNITIES IN INDIANA. RESOURCES INCLUDING INFORMATION ABOUT FINANCIAL INCENTIVES, CAREER PLANNING, EDUCATION, AND TRAINING ARE OFFERED TO HELP VETERANS AND FAMILIES TRANSITION TO THE CIVILIAN WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,327,266
Program Service Revenue $0
Investment Income $6,853
Other Revenue $0
TOTAL REVENUE $2,334,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,283,544
Fundraising Expenses $70,257
Program Expenses $1,715,689
Other Expenses $974,745
TOTAL EXPENSES $2,258,289

Year-over-Year Comparison

2024 2023 Change
Revenue $2,334,119 $1,813,831 +0.3%
Expenses $2,258,289 $1,762,416 +0.3%
Net Income $75,830 $51,415 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
21
Volunteers
14

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
6
$205,297
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARVIN BLADE CHAIR 1.00
Officer Director
$0 $0 $0
KRISTAL PAINTER VICE CHAIR 1.00
Officer Director
$0 $0 $0
LUIS AJU TREASURER 1.00
Officer Director
$0 $0 $0
LEE LEWELLEN SECRETARY 1.00
Officer Director
$0 $0 $0
ANNE VALENTINE BOARD MEMBER 1.00
Director
$0 $0 $0
NICK DARRAH BOARD MEMBER 1.00
Director
$0 $0 $0
FIORELLA GAMBETTA-GIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
HEATHER ENNIS BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY FRIEND BOARD MEMBER AS OF 12/24 1.00
Director
$0 $0 $0
AMY HOWELL BOARD MEMBER AS OF 4/25 1.00
Director
$0 $0 $0
KEVIN PAVNICA BOARD MEMBER AS OF 4/25 1.00
Director
$0 $0 $0
DAVID DOUGLASS BOARD MEMBER THRU 04/25 1.00
Director
$0 $0 $0
ELAINE BEDEL BOARD MEMBER THRU 04/25 1.00
Director
$0 $0 $0
DENNIS WIMER BOARD MEMBER THRU 01/25 1.00
Director
$0 $0 $0
BLAINE ZIMMERMAN CEO THRU 8/9/24 40.00
Officer
$76,833 $2,824 $79,657
SARAH HARRISON CEO 40.00
Officer
$115,585 $10,055 $125,640
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 $2,334,119 $2,258,289 $776,164 $75,830
2024 $1,813,831 $1,762,416 $767,813 $51,415
2023 $1,209,321 $1,185,575 $606,680 $23,746
2022 $1,163,938 $928,360 $613,989 $235,578
2021 $373,684 $460,680 $249,992 $-86,996
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