INDIANA VETERAN INITIATIVE 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

2020

Legal Domicile

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

PARTNERING WITH VETERANS, THEIR FAMILIES, INDIANA EMPLOYERS, AND COMMUNITIES TO FACILITATE A MEANINGFUL TRANSITION TO CIVILIAN LIFE WHILE STRENGTHENING INDIANA'S ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $1,715,689

PUBLIC EDUCATION AND PROGRAMMING INCLUDING RESOURCES SUCH AS INFORMATION ABOUT FINANCIAL INCENTIVES, CAREER PLANNING, EDUCATION AND TRAINING.

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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 $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

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

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

$205,297

Total Directors

Key Employees

Highest Compensated

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