INDIANA DESTINATION DEVELOPMENT FOUNDATION INC (EIN 851643464) - 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

2020

Legal Domicile

Principal Officer

ELAINE BEDEL

Phone

3172362167

Tax Period

2023-01-01 to 2023-12-31

INDIANA DESTINATION DEVELOPMENT FOUNDATION INC, founded in 2020, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $528K, a strong 43% operating margin.

Mission

PROMOTING INDIANA'S QUALITY OF LIFE AND PLACE TO RAISE THE PERCEPTION OF INDIANA AS A PLACE TO LIVE, WORK, LEARN AND PLAY.

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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 $117,500

Program Service Revenue $1,103,118

Investment Income $0

Other Revenue $8,007

TOTAL REVENUE $1,228,625

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $2,323

Fundraising Expenses $0

Program Expenses $701,091

Other Expenses $697,518

TOTAL EXPENSES $701,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,625	$783,615	+0.6%
Expenses	$701,091	$241,101	+1.9%
Net Income	$527,534	$542,514	0.0%

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
BERNICE HELMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
DANA MORE	BOARD MEMBER	4.00	Director	$0	$0	$0
JEFF MCCABE	BOARD MEMBER	4.00	Director	$0	$0	$0
JUDITH THOMAS	BOARD MEMBER	4.00	Director	$0	$0	$0
MARIO RODRIGUEZ	BOARD MEMBER	4.00	Director	$0	$0	$0
SHENITA BOLTON	BOARD MEMBER	4.00	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	No data	No data	No data	No data
2023	$1,228,625	$701,091	$1,376,201	$527,534
2022	$783,615	$241,101	$820,118	$542,514
2021	$587,434	$29,525	$557,909	$557,909

INDIANA DESTINATION DEVELOPMENT FOUNDATION INC