EMPLOYERS' FORUM OF INDIANA INC

EIN: 852350404 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$693,180
Total Expenses
$1,176,202
Total Assets
$1,026,691
Net Assets
$998,679
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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
DAVID KELLEHER
Phone
8123908964
Tax Period
2024-01-01 to 2024-12-31

EMPLOYERS' FORUM OF INDIANA INC, founded in 2020, is a small nonprofit in the Health Care sector that reported $693K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 70% operating deficit.

Mission

TO IMPROVE THE VALUE RECEIVED BY EMPLOYERS AND PATIENTS FOR THEIR HEALTH CARE EXPENDITURES. VALUE CONSIDERATIONS INCLUDES PRICE, QUALITY, EMPLOYEE SATISFACTION AND UTILIZATION.

Program Service Accomplishments

Program 1
Expenses: $138,833 Revenue: $374,538

IN 2024, THE EMPLOYERS FORUM OF INDIANA (EFI) HOSTED 4 ALL-STAKEHOLDER MEETINGS DISCUSSING VARIOUS HEALTH CARE TOPICS AND ISSUES. ALL-STAKEHOLDER MEETING MATERIALS ARE FREELY AND PUBLICLY AVAILABLE...

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IN 2024, THE EMPLOYERS FORUM OF INDIANA (EFI) HOSTED 4 ALL-STAKEHOLDER MEETINGS DISCUSSING VARIOUS HEALTH CARE TOPICS AND ISSUES. ALL-STAKEHOLDER MEETING MATERIALS ARE FREELY AND PUBLICLY AVAILABLE ON THE EFI WEBSITE. EFI ALSO HOSTED 2 EMPLOYER-ONLY MEETINGS TO DISCUSS TOP OF MIND HEALTHCARE RELATED ISSUES.

Program 2
Expenses: $136,064 Revenue: $50,500

IN MAY OF 2024, EFI HOSTED A FREE NATIONAL PRICE TRANSPARENCY CONFERENCE WITH OVER 500 ATTENDEES NATIONWIDE, TO LAUNCH THE RESULTS OF THE 5TG ROUND OF THE RAND NATIONAL HOSPITAL PRICE TRANSPARENCY...

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IN MAY OF 2024, EFI HOSTED A FREE NATIONAL PRICE TRANSPARENCY CONFERENCE WITH OVER 500 ATTENDEES NATIONWIDE, TO LAUNCH THE RESULTS OF THE 5TG ROUND OF THE RAND NATIONAL HOSPITAL PRICE TRANSPARENCY CONFERENCE AND SAGE TRANSPARENCY 2.0. CONFERENCE MATERIALS ARE FREELY AND PUBLICLY AVAILABLE ON THE EFI WEBSITE.

Program 3
Expenses: $745,692 Revenue: $218,076

IN MAY OF 2024, EFI LAUNCHED SAGE TRANSPARENCY 2.0 (ST). ST 2.0 IS A FREE, PUBLICLY AVAILABLE AND CUSTOMIZABLE DASHBOARD WHERE USERS CAN COMPAARE PRICE, COST, AND QUALITY INFORMATION FOR OVER 4,000...

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IN MAY OF 2024, EFI LAUNCHED SAGE TRANSPARENCY 2.0 (ST). ST 2.0 IS A FREE, PUBLICLY AVAILABLE AND CUSTOMIZABLE DASHBOARD WHERE USERS CAN COMPAARE PRICE, COST, AND QUALITY INFORMATION FOR OVER 4,000 HOSPITALS NATIONWIDE FROM 5 DIFFERENT DATA SOURCES, PLUS PRICE DATE FOR OVER 2,000 ASCS. EFI ALSO MADE ENHANCEMENTS TO THE TOOL, MAKING ST 2.0 MORE USER FRIENDLY AND PROVIDING A "LEGISLATOR- AND "MEDS" DASHBOARD TO PROVIDE ADDITIONAL FREE AND PUBLIC DATA. EFI LEADERSHIP GAVE NUMEROUS NATIONAL PRESENTATIONS TO DISCUSS AND EMO SAGE TRANSPARENCY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $644,033
Program Service Revenue $0
Investment Income $49,147
Other Revenue $0
TOTAL REVENUE $693,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $380,161
Fundraising Expenses $0
Program Expenses $1,020,589
Other Expenses $796,041
TOTAL EXPENSES $1,176,202

Year-over-Year Comparison

2024 2023 Change
Revenue $693,180 $1,214,861 -0.4%
Expenses $1,176,202 $921,258 +0.3%
Net Income $-483,022 $293,603 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
3

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
2
$10,000
Total Directors
1
$5,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLORIA SACHDEV PRESIDENT 40.00
$292,167 $0 $292,167
DAVID KELLEHER OFFICER/BOAR 10.00
Officer Director
$5,000 $0 $5,000
CHRISTAN ROYER BOARD MEMBER 10.00
Officer
$5,000 $0 $5,000
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 $693,180 $1,176,202 $1,026,691 $-483,022
2023 $1,214,861 $921,258 $1,503,317 $293,603
2022 $1,379,630 $1,020,111 $1,190,436 $359,519
2021 $1,022,300 $464,418 $830,360 $557,882
2020 $459,817 $189,120 $271,798 $270,697
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