INDIANA LIFELONG LEARNING PROJECTS INC (EIN 923489118) - 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

2023

Legal Domicile

Principal Officer

LATOYA ALEXANDER BOTTERON

Phone

3175324802

Tax Period

2024-01-01 to 2024-12-31

INDIANA LIFELONG LEARNING PROJECTS INC, founded in 2023, is a small nonprofit in the Education sector that reported $251K in total revenue in fiscal year 2024. The organization ran a surplus of $204K, a strong 81% operating margin.

Mission

INDIANA LIFELONG LEARNING PROJECTS, INC. (ILLP) WAS FOUNDED IN 2023 TO HELP COORDINATE AND ENCOURAGE CERTAIN PROJECTS AND EFFORTS OF ORGANIZATIONS THAT FOCUS ON ADVANCING THE EDUCATION OF YOUTH AND ADULTS IN INDIANA FROM EARLY CHILDHOOD THROUGH POSTGRADUATE LEVELS AND LIFELONG LEARNING, INCLUDING WORKFORCE DEVELOPMENT 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 $250,000

Program Service Revenue $0

Investment Income $1,320

Other Revenue $0

TOTAL REVENUE $251,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,586

Other Expenses $47,638

TOTAL EXPENSES $47,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$251,320	N/A	N/A
Expenses	$47,638	N/A	N/A
Net Income	$203,682	$0	N/A

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

N/A

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

$2,115,963

Total Directors

$2,115,963

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LATOYA ALEXANDER BOTTERON	CHAIR	1.00	Officer Director	$0	$70,249	$555,649
KENT KRAMER	VICE CHAIR	1.00	Officer Director	$0	$65,593	$810,146
MAUREEN WEBER	TREASURER	1.00	Officer Director	$0	$54,077	$401,600
DENNIS BLAND	SECRETARY	1.00	Officer Director	$0	$22,517	$348,568

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	$251,320	$47,638	$215,844	$203,682

INDIANA LIFELONG LEARNING PROJECTS INC