Economic Club of Indiana Inc
Nonprofit profile at a glance
- EIN
- 237381408
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3176362020
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Adult, Continuing Education
Reported finances
- Revenue
- $693,241
- Expenses
- $804,733
- Assets
- $624,171
- Liabilities
- $44,181
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- Jeffrey Harrison (Immediate Past President)
- Lisa Harris (President)
- Melina Kennedy (Vice President (From)
People named in this filing
- Gina Miller (Treasurer (Beginning 12/24))
- Jeffrey Harrison (Immediate Past President)
- John Mead (Program Committee Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a forum for central Indiana's current and emerging leaders to be challenged by extraordinary speakers and engaged collectively in advancing great ideas for the common good.
What it reported doing in 2024
For over 50 years, the economic club of Indiana has been Indiana's most important forum for discussion of intriguing public issues by state, national and international leaders. Each year, the club maintains the same high level of quality in its speakers. Full membership and season tickets are available.
Operating model
- Revenue model
- Donor-supported. 75% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 100
- Accountability: 82
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.2%; rating input score 90
- Program expense ratio: 77.7%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.1%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 0.8% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 90.2% of revenue deployed · 77.7% of spending went to programs
- Governance: 18 of 18 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $625K in reported program spending
- Leadership: top reported pay $0 · 20 people listed
- Highest-paid contractors: 3 contractors listed · $532K reported
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 12/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.