Indiana Heritage Arts Inc

Nonprofit profile at a glance

EIN
351458179
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025, Form 990-T 2025
Location
Nashville, IN, USA
Phone
8129884609
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Reported finances

Revenue
$109,297
Expenses
$101,102
Assets
$208,525
Liabilities
$240

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • LYN LETSINGER-MILLER (VICE PRESIDENT AND DIRECTOR)
  • MARK WILLIAMS (PRESIDENT AND DIRECTOR)

People named in this filing

  • RICK KELLEY (DIRECTOR)
  • JIM ROSS (EXHIBITION CHAIR AND DIRECTOR)
  • LYN LETSINGER-MILLER (VICE PRESIDENT AND DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Preserve heritage style painting techniq

What it reported doing in 2025

Support juried art show for adults, and jr. And sr. High school students. Provide grants. Sponsor workshops and painting demonstrations. Acquire art for public display.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 88% 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

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 28
  • Transparency & Controls: 100
  • Sustainability: 60
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 24.7%; rating input score 25
  • Program expense ratio: 31.7%; rating input score 32

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 7.5%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 2.06; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 21.3% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 24.7% of revenue deployed · 31.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2025
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 25/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 32/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.