Indiana Sports Corp
Legal name: Indiana Sports Corporation
Nonprofit profile at a glance
- EIN
- 310975117
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3172375000
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Amateur Sports Competitions
Reported finances
- Revenue
- $36,161,678
- Expenses
- $30,314,695
- Assets
- $39,664,509
- Liabilities
- $8,459,822
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
60 people listed
Executive titles in this filing
- PATRICK TALTY (PRESIDENT)
- JEFFREY HINTZ (VICE PRESIDENT, INNOVATION)
Highest reported compensation
- PATRICK TALTY (PRESIDENT): $448,239 total reported compensation
- JEFFREY HINTZ (VICE PRESIDENT, INNOVATION): $221,551 total reported compensation
- MICHAEL KARNUTA (CHIEF DEVELOPMENT OFFICER): $201,564 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We build a stronger community through sport.
What it reported doing in 2024
Indy classic - college men's basketball tournament
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 98% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.3%; rating input score 75
- Program expense ratio: 88.5%; rating input score 89
- Fundraising efficiency: $19.24 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 3rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 69.4%; rating input score 69; 14th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.2%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.31; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 5.2%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 15.5% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 14.7% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 69th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 75.3% of revenue deployed · 88.5% of spending went to programs
- Governance: 52 of 52 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $26.8M in reported program spending
- Leadership: top reported pay $448K · 60 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $7.6M reported
- Consistency: 39 of 41 current checks pass · 2 findings to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 27 filed money-flow records
- Related organizations: 22 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 56/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.