Northwest Indiana Regional Growth Fund Inc
Nonprofit profile at a glance
- EIN
- 331534454
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Valparaiso, IN, USA
- Phone
- 2194760504
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Economic Development
Reported finances
- Revenue
- $121,000
- Expenses
- $50,412
- Assets
- $70,807
- Liabilities
- $219
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- DALE CLAPP (CHAIR)
- SHERRI ZILLER (VICE CHAIR)
- MICHAEL SCHNEIDER (TREASURER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the economic welfare in the seven counties of northwest Indiana by increasing access to flexible, affordable capital, and financial solutions that advance economic opportunities for underserved communities in the region.
What it reported doing in 2024
The organization lend money to projects in underserved and rural communities to create an economic impact and drive job creation in seven counties of northwest Indiana.
Operating model
- Revenue model
- Donor-supported. 100% 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 29
- Transparency & Controls: 100
- Sustainability: 78
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.6%; rating input score 19
- Program expense ratio: 44.6%; rating input score 45
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: 58.3%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 1.4; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 18.6% of revenue deployed · 44.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $22K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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 19/100.
- Moderate — Financial Efficiency: Program expense ratio scored 45/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.