Civic Intelligence

Indiana Bankers Association Inc

EIN 35-0407470 • 501(c)6 • Indianapolis, IN

Profile

To provide advocacy, quality education, and knowledge-sharing to indiana's banking industry.

8425 Woodfield Crossing 155EIndianapolis, IN 46240-9380

www.indiana.bank

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

66th percentile

0.33x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.04x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

86th percentile

21%

Higher net margin than 86% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$508,992

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

63rd percentile

8.7%

Faster asset growth than 63% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$7,022,344

Up $560,516 (+8.7%) from 2023

Liabilities

Down

$2,317,919

Down $191,623 (-7.6%) from 2023

Net Assets

Up

$4,704,425

Up $752,139 (+19%) from 2023

Revenue

Up

$2,228,790

Up $228,276 (+11%) from 2023

Expenses

Down

$1,751,949

Down $81,412 (-4.4%) from 2023

Net Income

Up

$476,841

Up $309,688 (+185%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $3,885,741Liabilities 2010: $725,548Net Assets 2010: $3,160,1932010Assets 2011: $3,889,027Liabilities 2011: $716,317Net Assets 2011: $3,172,7102011Assets 2012: $3,866,657Liabilities 2012: $768,275Net Assets 2012: $3,098,3822012Assets 2013: $4,024,640Liabilities 2013: $728,391Net Assets 2013: $3,296,2492013Assets 2014: $4,270,032Liabilities 2014: $884,792Net Assets 2014: $3,385,2402014Assets 2015: $4,260,309Liabilities 2015: $848,332Net Assets 2015: $3,411,9772015Assets 2016: $4,477,895Liabilities 2016: $1,133,860Net Assets 2016: $3,344,0352016Assets 2017: $4,595,428Liabilities 2017: $875,981Net Assets 2017: $3,719,4472017Assets 2018: $4,733,686Liabilities 2018: $1,207,670Net Assets 2018: $3,526,0162018Assets 2019: $4,962,775Liabilities 2019: $931,679Net Assets 2019: $4,031,0962019Assets 2020: $5,276,010Liabilities 2020: $1,042,029Net Assets 2020: $4,233,9812020Assets 2021: $6,046,982Liabilities 2021: $1,219,236Net Assets 2021: $4,827,7462021Assets 2022: $6,670,882Liabilities 2022: $2,651,253Net Assets 2022: $4,019,6292022Assets 2023: $6,461,828Liabilities 2023: $2,509,542Net Assets 2023: $3,952,2862023Assets 2024: $7,022,344Liabilities 2024: $2,317,919Net Assets 2024: $4,704,4252024

Highlighted filing

2024

Assets$7,022,344
Liabilities$2,317,919
Net Assets$4,704,425

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,532,2212010Expenses 2011: $1,594,0482011Expenses 2012: $1,829,6642012Revenue 2013: $1,741,249Expenses 2013: $1,543,382Net Income 2013: $197,8672013Revenue 2014: $1,787,042Expenses 2014: $1,698,051Net Income 2014: $88,9912014Revenue 2015: $1,883,584Expenses 2015: $1,745,917Net Income 2015: $137,6672015Revenue 2016: $1,914,384Expenses 2016: $2,071,803Net Income 2016: -$157,4192016Revenue 2017: $1,858,351Expenses 2017: $1,728,508Net Income 2017: $129,8432017Revenue 2018: $1,910,695Expenses 2018: $1,917,345Net Income 2018: -$6,6502018Revenue 2019: $2,008,072Expenses 2019: $2,042,893Net Income 2019: -$34,8212019Revenue 2020: $2,077,704Expenses 2020: $2,110,208Net Income 2020: -$32,5042020Revenue 2021: $2,054,584Expenses 2021: $1,922,681Net Income 2021: $131,9032021Revenue 2022: $2,288,214Expenses 2022: $2,624,612Net Income 2022: -$336,3982022Revenue 2023: $2,000,514Expenses 2023: $1,833,361Net Income 2023: $167,1532023Revenue 2024: $2,228,790Expenses 2024: $1,751,949Net Income 2024: $476,8412024

Highlighted filing

2024

Revenue$2,228,790
Expenses$1,751,949
Net Income$476,841

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.02$2.32$4.70$2.23$1.75$0.48
2023Detailed filing. Detailed filing data is available for this year.$6.46$2.51$3.95$2.00$1.83$0.17
2022Detailed filing. Detailed filing data is available for this year.$6.67$2.65$4.02$2.29$2.62$0.34
2021Detailed filing. Detailed filing data is available for this year.$6.05$1.22$4.83$2.05$1.92$0.13
2020Detailed filing. Detailed filing data is available for this year.$5.28$1.04$4.23$2.08$2.11$0.03
2019Detailed filing. Detailed filing data is available for this year.$4.96$0.93$4.03$2.01$2.04$0.03
2018Detailed filing. Detailed filing data is available for this year.$4.73$1.21$3.53$1.91$1.92$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.60$0.88$3.72$1.86$1.73$0.13
2016Detailed filing. Detailed filing data is available for this year.$4.48$1.13$3.34$1.91$2.07$0.16
2015Detailed filing. Detailed filing data is available for this year.$4.26$0.85$3.41$1.88$1.75$0.14
2014Detailed filing. Detailed filing data is available for this year.$4.27$0.88$3.39$1.79$1.70$0.09
2013Detailed filing. Detailed filing data is available for this year.$4.02$0.73$3.30$1.74$1.54$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$0.77$3.10$1.83
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.72$3.17$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.73$3.16$1.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 21, 2025
Return Version
2024v5.2
Gross Receipts
$2,257,411
Mission and Program Overview

Mission

To provide advocacy,quality education, and knowledge-sharing to indiana's banking industry.

To provide advocacy, quality education, and knowledge-sharing to indiana's banking industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,768,548$2,949,601▲ $181,053
Cash and Non-Interest-Bearing Accounts$67,075$191,528▲ $124,453
Land, Buildings, and Equipment, Net$146,791$163,264▲ $16,473
Prepaid Expenses and Deferred Charges$50,475$90,656▲ $40,181
Accounts Receivable$73,255$26,349▼ $46,906
Other Notes and Loans Receivable, Net$9,000$0▼ $9,000
Savings and Temporary Cash Investments$1$1→ $0
Total Assets$6,461,828$7,022,344▲ $560,516
Other Assets Total$3,346,683$3,600,945▲ $254,262
Liabilities
Deferred Revenue$982,798$1,082,701▲ $99,903
Other Liabilities$1,319,621$1,021,764▼ $297,857
Accounts Payable and Accrued Expenses$207,123$213,454▲ $6,331
Total Liabilities$2,509,542$2,317,919▼ $191,623
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,952,286$4,704,425▲ $752,139
Total Net Assets Fund Balance$3,952,286$4,704,425▲ $752,139
Total Liabilities and Net Assets / Fund Balance$6,461,828$7,022,344▲ $560,516

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$163,264$223,744$387,008
Other Land Buildings$0$47,500$47,500
Other Assets Org$999,954--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amber R Van TilCEOPT$364,740$144,252$508,992
Rodney E LasleyCOOPT$160,749$63,484$224,233
Dax E DentonChief Policy OfficerFT$151,704$61,943$213,647
Laurie a ReesVP- Education & Training-$124,468$40,059$164,527
Christina M BennettVP- Meetings & EventsFT$122,764$38,696$161,460

Board Members and Trustees

NameTitle
Benjamin J BochnowskiChairman
Jamie R ShinabargerImmediate Past Chairman
Matthew W HowreyFirst Vice Chairman
David M FindlaySecond Vice Chairman
Bradley MontsBoard Member
Eric J LaneBoard Member
Garry D KleerBoard Member
J Daniel MaddoxBoard Member
Jacqueline M Ruge-perkinsBoard Member
Karen B WoodsBoard Member
Kent a LiechtyBoard Member
Lisa ArnoldBoard Member
Mark Doc HoltBoard Member
Mark E BruinBoard Member
Michael J ClampittBoard Member
Nicole LorchBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Woodfield Iv LLCRent135 N PENNSYLVANIA ST SUITE 1610, Indianapolis, IN 46204$377,494
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,975,086
Investment Income
$83,990
Other Revenue
$169,714
Change in Net Assets
$476,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,360,019
Other Expenses$387,480
Grants and Similar Amounts Paid$4,450
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$733,225
Other Salaries and Wages---$442,063
Occupancy---$276,127
Office Expenses---$156,926
Other Employee Benefits---$129,253
Fees for Services Accounting---$50,485
Fees for Services Other---$44,944
Travel---$37,303
Payroll Taxes---$34,550
Pension Plan Contributions---$20,928
Fees for Service Investment Mgmnt Fees---$13,233
Insurance---$13,151
Fees for Services Legal---$10,207
Information Technology---$9,445
Grants to Domestic Orgs---$4,450
Other Expenses---$-224,341
Total Functional Expenses$0$0$0$1,751,949
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$415,495
Total Nondeductible Lobbying and Political Cost$302,200

Section 527 Organizations

OrganizationLocationAmount
36-5121485Indianapolis, IN$0
47-0858511Indianapolis, IN$0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability- Operating$1,021,764
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is comprised of 165 associate members and 125 member banks from the state of indiana.

Form 990, Part VI, Section A, Line 7A

The organization's members elect the board of directors.

Form 990, Part VI, Section A, Line 7B

Members of the organization elect the board of directors and/or hold office on the board of directors. The board is in charge of electing officers of the organization.

Form 990, Part VI, Section B, Line 11B

The 990 return will be sent to all members of the board and then reviewed and authorized by the president of the board prior to submission to the irs.

Form 990, Part VI, Section B, Line 12C

The foundation's board requests that all conflicts of interest are updated to the board on a regular basis.

Form 990, Part VI, Section B, Line 15A

Compensation for the president/ceo is reviewed annually by the iba executive committee. In determining the president/ceo's compensation, the committee reviews a comprehensive salary survey from the other state bankers associations. The committee review of the president/ceo's compensation is documented in the board minutes.

Form 990, Part VI, Section C, Line 18

Information is available upon request to indiana bankers association inc., 8425 woodfield crossing blvd, suite 155e, indianapolis, in 46240-9380 or calling (317) 387-9380

Form 990, Part VI, Section C, Line 19

The conflict of interest policy and financial statements can be made available upon request to indiana bankers association inc., 8425 woodfield crossing blvd, suite 155e, indianapolis, in 46240-9380 or calling (317) 387-9380.

Filing and Contact Details

Filer

Filer Name
Indiana Bankers Association Inc
EIN
35-0407470
Phone
3173879380
Address
8425 WOODFIELD CROSSING 155E, INDIANAPOLIS, IN 46240-9380

Signing Officer

Name
Rodney E Lasley
Title
Chief Operating Officer
Phone
3173879380
Signed
2025-08-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodney E Lasley
Formed
1897
Legal Domicile
In
Voting Board Members
17
Independent Board Members
16
Employees
18
Volunteers
250

Preparer

Firm
Blue & Co LLC
Address
12800 N MERIDIAN ST STE 400, CARMEL, IN 46032
Preparer
Cory Schunemann CPA
Phone
3178488920
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Unrealized gain on investments 275,298.

Financial Statement Notes

PART X, LINE 2:

The association and foundation are not-for-profit corporations as described in section 501(c)(6) and 501(c)(3) of the internal revenue code, respectively, and are exempt from federal taxes on related income pursuant to section 501(a) of the code. As such, the association and foundation are generally exempt from income taxes. However, the entities are required to file federal form 990 return of organization exempt from income tax which is an informational return only. The entities are also subject to income tax on any unrelated business taxable income. The organization has filed their federal and state income tax returns for periods through december 31, 2024 and are subject to routine audits by taxing jurisdictions. However, as of the date the consolidated financial statements were available to be issued, there were no audits for any tax periods in progress. These income tax returns are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date the return was filed or its due date (including approved extensions).

Raw XML AppendixShowing 400 of 730 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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