Civic Intelligence

Indiana Worker'S Compensation

EIN 35-1832761 • 501(c)4 • Indianapolis, IN

Profile

To promote and conduct programs of general education in the area of worker's compensation and related areas through monthly educational luncheons and seminars.

PO Box 90320Indianapolis, IN 46290

www.iwci.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

22nd percentile

-20%

Higher net margin than 22% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2022

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2022

Asset Growth

15th percentile

-44%

Faster asset growth than 15% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

239%

Faster revenue growth than 98% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$28,151

Up $13,859 (+97%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$28,151

Up $13,859 (+97%) from 2023

Revenue

Up

$85,842

Up $20,302 (+31%) from 2023

Expenses

Down

$71,983

Down $4,058 (-5.3%) from 2023

Net Income

Up

$13,859

Up $24,360 (+232%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2021: $44,643Liabilities 2021: $322Net Assets 2021: $44,3212021Assets 2022: $24,793Net Assets 2022: $24,7932022Assets 2023: $14,292Net Assets 2023: $14,2922023Assets 2024: $28,151Net Assets 2024: $28,1512024

Highlighted filing

2024

Assets$28,151
Liabilities-
Net Assets$28,151

Operations Trend

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

$100K$50K$0-$50KRevenue 2021: $16,519Expenses 2021: $25,348Net Income 2021: -$8,8292021Revenue 2022: $56,037Expenses 2022: $67,464Net Income 2022: -$11,4272022Revenue 2023: $65,540Expenses 2023: $76,041Net Income 2023: -$10,5012023Revenue 2024: $85,842Expenses 2024: $71,983Net Income 2024: $13,8592024

Highlighted filing

2024

Revenue$85,842
Expenses$71,983
Net Income$13,859

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 11, 2025
Return Version
2024v5.0
Gross Receipts
$99,357
Mission and Program Overview

Mission

To promote and conduct programs of general education in the area of worker's compensation and related areas through monthly educational luncheons and seminars.

Program Services

DescriptionGrantsExpenses
TO PROMOTE AND CONDUCT PROGRAMS OF GENERAL EDUCATION IN THE AREA OF WORKER'S COMPENSATION AND RELATED AREAS THROUGH MONTHLY EDUCATIONAL LUNCHEONS AND SEMINARS.-$71,983
INDIANA WORKER'S COMPENSATION INSTITUTE, INC HAS CREATED A SCHOLARSHIP PROGRAM IN WHICH THEY PROVIDE FUNDS TO AREA UNIVERSITIES FOR RECIPIENTS WITH MAJORS IN INSURANCE OR INSURANCE AND RISK MANAGEMENT. THE SELECTED UNIVERSITY WILL THEN CHOOSE RECIPIENTS FOR THE SCHOLARSHIPS BASED ON THEIR OWN CRITERIA.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT GREGORITreasurer/Pa-$0--
NORETTE MASONSecretary-$0--
JEN MEYERBoard Member-$0--
COURTNEY JOHNSONVice Preside-$0--
TIM RANKINBoard Member-$0--
STEVE KOERSPresident-$0--
GREG BEASLEYBoard Member-$0--
JORDAN TAITBoard Member-$0--
ANGELA GILESBoard Member-$0--
ANDREA GRUBBBoard Member-$0--
ANGIE ELKINSBoard Member-$0--
DANELLA RAYBoard Member-$0--
CRISSY KILCLINEBoard Member-$0--
CHANTEL WIMMERBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$23,120$23,120$12,622$10,498
Total Events$23,120$23,120$12,852$10,268
Filing and Contact Details

Filer

Filer Name
INDIANA WORKER'S COMPENSATION
EIN
35-1832761
Phone
3174957100
Address
PO BOX 90320, INDIANAPOLIS, IN 46290

Signing Officer

Name
Steve Koers
Title
President
Phone
3174957100
Signed
2025-02-11
Discuss with paid preparer
Yes

Preparer

Firm
L M Henderson & Company Llp
Address
450 E 96TH ST STE 200, INDIANAPOLIS, IN 46240-3797
Preparer
Michelle L Zimmerman
Phone
3175661000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Luncheon/seminar meetings other expenses 4,388 annual seminar other expenses 60,717 expenses party items 474 website expenses 1,650 insurance 1,206 miscellaneous 851 total 69,286

Form 990-ez, Part II, Line 24

Website 20,500 20,500 less accumulated amortization 20,500 20,500 total 0 0

Form 990-ez, Part III

To promote and conduct programs of general education in the area of worker's compensation and related areas through monthly educational luncheons and seminars.

Form 990-ez, Part III, Line 29

Indiana worker's compensation institute, inc has created a scholarship program in which they provide funds to area universities for recipients with majors in insurance or insurance and risk management. The selected university will then choose recipients for the scholarships based on their own criteria.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LUNCHEON/SEMINAR MEETINGS OTHER EXPENSES 4,388 ANNUAL SEMINAR OTHER EXPENSES 60,717 EXPENSES PARTY ITEMS 474 WEBSITE EXPENSES 1,650 INSURANCE 1,206 MISCELLANEOUS 851 TOTAL 69,286
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WEBSITE 20,500 20,500 LESS ACCUMULATED AMORTIZATION 20,500 20,500 TOTAL 0 0
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDIANA WORKER'S COMPENSATION INSTITUTE, INC HAS CREATED A SCHOLARSHIP PROGRAM IN WHICH THEY PROVIDE FUNDS TO AREA UNIVERSITIES FOR RECIPIENTS WITH MAJORS IN INSURANCE OR INSURANCE AND RISK MANAGEMENT. THE SELECTED UNIVERSITY WILL THEN CHOOSE RECIPIENTS FOR THE SCHOLARSHIPS BASED ON THEIR OWN CRITERIA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE KOERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03174957100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANA WORKER'S COMPENSATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INSTITUTE INC
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ReturnHeader/Filer/PhoneNum03174957100
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462403797
ReturnHeader/PreparerPersonGrp/PhoneNum03175661000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE L ZIMMERMAN
ReturnHeader/ReturnTs02025-02-14T09:39:28-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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