Civic Intelligence

Cardinal Greenway Inc

EIN 35-1885151 • 501(c)3 • Muncie, IN

Profile

Cardinal greenway is dedicated to enhancing the quality of life by developing and operating corridors and trails to connect people and communities.

700 E Wysor StreetMuncie, IN 47305

www.cardinalgreenways.org

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.05x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

5th percentile

-57%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

21st percentile

-3.2%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

51st percentile

7.1%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$13,326,002

Down $403,104 (-2.9%) from 2023

Liabilities

Up

$39,374

Up $541 (+1.4%) from 2023

Net Assets

Down

$13,286,628

Down $403,645 (-2.9%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin5th percentile

Revenue

Up

$838,478

Up $70,986 (+9.2%) from 2023

Expenses

Down

$1,312,291

Down $42,663 (-3.1%) from 2023

Net Income

Up

-$473,813

Up $113,649 (+19%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

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

$30M$20M$10M$0Assets 2010: $18,717,435Liabilities 2010: $265,266Net Assets 2010: $18,452,1692010Assets 2011: $20,313,060Liabilities 2011: $23,337Net Assets 2011: $20,289,7232011Assets 2012: $20,010,696Liabilities 2012: $40,166Net Assets 2012: $19,970,5302012Assets 2013: $19,456,494Liabilities 2013: $31,753Net Assets 2013: $19,424,7412013Assets 2014: $18,862,816Liabilities 2014: $27,578Net Assets 2014: $18,835,2382014Assets 2015: $18,260,608Liabilities 2015: $27,069Net Assets 2015: $18,233,5392015Assets 2016: $17,704,205Liabilities 2016: $23,652Net Assets 2016: $17,680,5532016Assets 2017: $17,345,982Liabilities 2017: $53,767Net Assets 2017: $17,292,2152017Assets 2018: $16,771,626Liabilities 2018: $41,352Net Assets 2018: $16,730,2742018Assets 2019: $16,405,909Liabilities 2019: $76,182Net Assets 2019: $16,329,7272019Assets 2020: $15,699,742Liabilities 2020: $44,381Net Assets 2020: $15,655,3612020Assets 2021: $15,294,218Liabilities 2021: $110,150Net Assets 2021: $15,184,0682021Assets 2022: $14,222,053Liabilities 2022: $38,453Net Assets 2022: $14,183,6002022Assets 2023: $13,729,106Liabilities 2023: $38,833Net Assets 2023: $13,690,2732023Assets 2024: $13,326,002Liabilities 2024: $39,374Net Assets 2024: $13,286,6282024

Highlighted filing

2024

Assets$13,326,002
Liabilities$39,374
Net Assets$13,286,628
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,047,7072010Expenses 2011: $1,077,7322011Expenses 2012: $1,124,1612012Revenue 2013: $466,225Expenses 2013: $1,100,349Net Income 2013: -$634,1242013Revenue 2014: $567,558Expenses 2014: $1,128,948Net Income 2014: -$561,3902014Revenue 2015: $775,535Expenses 2015: $1,320,563Net Income 2015: -$545,0282015Revenue 2016: $627,033Expenses 2016: $1,180,019Net Income 2016: -$552,9862016Revenue 2017: $1,123,270Expenses 2017: $1,587,328Net Income 2017: -$464,0582017Revenue 2018: $1,069,586Expenses 2018: $1,561,020Net Income 2018: -$491,4342018Revenue 2019: $1,803,382Expenses 2019: $2,273,664Net Income 2019: -$470,2822019Revenue 2020: $848,561Expenses 2020: $1,637,646Net Income 2020: -$789,0852020Revenue 2021: $884,519Expenses 2021: $1,450,730Net Income 2021: -$566,2112021Revenue 2022: $730,512Expenses 2022: $1,591,855Net Income 2022: -$861,3432022Revenue 2023: $767,492Expenses 2023: $1,354,954Net Income 2023: -$587,4622023Revenue 2024: $838,478Expenses 2024: $1,312,291Net Income 2024: -$473,8132024

Highlighted filing

2024

Revenue$838,478
Expenses$1,312,291
Net Income-$473,813
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,326,002
Liabilities
$39,374
Net assets
$13,286,628
Revenue
$838,478
Expenses
$1,312,291
Net income
-$473,813
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.3$0.04$13.3$0.84$1.31$0.47
2023Detailed filing. Detailed filing data is available for this year.$13.7$0.04$13.7$0.77$1.35$0.59
2022Detailed filing. Detailed filing data is available for this year.$14.2$0.04$14.2$0.73$1.59$0.86
2021Detailed filing. Detailed filing data is available for this year.$15.3$0.11$15.2$0.88$1.45$0.57
2020Detailed filing. Detailed filing data is available for this year.$15.7$0.04$15.7$0.85$1.64$0.79
2019Detailed filing. Detailed filing data is available for this year.$16.4$0.08$16.3$1.80$2.27$0.47
2018Detailed filing. Detailed filing data is available for this year.$16.8$0.04$16.7$1.07$1.56$0.49
2017Detailed filing. Detailed filing data is available for this year.$17.3$0.05$17.3$1.12$1.59$0.46
2016Detailed filing. Detailed filing data is available for this year.$17.7$0.02$17.7$0.63$1.18$0.55
2015Detailed filing. Detailed filing data is available for this year.$18.3$0.03$18.2$0.78$1.32$0.55
2014Detailed filing. Detailed filing data is available for this year.$18.9$0.03$18.8$0.57$1.13$0.56
2013Detailed filing. Detailed filing data is available for this year.$19.5$0.03$19.4$0.47$1.10$0.63
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$0.04$20.0$1.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.3$0.02$20.3$1.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$0.27$18.5$1.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$856,752
Mission and Program Overview

Mission

Cardinal greenway is dedicated to enhancing the quality of life by developing and operating corridors and trails to connect people and communities.

Cardinal greenway is dedicated to enhancing the quality of life by developing and operating corridors and trails to connect people and communitues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,208,364$11,511,994▼ $696,370
Investments Other Securities$904,327$955,348▲ $51,021
Savings and Temporary Cash Investments$210,340$517,454▲ $307,114
Cash and Non-Interest-Bearing Accounts$394,435$328,923▼ $65,512
Inventories for Sale or Use$11,640$12,283▲ $643
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-2,171,458$-2,575,103▼ $403,645
Total Assets$13,729,106$13,326,002▼ $403,104
Liabilities
Accounts Payable and Accrued Expenses$38,833$39,374▲ $541
Total Liabilities$38,833$39,374▲ $541
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,690,273$13,286,628▼ $403,645
Total Liabilities and Net Assets / Fund Balance$13,729,106$13,326,002▼ $403,104

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$9,750,385$10,657,257$20,407,642
Land$1,154,772-$1,154,772
Buildings$522,743$397,394$920,137
Equipment$84,094$354,180$438,274
Other Securities$31,160--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
John DisherPresident
Kyle JohnsonVice President
Alison WallpeDirector
Craig JohnsonDirector
Dan RidenourDirector
Jason DonatiDirector
John CraddockDirector
Kerry WiggerlyDirector
Linn CrullDirector
Matthew KelseyDirector
Mike StatzerDirector
Neil GiffordDirector
Rick ZeiglerDirector
Jimm MilliganSecretary
Carol SealsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$785,391
Program Service Revenue
$0
Investment Income
$29,315
Other Revenue
$23,772
All Other Contributions
$785,391
Change in Net Assets
$-473,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,087,248
Salaries, Compensation, and Employee Benefits$225,043
Total Fundraising Expense$69,682
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$675,797$35,568-$711,365
Other Salaries and Wages$88,618$16,616$5,539$110,773
Current Officers, Directors, Trustees, and Key Employees$9,545$28,637$57,273$95,455
Insurance$36,773$36,773-$73,546
All Other Expenses$24,838$791$1,436$27,065
Occupancy$14,012$9,977-$23,989
Payroll Taxes$7,901$3,477$4,425$15,803
Other Expenses$15,174--$15,174
Fees for Services Accounting$8,975$5,984-$14,959
Fees for Service Investment Mgmnt Fees$10,605--$10,605
Travel$9,239--$9,239
Office Expenses$2,609$1,897$237$4,743
Pension Plan Contributions$1,506$753$753$3,012
Advertising$2,785--$2,785
Fees for Services Legal$1,815--$1,815
Conferences and Meetings$352-$19$371
Interest$2--$2
Total Functional Expenses$1,102,136$140,473$69,682$1,312,291
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$34,716
Fundraising Direct Expenses$18,274
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Total Events$34,716$34,716$18,274$16,442
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The organization utilizes a competent professional for the preparation of the tax return. The form 990 is distributed to the finance committee-they discuss the return and authorize the appropriate officer to sign and file the return with the internal revenue service. After finance committee review, a complete copy of the form 990 was provided to each board member for the opportunity to review and submit comments prior to filing.”

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

“Annually board members and officers are provided a copy of the conflict of interest policy and are required to complete statement with agreement to comply with the policy. All potential conflicts are required to be disclosed. When a possible conflict arises the board determines how to address the conflict.”

Form 990, Part VI, Section B, Line 15

“Annually the board chair and officers reviews the performance of the ceo and the finance committee recommends compensation amounts to the board of directors. Compensation amounts are approved by the board of directors.”

Form 990, Part VI, Section C, Line 18

“Documents available upon request”

Form 990, Part VI, Section C, Line 19

“Governing documents available upon request”

Filing and Contact Details

Filer

Filer Name
Cardinal Greenway Inc
EIN
35-1885151
Phone
7652870399
Address
700 E WYSOR STREET, MUNCIE, IN 47305

Signing Officer

Name
Angela Pool
Title
CEO
Phone
7652870399
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angela Pool
Formed
1993
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
0

Preparer

Firm
Estep - Doctor & Company Pc
Address
3737 W BETHEL AVENUE, MUNCIE, IN 47304
Preparer
David R Lewis CPA
Phone
7652895366
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“PENALTIES -52.”

Financial Statement Notes

Part III, Line 4

“Cardinal greenway, inc. Renovated and maintains the historic wysor street depot. This depot is a historic site.”

Raw XML AppendixShowing 400 of 518 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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