Civic Intelligence

Indiana Financial Services

EIN 46-1002472 • 501(c)6 • Indianapolis, IN

Profile

Promoting the common interests, opportunites, and growth of entities and organizations who provide financial services throughout the state of indiana and to provide education, research, public relations, direct communication with regulators and legislators concerning the financial services industry for the benefit of its members.

One Indiana Square Suite 2800Indianapolis, IN 46204

indianafsa.org

Siviq Scores

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

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

85th percentile

$30,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 30.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

8.1%

Faster revenue growth than 64% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$109,125

Up $15,333 (+16%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$109,125

Up $15,333 (+16%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin75th percentile

Revenue

Up

$99,895

Up $7,480 (+8.1%) from 2023

Expenses

Up

$84,562

Up $9,562 (+13%) from 2023

Net Income

Down

$15,333

Down $2,082 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

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

$150K$100K$50K$0Assets 2013: $5,051Liabilities 2013: $02013Assets 2014: $5,982Liabilities 2014: $0Net Assets 2014: $5,9822014Assets 2015: $45,001Liabilities 2015: $0Net Assets 2015: $45,0012015Assets 2016: $22,001Liabilities 2016: $0Net Assets 2016: $22,0012016Assets 2017: $31,527Liabilities 2017: $0Net Assets 2017: $31,5272017Assets 2018: $47,369Liabilities 2018: $0Net Assets 2018: $47,3692018Assets 2019: $28,437Liabilities 2019: $0Net Assets 2019: $28,4372019Assets 2020: $44,263Liabilities 2020: $0Net Assets 2020: $44,2632020Assets 2021: $64,877Liabilities 2021: $0Net Assets 2021: $64,8772021Assets 2022: $76,377Liabilities 2022: $0Net Assets 2022: $76,3772022Assets 2023: $93,792Liabilities 2023: $0Net Assets 2023: $93,7922023Assets 2024: $109,125Liabilities 2024: $0Net Assets 2024: $109,1252024

Highlighted filing

2024

Assets$109,125
Liabilities$0
Net Assets$109,125
Open 2024 Filing

Operations Trend

Revenue Growth64th percentile

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

$100K$50K$0-$50KRevenue 2013: $23,385Expenses 2013: $20,815Net Income 2013: $2,5702013Revenue 2014: $65,978Expenses 2014: $65,047Net Income 2014: $9312014Revenue 2015: $73,435Expenses 2015: $34,415Net Income 2015: $39,0202015Revenue 2016: $67,000Expenses 2016: $90,000Net Income 2016: -$23,0002016Revenue 2017: $69,526Expenses 2017: $60,000Net Income 2017: $9,5262017Revenue 2018: $75,842Expenses 2018: $60,000Net Income 2018: $15,8422018Revenue 2019: $41,068Expenses 2019: $60,000Net Income 2019: -$18,9322019Revenue 2020: $98,826Expenses 2020: $83,000Net Income 2020: $15,8262020Revenue 2021: $80,614Expenses 2021: $60,000Net Income 2021: $20,6142021Revenue 2022: $86,500Expenses 2022: $75,000Net Income 2022: $11,5002022Revenue 2023: $92,415Expenses 2023: $75,000Net Income 2023: $17,4152023Revenue 2024: $99,895Expenses 2024: $84,562Net Income 2024: $15,3332024

Highlighted filing

2024

Revenue$99,895
Expenses$84,562
Net Income$15,333
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$109,125
Liabilities
$0
Net assets
$109,125
Revenue
$99,895
Expenses
$84,562
Net income
$15,333
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$1.00$0.85$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.92$0.75$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.87$0.75$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.81$0.60$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.99$0.83$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.41$0.60$0.19
2018Summary only. Only limited summary data is available for this year.$0.47$0.00$0.47$0.76$0.60$0.16
2017Summary only. Only limited summary data is available for this year.$0.32$0.00$0.32$0.70$0.60$0.10
2016Summary only. Only limited summary data is available for this year.$0.22$0.00$0.22$0.67$0.90$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.73$0.34$0.39
2014Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.66$0.65$0.01
2013Summary only. Only limited summary data is available for this year.$0.05$0.00$0.23$0.21$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.1
Gross Receipts
$99,895
Mission and Program Overview

Mission

Promoting the common interests, opportunites, and growth of entities and organizations who provide financial services throughout the state of indiana and to provide education, research, public relations, direct communication with regulators and legislators concerning the financial services industry for the benefit of its members.

Program Services

DescriptionGrantsExpenses
PROMOTING THE COMMON INTERESTS, OPPORTUNITES, AND GROWTH OF ENTITIES AND ORGANIZATIONS WHO PROVIDE FINANCIAL SERVICES THROUGHOUT THE STATE OF INDIANA AND TO PROVIDE EDUCATION, RESEARCH, PUBLIC RELATIONS, DIRECT COMMUNICATION WITH REGULATORS AND LEGISLATORS CONCERNING THE FINANCIAL SERVICES INDUSTRY FOR THE BENEFIT OF ITS MEMBERS.$0$0
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRETT ASHTONExecutive Director-$30,000-$30,000
RYAN BLACKPresident/Sec/Treasurer-$0--
ELIZABETH HAMMONDBoard Member-$0--
ALLEN GRIFFITHBoard Member-$0--
NATHAN ALLENBoard Member-$0--
DAVID KORNVice President-$0--
TRACY SANDINBoard Member-$0--
JEFF TINNEYBoard Member-$0--
Political and Lobbying Activity
In-house lobbying only
No

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$42,281
Total Nondeductible Lobbying and Political Cost$42,281
Political Expenditures$2,500
Filing and Contact Details

Filer

Filer Name
Indiana Financial Services
EIN
46-1002472
Phone
3179975620
Address
ONE INDIANA SQUARE SUITE 2800, INDIANAPOLIS, IN 46204

Signing Officer

Name
Brett Ashton
Title
Executive Director
Phone
3179975620
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Sikich LLC
Address
8555 N RIVER RD 300, INDIANAPOLIS, IN 46240
Preparer
Bridgette Mugge
Phone
3178424466
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: licensing fees. Amount: 1,075. Description: political contributions. Amount: 2,500. Total to form 990-ez, line 16: 3,575.”

Raw XML Appendix142 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum03172386291
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE INDIANA SQUARE SUITE 2700
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd046204
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt093792
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt730000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RYAN BLACK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/SEC/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd01
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IRS990EZ/TotalRevenueAmt099895
IRS990EZ/TypeOfOrganizationAssocInd0X
IRS990EZ/WebsiteAddressTxt0INDIANAFSA.ORG
IRS990ScheduleC/AggregateReportedDuesNtcAmt049948
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
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IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/TaxableAmt0-7667
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: LICENSING FEES. AMOUNT: 1,075. DESCRIPTION: POLITICAL CONTRIBUTIONS. AMOUNT: 2,500. TOTAL TO FORM 990-EZ, LINE 16: 3,575.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BRETT ASHTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03179975620
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDIANA FINANCIAL SERVICES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDI
ReturnHeader/Filer/EIN0461002472
ReturnHeader/Filer/PhoneNum03179975620
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE INDIANA SQUARE SUITE 2800
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046204
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363168081
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SIKICH LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08555 N RIVER RD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046240
ReturnHeader/PreparerPersonGrp/PhoneNum03178424466
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIDGETTE MUGGE
ReturnHeader/ReturnTs02025-05-16T13:35:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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