Indiana University Health Blackford Hospital Inc

EIN: 010646166 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$18,700,705
Total Expenses
$23,774,787
Total Assets
$5,658,757
Net Assets
$3,204,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Blackford Hospital Inc, founded in 2002, is a mid-sized nonprofit in the Health Care sector that reported $18.7M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $23.8M exceeded revenue, resulting in a 27% operating deficit.

Mission

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,703
Program Service Revenue $18,546,156
Investment Income $63,325
Other Revenue $25,521
TOTAL REVENUE $18,700,705

Expense Breakdown

Grants Paid $26,822
Salaries & Benefits $8,701,417
Fundraising Expenses $0
Program Expenses $22,586,328
Other Expenses $15,046,548
TOTAL EXPENSES $23,774,787

Year-over-Year Comparison

2023 2022 Change
Revenue $18,700,705 $25,680,950 -0.3%
Expenses $23,774,787 $28,895,088 -0.2%
Net Income $-5,074,082 $-3,214,138 +0.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
12
Employees
146
Volunteers
31

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$2,477,667
Total Directors
16
$2,797,778
Key Employees
5
$1,814,686
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/CHAIR (Part Year) 2.0
Officer Director
$0 $0 $0
N/A Director/Secretary/Treasurer 2.0
Officer Director
$0 $0 $0
N/A DIRECTOR/PRESIDENT (ECR) 10.0
Officer Director
$0 $172,192 $1,157,390
N/A DIRECTOR/CHAIR (Part Year) 2.0
Officer Director
$0 $0 $0
N/A DIRECTOR/VICE CHAIR 10.0
Officer Director
$0 $64,192 $554,413
N/A DIRECTOR/VICE CHAIR 2.0
Officer Director
$0 $0 $1,000
N/A DIRECTOR (Part Year) 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $67,475 $349,621
N/A Director (Part Year) 2.0
Director
$0 $0 $5,000
N/A DIRECTOR 2.0
Director
$0 $0 $8,000
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $131,941 $703,354
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $8,000
N/A DIRECTOR 2.0
Director
$0 $0 $6,000
N/A DIRECTOR 2.0
Director
$0 $0 $5,000
N/A CFO (ECR) 10.0
Officer
$0 $67,467 $454,986
N/A VP-General Counsel, Asst Secretary (ECR) 0.0
Officer
$0 $50,502 $309,878
N/A VP-HUMAN RESOURCES (ECR) 10.0
Key Emp
$0 $60,926 $260,965
N/A COO (ECR) (Part Year) 15.0
Key Emp
$0 $37,495 $267,600
N/A COO (ECR) (Part Year) 10.0
Key Emp
$0 $61,965 $441,211
N/A VP & CNO (ECR) 10.0
Key Emp
$0 $54,187 $326,238
N/A VP & CMO (ECR) 10.0
Key Emp
$0 $77,187 $518,672
N/A PHYSICIAN 50.0
Highest
$265,618 $59,901 $329,519
N/A VP - CNO - BLACKFORD HOSP 55.0
Highest
$164,786 $47,177 $223,967
N/A Supervisor-House 50.0
Highest
$158,740 $21,081 $209,079
N/A PHYSICIAN 40.0
Highest
$330,745 $76,008 $448,877
N/A PHYSICIAN 40.0
Highest
$319,083 $66,776 $385,859
N/A FORMER HIGHEST COMPENSATED EMPLOYEE 0.0
$0 $71,685 $477,182
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $18,700,705 $23,774,787 $5,658,757 $-5,074,082
2022 $25,680,950 $28,895,088 $11,576,678 $-3,214,138
2021 $29,029,033 $25,581,477 $16,872,469 $3,447,556
2021 $29,029,033 $25,581,477 $16,872,469 $3,447,556
2020 $19,874,944 $21,282,237 $16,345,493 $-1,407,293
2019 $18,922,084 $20,390,000 $12,114,937 $-1,467,916
2018 $18,222,448 $19,930,302 $15,158,490 $-1,707,854
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