CENTRAL INDIANA HEALTH ASSOCIATION… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

KELLY BRAVERMAN

Phone

7654858100

Tax Period

2024-01-01 to 2024-12-31

CENTRAL INDIANA HEALTH ASSOCIATION INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 75% operating margin.

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF AND CARRYING OUT THE PURPOSES OF WITHAM MEMORIAL HOSPITAL.

Program Service Accomplishments

Program 1

Expenses: $570,676 Revenue: $40,500

PROVIDE HEALTH CARE SERVICES, INCLUDING MANAGEMENT AND CONSULTING SERVICES, BELOW ACTUAL FAIR MARKET VALUE TO SECTION 501(C)(3) TAX-EXEMPT ORGANIZATIONS INCLUDING WITHAM HOSPITAL FURTHERING THE...

PROVIDE HEALTH CARE SERVICES, INCLUDING MANAGEMENT AND CONSULTING SERVICES, BELOW ACTUAL FAIR MARKET VALUE TO SECTION 501(C)(3) TAX-EXEMPT ORGANIZATIONS INCLUDING WITHAM HOSPITAL FURTHERING THE PURPOSES AND GOALS OF THE ORGANIZATIONS, IN PROVIDING HEALTH CARE AND HEALTH EDUCATION.ADMINISTERING, MANAGING, DIRECTING, AND CONSULTING REGARDING HOSPITAL, MEDICAL AND HEALTH CARE SERVICES, HEALTH CARE PRODUCTS, EQUIPMENT, PERSONNEL, FACILITIES AND FINANCES.

Program 2

PROMOTING AND ENCOURAGE AN INFORMED UNDERSTANDING AND UTILIZATION OF HOSPITAL, MEDICAL AND HEALTH CARE SERVICES, PRODUCTS, EQUIPMENT, PERSONNEL, FACILITIES AND FINANCES.

Program 3

PROVIDING PROFESSIONAL, PRACTICAL, CONTINUING AND OTHER EDUCATIONAL PROGRAMS AND SERVICES FOR PERSONS SERVING IN THE HEALTH CARE FIELD AND TO INFORM THE PUBLIC REGARDING HEALTH CARE ISSUES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,500

Investment Income $2,576,688

Other Revenue $121,973

TOTAL REVENUE $2,739,161

Expense Breakdown

Grants Paid $475,583

Salaries & Benefits $21,588

Fundraising Expenses $0

Program Expenses $570,676

Other Expenses $187,104

TOTAL EXPENSES $684,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,739,161	$2,269,472	+0.2%
Expenses	$684,275	$684,713	0.0%
Net Income	$2,054,886	$1,584,759	+0.3%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$676,146

Total Directors

$916,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRAND	CHAIRMAN	2.00	Officer Director	$0	$0	$6,000
REV C ARCHIBALD HAWKINS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$6,000
ANDREA CASTETTER	SECRETARY	2.00	Officer Director	$0	$0	$6,000
BRETT BAYSTON	MEMBER	2.00	Director	$0	$0	$6,000
MICHAEL HORNBECKER MD	MEMBER	2.00	Director	$0	$23,000	$234,379
KELLY BRAVERMAN	PRESIDENT	2.00	Officer Director	$0	$46,000	$658,146
JACK JONES	CHAIRMAN PARTIAL TERM	2.00	Officer Director	$0	$0	$0

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	$2,739,161	$684,275	$92,299,767	$2,054,886
2023	$2,269,472	$684,713	$87,788,957	$1,584,759
2022	$1,675,066	$738,781	$82,165,859	$936,285
2021	$1,832,791	$840,690	$90,599,355	$992,101
2020	$1,599,857	$814,349	$88,283,550	$785,508
2019	$2,089,344	$868,320	$82,921,063	$1,221,024
2018	$1,676,838	$933,366	$67,103,961	$743,472

CENTRAL INDIANA HEALTH ASSOCIATION INC