Indiana University Health Bedford Inc

EIN: 237042323 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$113,965,486
Total Expenses
$90,346,883
Total Assets
$171,412,440
Net Assets
$157,005,609
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Bedford Inc, founded in 1967, is a major nonprofit in the Health Care sector that reported $114.0M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $23.6M, a strong 21% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $86,360,553 Revenue: $105,861,308

IU HEALTH BEDFORD HOSPITAL IS A MODERN, JOINT COMMISSION APPROVED RURAL HEALTH CARE FACILITY WHICH OFFERS UP-TO-DATE TECHNOLOGY AND MEDICAL PRACTICES. IT ALSO EMPLOYS A PHYSICIAN GROUP PRACTICE, IU...

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IU HEALTH BEDFORD HOSPITAL IS A MODERN, JOINT COMMISSION APPROVED RURAL HEALTH CARE FACILITY WHICH OFFERS UP-TO-DATE TECHNOLOGY AND MEDICAL PRACTICES. IT ALSO EMPLOYS A PHYSICIAN GROUP PRACTICE, IU HEALTH SOUTHERN INDIANA PHYSICIANS, WHICH IS A MULTI-SPECIALTY PRACTICE PROVIDING MEDICAL SERVICES IN INTERNAL MEDICINE, FAMILY PRACTICE, GENERAL SURGERY, ORTHOPEDICS, OBSTETRICS AND GYNECOLOGY, AND PEDIATRICS. NURSE PRACTITIONERS IN ADULT AND PEDIATRIC PRIMARY CARE HAVE BEEN ADDED TO EXPAND MEDICAL CARE.

Program 2
Expenses: $664,935 Revenue: $815,082

RENT FROM RELATED 501(C)(3) ORGS.

Program 3
Expenses: $100,739 Revenue: $123,486

IU HEALTH BEDFORD RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH"), INDIANA UNIVERSITY HEALTH Bloomington, INC. ("IU HEALTH...

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IU HEALTH BEDFORD RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH"), INDIANA UNIVERSITY HEALTH Bloomington, INC. ("IU HEALTH Bloomington"), AND INDIANA UNIVERSITY HEALTH PAOLI, INC. ("IU HEALTH PAOLI").

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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 $218,335
Program Service Revenue $106,799,876
Investment Income $6,789,700
Other Revenue $157,575
TOTAL REVENUE $113,965,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,922,650
Fundraising Expenses $0
Program Expenses $87,126,227
Other Expenses $59,424,233
TOTAL EXPENSES $90,346,883

Year-over-Year Comparison

2023 2022 Change
Revenue $113,965,486 $98,044,745 +0.2%
Expenses $90,346,883 $82,575,407 +0.1%
Net Income $23,618,603 $15,469,338 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
7
Employees
436
Volunteers
43

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
7
$2,205,469
Total Directors
16
$4,923,843
Key Employees
4
$1,506,552
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT (SCR) (Part Year)/SVP System Regional Operations 10.0
Officer Director
$0 $211,047 $1,247,272
N/A DIRECTOR/CHAIR 2.0
Officer Director
$0 $0 $7,500
N/A Director (Part Year)/President (Part Year)/VP-CMO (SCR) 10.0
Officer Director
$0 $65,730 $538,748
N/A DIRECTOR/SECRETARY 2.0
Officer Director
$0 $0 $3,000
N/A DIRECTOR/Treasurer 2.0
Officer Director
$0 $0 $5,000
N/A DIRECTOR/Vice Chair 2.0
Officer Director
$0 $0 $3,600
N/A Director 2.0
Director
$0 $79,171 $460,138
N/A Director 2.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $79,767 $729,452
N/A DIRECTOR 1.0
Director
$0 $16,251 $219,390
N/A DIRECTOR 2.0
Director
$0 $0 $48,000
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $144,075 $797,550
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $69,793 $864,193
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A VP & CFO (SCR) 10.0
Officer
$0 $66,441 $400,349
N/A VP & COO (SCR) 10.0
Key Emp
$0 $52,742 $367,712
N/A Chief Physician Executive (SCR) 10.0
Key Emp
$0 $26,086 $468,897
N/A VP - HUMAN RESOURCES (SCR) 10.0
Key Emp
$0 $67,879 $313,355
N/A VP & CNO (SCR) 10.0
Key Emp
$0 $47,047 $356,588
N/A CHIEF OF STAFF/PATHOLOGIST 50.0
Highest
$318,782 $56,964 $375,746
N/A VP & CNO 50.0
Highest
$195,931 $18,059 $213,990
N/A CLINICAL NURSE 50.0
Highest
$171,070 $43,390 $214,460
N/A CLINICAL NURSE 50.0
Highest
$204,190 $21,939 $226,129
N/A COO 50.0
Highest
$290,094 $66,171 $356,265
N/A FORMER KEY EMPLOYEE 10.0
$0 $62,470 $634,457
N/A Former Key Employee 0.0
$0 $61,176 $345,654
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 $113,965,486 $90,346,883 $171,412,440 $23,618,603
2022 $98,044,745 $82,575,407 $148,288,811 $15,469,338
2021 $102,970,071 $73,708,670 $133,550,962 $29,261,401
2020 $89,602,913 $68,687,427 $111,703,910 $20,915,486
2019 $80,839,010 $66,355,887 $77,603,408 $14,483,123
2018 $72,309,685 $60,694,928 $66,562,474 $11,614,757
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