INDIANA HEALTHCARE PROPERTIES

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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

1989

Legal Domicile

Principal Officer

STEPHEN A WOLFE

Phone

7243577008

Tax Period

2023-07-01 to 2024-06-30

INDIANA HEALTHCARE PROPERTIES, founded in 1989, is a small nonprofit in the Health Care sector that reported $252K in total revenue in fiscal year 2023. Expenses of $295K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO HOLD AND MANAGE PROPERTY IN SUPPORT OF INDIANA REGIONAL MEDICAL CENTER.

Program Service Accomplishments

Program 1

Expenses: $285,650 Revenue: $252,124

INDIANA HEALTHCARE PROPERTIES (IHP) IS AN ENTITY OF INDIANA REGIONAL MEDICAL CENTER (IRMC) THAT OWNS AND MANAGES PROPERTIES USED TO SUPPORT THE HOSPITAL. THE PROPERTIES THAT IHP CURRENTLY OVERSEES...

INDIANA HEALTHCARE PROPERTIES (IHP) IS AN ENTITY OF INDIANA REGIONAL MEDICAL CENTER (IRMC) THAT OWNS AND MANAGES PROPERTIES USED TO SUPPORT THE HOSPITAL. THE PROPERTIES THAT IHP CURRENTLY OVERSEES ARE THE KOLTER BUILDING, WOUND CENTER AT 119 PROFESSIONAL BUILDING, AND THE CLYMER MEDICAL BUILDING. THESE PROPERTIES ARE USED PRIMARILY BY THE IRMC PHYSICIANS GROUP (IPG) AND IRMC TO FACILITATE IN PROVIDING MEDICAL CARE TO THE COMMUNITY AND SUPPORTING THE ORGANIZATIONS MISSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $252,124

Investment Income $0

Other Revenue $0

TOTAL REVENUE $252,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,600

Fundraising Expenses $0

Program Expenses $285,650

Other Expenses $291,050

TOTAL EXPENSES $294,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,124	$257,120	0.0%
Expenses	$294,650	$234,076	+0.3%
Net Income	$-42,526	$23,044	-2.8%

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,818,595

Total Directors

$2,166,045

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN A WOLFE	PRESIDENT/CEO & CHAIRMAN	1.00	Officer Director	$0	$46,655	$933,558
MARK VOLOVIC	VICE CHAIRMAN/CIO	1.00	Officer Director	$0	$37,133	$330,442
ROBERT A GONGAWARE	CFO & SECRETARY/TREASURER	1.00	Officer Director	$0	$48,510	$361,048
BRETT BRAUN	BOARD MEMBER/COO IPG	1.00	Director	$0	$36,433	$270,619
WENDY HAISLIP	BOARD MEMBER/SVP NURSING	1.00	Director	$0	$26,625	$270,378
MICHAEL F ICKOWSKI	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$193,547

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
2025	No data	No data	No data	No data
2024	$252,124	$294,650	$3,576,711	$-42,526
2023	$257,120	$234,076	$1,392,580	$23,044
2022	$248,117	$252,617	$1,808,662	$-4,500
2021	$251,341	$283,547	$1,818,689	$-32,206
2020	$245,915	$284,547	$1,845,228	$-38,632
2019	$242,614	$305,810	$1,889,260	$-63,196
2018	$209,900	$292,076	$2,042,465	$-82,176