Indiana University Health Tipton H… - 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

Phone

3179634842

Tax Period

2023-01-01 to 2023-12-31

Indiana University Health Tipton Hospital Inc, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $47.1M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $45.0M left a modest 4% surplus.

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: $42,752,981 Revenue: $43,879,155

IU HEALTH TIPTON HOSPITAL IS A 25-BED ACUTE-CARE AND CRITICAL ACCESS HOSPITAL THAT OFFERS A BROAD RANGE OF SERVICES TO CARE FOR ITS PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. IU HEALTH TIPTON HOSPITAL PROVIDES LEADING-EDGE, PATIENT-CENTERED CARE, AS WELL AS PERSONALIZED NURSING CARE, IN A WIDE RANGE OF MEDICAL SPECIALTIES TO RESIDENTS OF TIPTON COUNTY AND ITS SURROUNDING COMMUNITIES.

Program 2

Expenses: $316,497 Revenue: $324,834

PHARMACY SERVICES: OUR NETWORK OF PHARMACIES OFFERS THE EASE OF "ONE-STOP" SHOPPING. WITH SERVICES DESIGNED TO MEET YOUR NEEDS, WE WILL PROVIDE EXPERT CARE AND HELP PATIENTS MAKE THE BEST USE OF...

PHARMACY SERVICES: OUR NETWORK OF PHARMACIES OFFERS THE EASE OF "ONE-STOP" SHOPPING. WITH SERVICES DESIGNED TO MEET YOUR NEEDS, WE WILL PROVIDE EXPERT CARE AND HELP PATIENTS MAKE THE BEST USE OF THEIR MEDICATIONS.

Program 3

Expenses: $59,635 Revenue: $61,206

IU HEALTH TIPTON HOSPITAL, INC. RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC., INDIANA UNIVERSITY HEALTH NORTH HOSPITAL, INC...

IU HEALTH TIPTON HOSPITAL, INC. RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC., INDIANA UNIVERSITY HEALTH NORTH HOSPITAL, INC., AND INDIANA UNIVERSITY HEALTH, INC.

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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 $58,333

Program Service Revenue $44,306,055

Investment Income $2,664,279

Other Revenue $51,873

TOTAL REVENUE $47,080,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,293,897

Fundraising Expenses $0

Program Expenses $43,168,924

Other Expenses $30,702,981

TOTAL EXPENSES $44,996,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,080,540	$51,535,965	-0.1%
Expenses	$44,996,878	$46,977,300	0.0%
Net Income	$2,083,662	$4,558,665	-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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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

257

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

$1,495,641

Total Directors

$21,600

Key Employees

$1,508,646

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR / SECRETARY	1.0	Officer Director	$0	$0	$3,600
N/A	DIRECTOR / CHAIR	1.0	Officer Director	$0	$0	$3,600
N/A	DIRECTOR (Part Year)	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$3,600
N/A	Director (Part Year)	1.0	Director	$0	$0	$3,600
N/A	DIRECTOR	1.0	Director	$0	$0	$3,600
N/A	DIRECTOR	1.0	Director	$0	$0	$3,600
N/A	CFO (ISR)	10.0	Officer	$0	$64,209	$403,690
N/A	Director / PRESIDENT (ISR)	10.0	Officer	$0	$183,503	$1,084,751
N/A	VP, COO (ISR)	15.0	Key Emp	$0	$53,689	$352,619
N/A	VP-CNO (ISR)	10.0	Key Emp	$0	$34,144	$298,895
N/A	VP-CMO (ISR)	10.0	Key Emp	$0	$76,110	$552,948
N/A	REGIONAL VP-HR (ISR)	10.0	Key Emp	$0	$58,312	$304,184
N/A	MANAGER - PHARMACY DEPT.	50.0	Highest	$167,057	$43,118	$210,175
N/A	Supervisor - Respiratory Services	50.0	Highest	$120,418	$26,569	$146,987
N/A	COO/CNO Tipton	55.0	Highest	$186,033	$49,905	$235,938
N/A	Clinical Nurse	50.0	Highest	$118,752	$35,288	$154,040
N/A	Pharmacist	50.0	Highest	$146,686	$23,418	$170,104
N/A	FORMER KEY EMPLOYEE	0.0		$0	$154,953	$897,813
N/A	Former Key Employee	10.0		$0	$13,054	$296,839
N/A	Former Highest Compensated Employee	0.0		$0	$54,187	$326,238
N/A	Former Officer	55.0		$256,032	$0	$256,032

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	$47,080,540	$44,996,878	$86,673,598	$2,083,662
2022	$51,535,965	$46,977,300	$83,740,320	$4,558,665
2021	$56,280,398	$45,767,415	$87,383,510	$10,512,983
2020	$49,914,103	$43,508,200	$77,875,892	$6,405,903
2019	$44,703,587	$41,017,477	$60,620,574	$3,686,110
2018	$41,449,644	$37,809,457	$60,114,064	$3,640,187

Indiana University Health Tipton Hospital Inc