Indiana University Health Arnett Inc

EIN: 263162145 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$641,512,534
Total Expenses
$622,302,384
Total Assets
$378,909,781
Net Assets
$316,152,601
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Arnett Inc, founded in 2008, is a major nonprofit in the Health Care sector that reported $641.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

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: $580,538,340 Revenue: $617,748,689

Indiana University Health Arnett in Lafayette, Indiana is a full-service, 191-bed hospital that includes more than 40 specialties and 23 outpatient clinics. The hospital features an adjacent...

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Indiana University Health Arnett in Lafayette, Indiana is a full-service, 191-bed hospital that includes more than 40 specialties and 23 outpatient clinics. The hospital features an adjacent outpatient surgery center, cancer center and several medical offices serving Lafayette and the surrounding counties. IU Health Arnett is a Magnet-designated hospital recognized by the American Nurses Credentialing Center for demonstrating excellence in nursing services and high-quality clinical outcomes for patients.

Program 2
Expenses: $10,843,378 Revenue: $11,538,398

OUR NETWORK OF PHARMACIES OFFERS THE CONVENIENCE OF ONE-STOP SHOPPING. WE PROVIDE EXPERT CARE AND HELP PATIENTS MAKE THE BEST USE OF THEIR MEDICATIONS.

Program 3
Expenses: $4,765,488 Revenue: $5,070,938

IU Health Arnett provides services to related tax-exempt organizations and one related government entity. IU Health entities facilitates efforts and shared services on behalf of and for the benefit...

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IU Health Arnett provides services to related tax-exempt organizations and one related government entity. IU Health entities facilitates efforts and shared services on behalf of and for the benefit of IU Health and its affiliates, certain costs related to providing these shared services are allocated out or charged to the affiliates. Facilitating these efforts and services allows IU Health and its affiliates to better carry out their exempt functions by reducing costs, having standardized practices and procedures, and creating economies of scale.

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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 $889,257
Program Service Revenue $634,874,693
Investment Income $4,946,613
Other Revenue $801,971
TOTAL REVENUE $641,512,534

Expense Breakdown

Grants Paid $453,552
Salaries & Benefits $298,114,621
Fundraising Expenses $0
Program Expenses $596,632,753
Other Expenses $323,734,211
TOTAL EXPENSES $622,302,384

Year-over-Year Comparison

2023 2022 Change
Revenue $641,512,534 $585,823,463 +0.1%
Expenses $622,302,384 $592,400,396 +0.1%
Net Income $19,210,150 $-6,576,933 -3.9%
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
14
Independent Members
9
Employees
2908
Volunteers
338

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
4
$1,607,985
Total Directors
16
$3,447,769
Key Employees
5
$2,371,690
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/CHAIR 2.0
Officer Director
$0 $0 $7,500
N/A DIRECTOR 2.0
Director
$0 $0 $5,000
N/A Director (Part Year) 2.0
Director
$0 $0 $2,000
N/A DIRECTOR 51.0
Director
$804,572 $78,474 $883,046
N/A DIRECTOR 2.0
Director
$0 $0 $5,000
N/A Director (Part Year) 2.0
Director
$0 $0 $2,000
N/A DIRECTOR (Part Year) 2.0
Director
$0 $0 $0
N/A DIRECTOR 51.0
Director
$703,508 $74,353 $777,861
N/A DIRECTOR 51.0
Director
$0 $29,263 $608,071
N/A Director (Part Year) 2.0
Director
$0 $0 $4,000
N/A DIRECTOR (Part Year) 2.0
Director
$0 $0 $5,000
N/A DIRECTOR (Part Year) 2.0
Director
$0 $0 $2,000
N/A DIRECTOR 51.0
Director
$869,811 $67,389 $937,200
N/A DIRECTOR 2.0
Director
$0 $0 $6,000
N/A DIRECTOR 2.0
Director
$0 $0 $6,000
N/A DIRECTOR 51.0
Director
$169,140 $27,951 $197,091
N/A PRESIDENT (WCR) 33.0
Officer
$0 $154,953 $897,813
N/A SECRETARY (WCR) 35.0
Officer
$0 $47,342 $270,847
N/A CFO/TREASURER (WCR) 35.0
Officer
$0 $66,207 $431,825
N/A CMO / COO (Part Year) (WCR) 35.0
Key Emp
$565,399 $68,153 $633,552
N/A COO (Part Year) (WCR) 35.0
Key Emp
$484,867 $40,883 $525,750
N/A VP-Chief Physician Executive (WCR) 35.0
Key Emp
$453,323 $67,953 $521,276
N/A VP - HUMAN RESOURCES (WCR) 35.0
Key Emp
$0 $68,917 $317,083
N/A CNO (WCR) 35.0
Key Emp
$324,171 $49,858 $374,029
N/A PHY. DEPT. CHAIR 55.0
Highest
$1,131,892 $67,272 $1,199,164
N/A Physician 55.0
Highest
$871,450 $70,106 $941,556
N/A Physician 55.0
Highest
$795,224 $70,856 $866,080
N/A Medical Director 55.0
Highest
$836,205 $70,282 $906,487
N/A PHYSICIAN 55.0
Highest
$1,148,799 $67,528 $1,216,327
N/A FORMER OFFICER 0.0
$0 $64,209 $403,690
N/A FORMER OFFICER 0.0
$0 $62,375 $397,581
N/A FORMER KEY EMPLOYEE 35.0
$184,526 $50,908 $235,434
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 $641,512,534 $622,302,384 $378,909,781 $19,210,150
2022 $585,823,463 $592,400,396 $352,808,000 $-6,576,933
2021 $590,210,775 $522,438,083 $371,491,097 $67,772,692
2020 $504,048,288 $489,377,949 $319,820,511 $14,670,339
2019 $519,461,146 $489,266,523 $475,189,520 $30,194,623
2018 $491,243,338 $464,201,654 $460,062,267 $27,041,684
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