Indiana University Health White Memorial Hospital Inc

EIN: 273532963 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$55,216,897
Total Expenses
$46,930,451
Total Assets
$81,819,030
Net Assets
$57,080,344
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health White Memorial Hospital Inc, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $55.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.3M, a strong 15% 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: $45,001,019 Revenue: $52,115,441

INDIANA UNIVERSITY HEALTH WHITE MEMORIAL HOSPITAL, INC. ("IU HEALTH WHITE MEMORIAL HOSPITAL"), LOCATED IN MONTICELLO, INDIANA, IS A 25-BED CRITICAL ACCESS HOSPITAL THAT OFFERS A COMPREHENSIVE RANGE...

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INDIANA UNIVERSITY HEALTH WHITE MEMORIAL HOSPITAL, INC. ("IU HEALTH WHITE MEMORIAL HOSPITAL"), LOCATED IN MONTICELLO, INDIANA, IS A 25-BED CRITICAL ACCESS HOSPITAL THAT OFFERS A COMPREHENSIVE RANGE OF SERVICES TO CARE FOR ITS PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. ALL PATIENT ROOMS ARE PRIVATE AND BOAST WARM COLORS AND NATURAL LIGHT TO ENHANCE COMFORT AND HEALING. A FAMILY-FRIENDLY ENVIRONMENT OFFERS PULLOUT BEDS FOR OVERNIGHT STAYS AND WIRELESS INTERNET ACCESS. AS PART OF ITS COMMITMENT TO THE COMMUNITY, THE HOSPITAL OFFERS SEVERAL PROGRAMS TO BENEFIT RESIDENTS IN THE MONTICELLO AREA.

Program 2
Expenses: $277,451 Revenue: $321,314

IU HEALTH WHITE MEMORIAL HOSPITAL LEASES PHYSICIAN OFFICE AND CLINIC SPACE TO RELATED TAX-EXEMPT ORGANIZATIONS.

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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 $450,514
Program Service Revenue $52,436,755
Investment Income $2,303,837
Other Revenue $25,791
TOTAL REVENUE $55,216,897

Expense Breakdown

Grants Paid $10,271
Salaries & Benefits $12,974,189
Fundraising Expenses $0
Program Expenses $45,278,470
Other Expenses $33,945,991
TOTAL EXPENSES $46,930,451

Year-over-Year Comparison

2023 2022 Change
Revenue $55,216,897 $47,328,733 +0.2%
Expenses $46,930,451 $42,462,743 +0.1%
Net Income $8,286,446 $4,865,990 +0.7%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
9
Employees
225
Volunteers
96

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 2.0
Director
$0 $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 2.0
Director
$0 $74,353 $777,861
N/A DIRECTOR 2.0
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 2.0
Director
$0 $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 2.0
Director
$0 $27,951 $197,091
N/A PRESIDENT (WCR) 10.0
Officer
$0 $154,953 $897,813
N/A SECRETARY (WCR) 10.0
Officer
$0 $47,342 $270,847
N/A CFO/TREASURER (WCR) 10.0
Officer
$0 $66,207 $431,825
N/A CMO / COO (Part Year) (WCR) 10.0
Key Emp
$0 $68,153 $633,552
N/A COO (Part Year) (WCR) 10.0
Key Emp
$0 $40,883 $525,750
N/A VP-Chief Physician Executive (WCR) 10.0
Key Emp
$0 $67,953 $521,276
N/A VP - HUMAN RESOURCES (WCR) 10.0
Key Emp
$0 $68,917 $317,083
N/A CNO (WCR) 10.0
Key Emp
$0 $49,858 $374,029
N/A Manager - Pharmacy 50.0
Highest
$152,511 $57,570 $210,081
N/A SUPERVISOR, HOUSE 50.0
Highest
$117,579 $36,781 $163,299
N/A COO (Frankfort and White) 35.0
Highest
$264,098 $48,340 $312,438
N/A CNO (Frankfort and White) 30.0
Highest
$175,448 $11,272 $186,720
N/A Manager - Infection Prevention Regional 50.0
Highest
$129,055 $48,837 $177,892
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 Highest Compensated Employee 0.0
$0 $32,275 $290,245
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 $55,216,897 $46,930,451 $81,819,030 $8,286,446
2022 $47,328,733 $42,462,743 $74,724,842 $4,865,990
2021 $47,066,455 $37,318,468 $73,112,699 $9,747,987
2020 $39,711,596 $34,736,770 $68,767,838 $4,974,826
2019 $34,015,776 $32,854,798 $58,533,779 $1,160,978
2018 $31,379,145 $31,049,786 $59,106,976 $329,359
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