Indiana University Health White Memorial Hospital Inc (EIN 273532963) - Form 990 Financial Analysis & Trantor Score

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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

2010

Legal Domicile

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.

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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 $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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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

225

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

$1,607,985

Total Directors

$3,447,769

Key Employees

$2,371,690

Highest Compensated

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

Indiana University Health White Memorial Hospital Inc