Indiana University Health Morgan Inc (EIN 273533027) - 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

2022-01-01 to 2022-12-31

Indiana University Health Morgan Inc, founded in 2010, is a small nonprofit that reported $661K in total revenue in fiscal year 2022. Revenue surged 383% from the prior year, signaling strong growth momentum. Expenses of $929K exceeded revenue, resulting in a 41% operating deficit.

Mission

To support Indiana University Health's provision of medical and healthcare services in Morgan County.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $642,252

Other Revenue $18,784

TOTAL REVENUE $661,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $874,565

Other Expenses $929,034

TOTAL EXPENSES $929,034

Year-over-Year Comparison

	2022	2021	Change
Revenue	$661,036	$136,994	+3.8%
Expenses	$929,034	$945,711	0.0%
Net Income	$-267,998	$-808,717	-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

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

$1,538,824

Total Directors

$1,174,349

Key Employees

$230,170

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR/REGIONAL PRESIDENT (SCR)	2.0	Officer Director	$0	$185,247	$1,151,849
N/A	DIRECTOR/SEC/TREAS (PART YEAR)	2.0	Officer Director	$0	$0	$900
N/A	DIRECTOR/CHAIR	2.0	Officer Director	$0	$0	$3,600
N/A	Director/Secretary (Part Year)	2.0	Officer Director	$0	$0	$3,600
N/A	DIRECTOR	2.0	Director	$0	$0	$3,600
N/A	DIRECTOR	2.0	Director	$0	$0	$3,600
N/A	DIRECTOR	2.0	Director	$0	$0	$3,600
N/A	DIRECTOR	2.0	Director	$0	$0	$3,600
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	VP & CFO (SCR)	5.0	Officer	$0	$58,505	$378,875
N/A	VP, COO/CNO-MORGAN	50.0	Key Emp	$0	$30,259	$230,170
N/A	FORMER PRESIDENT	0.0		$0	$39,671	$316,693

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
2022	$661,036	$929,034	$12,400,029	$-267,998
2021	$136,994	$945,711	$13,169,671	$-808,717
2020	$64,626	$1,068,540	$13,874,297	$-1,003,914
2019	$60,771	$1,289,480	$14,779,875	$-1,228,709
2018	$308,261	$1,549,521	$27,217,288	$-1,241,260

Indiana University Health Morgan Inc