INDIANA HEALTH CENTERS INC

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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

1981

Legal Domicile

Principal Officer

ANN LUNDY

Phone

3175761335

Tax Period

2024-01-01 to 2024-12-31

INDIANA HEALTH CENTERS INC, founded in 1981, is a mid-sized nonprofit in the Health Care sector that reported $42.9M in total revenue in fiscal year 2024.

Mission

IMPROVING THE HEALTH STATUS OF THE COMMUNITY AT LARGE WITH SPECIAL EMPHASIS ON THOSE WHO, BECAUSE OF THEIR POVERTY, LOCATION IN RURAL AREAS, OR FOR OTHER REASONS, HAVE HEALTH NEEDS WHICH ARE NOT BEING PROPERLY ADDRESSED.

Program Service Accomplishments

Program 1

Expenses: $28,678,604 Revenue: $25,639,937

MEDICAL OFFICE VISIT SERVICES: TO MEET INDIANA HEALTH CENTERS, INC.'S MISSION, THE ORGANIZATION PROVIDED MEDICAL SERVICES TO 36,499 PATIENTS WITH TOTAL VISITS OF 115,199. THIS REPRESENTS AN AVERAGE...

Program 2

Expenses: $3,634,923 Revenue: $2,813,234

DENTAL OFFICE SERVICES: TO MEET INDIANA HEALTH CENTER, INC.'S MISSION, THE ORGANIZATION PROVIDED DENTAL SERVICES TO 7,414 PATIENTS WITH TOTAL VISITS OF 15,317. THIS REPRESENTS AN AVERAGE OF 2.07...

DENTAL OFFICE SERVICES: TO MEET INDIANA HEALTH CENTER, INC.'S MISSION, THE ORGANIZATION PROVIDED DENTAL SERVICES TO 7,414 PATIENTS WITH TOTAL VISITS OF 15,317. THIS REPRESENTS AN AVERAGE OF 2.07 VISITS PER PATIENT.

Program 3

Expenses: $2,710,407

WOMEN, INFANT AND CHILDREN (WIC) SERVICES PROVIDED TO A MONTHLY AVERAGE OF 9,900 CLIENTS IN 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $14,258,845

Program Service Revenue $28,168,043

Investment Income $210,608

Other Revenue $285,128

TOTAL REVENUE $42,922,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,196,118

Fundraising Expenses $0

Program Expenses $35,023,934

Other Expenses $13,874,979

TOTAL EXPENSES $43,071,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,922,624	$41,769,092	+0.0%
Expenses	$43,071,097	$41,132,009	+0.0%
Net Income	$-148,473	$637,083	-1.2%

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

427

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

$930,472

Total Directors

Key Employees

$843,046

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY FOUNTAIN	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
AYO OJUTALAYO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN KELLY	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DAVID MCDONALD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID NEWGENT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR BERNIE EMKES	BOARD MEMBER	1.00	Director	$0	$0	$0
EARL LANE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA MCCOY	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
MARICELA NAVARRO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MIKE BUSCH	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
REBEKAH PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNA GIRGIS	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHANIE BALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA HABEGGER	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKY FAWLEY	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
AARON KALINOWSKI MD	CHIEF MEDICAL OFFICER	40.00	Officer	$353,960	$28,665	$382,625
ANN LUNDY	PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$289,387	$41,807	$331,194
TRACY NAGEL	CHIEF FINANCIAL OFFICER	40.00	Officer	$209,382	$7,271	$216,653
AMBER LUPOI	CHIEF OPERATING OFFICER	40.00	Key Emp	$174,599	$53,840	$228,439
KELLY ROCHFORD	CHIEF HUMAN RESOURCE OFFICER	40.00	Key Emp	$162,349	$5,815	$168,164
NICOLE MEYER	CHIEF QUALITY & COMPLIANCE OFFICER	40.00	Key Emp	$172,579	$55,288	$227,867
TRENT STONE	CHIEF INFORMATION OFFICER	40.00	Key Emp	$167,630	$50,946	$218,576
AHMAD SOLIMAN	LEAD PEDIATRICIAN	40.00	Highest	$263,455	$56,511	$319,966
DR BETHANY WAIT	DEPUTY CHIEF MEDICAL OFFICER	40.00	Highest	$313,227	$55,258	$368,485
DR JOHN SAVAGE	FAMILY MEDICINE PHYSICIAN	40.00	Highest	$290,358	$8,645	$299,003
DR PHILIP RENFROE	FAMILY MEDICINE PHYSICIAN	40.00	Highest	$284,739	$43,595	$328,334
JERRA SHARP-WILLIAMS	DEPUTY CHIEF DENTAL OFFICER	40.00	Highest	$253,923	$67,085	$321,008

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	$42,922,624	$43,071,097	$23,699,711	$-148,473
2023	$41,769,092	$41,132,009	$22,857,354	$637,083
2022	$35,320,301	$32,650,169	$21,050,391	$2,670,132
2021	$32,949,084	$31,833,013	$17,087,147	$1,116,071
2020	$32,284,311	$30,101,072	$15,305,775	$2,183,239
2020	$33,156,683	$30,101,072	$15,305,775	$3,055,611
2019	$30,417,801	$29,915,963	$11,555,324	$501,838
2018	$29,588,719	$28,852,543	$11,620,070	$736,176