COMMUNITY HEALTH NETWORK INC

EIN: 350983617 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$2,181,454,561
Total Expenses
$2,009,674,808
Total Assets
$2,936,217,179
Net Assets
$409,000,180
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
IN
Principal Officer
JASON FAHRLANDER
Phone
3176215345
Tax Period
2023-01-01 to 2023-12-31

COMMUNITY HEALTH NETWORK INC, founded in 1952, is a large national nonprofit in the Health Care sector that reported $2.2B in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.0B left a modest 8% surplus.

Mission

COMMUNITY HEALTH NETWORK, INC. ("CHNW") IS A 501(C)(3) CORPORATION SERVING THE HEALTH RELATED NEEDS OF THE CITIZENS OF THE INDIANAPOLIS METROPOLITAN AREA AND CENTRAL INDIANA. CHNW OPERATES THREE GENERAL ACUTE CARE HOSPITALS AND PROVIDES INPATIENT, OUTPATIENT, EMERGENCY AND AMBULATORY HEALTH CARE SERVICES TO ALL PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. CHNW'S MISSION IS TO: A) PROMOTE THE HEALTH AND WELL-BEING OF THE RESIDENTS IN CENTRAL INDIANA, AND ESTABLISH, MAINTAIN AND OPERATE HOSPITALS AND HEALTH CARE FACILITIES FOR THE WELL-BEING, CARE AND TREATMENT OF SICK, INJURED OR DISABLED PERSONS WITHOUT REGARD TO CREED, COLOR OR NATIONALITY; B) SERVE AS THE PARENT OF THE NETWORK, AN INTEGRATED DELIVERY SYSTEM, AND EXERCISE COMMON SUPERVISION AND CONTROL OVER THE NETWORK BY INTEGRATING, COORDINATING, AND MANAGING THE DELIVERY OF CAPITAL, RESOURCES, AND SERVICES THROUGHOUT THE NETWORK. IN FURTHERANCE OF ITS ROLE AS THE PARENT, THE CORPORATION IS RESPONSIBLE FOR CARRYING OUT A NUMBER OF SIGNIFICANT MANAGEMENT, GOVERNANCE, AND OPERATIONAL FUNCTIONS ON BEHALF OF THE ENTIRE NETWORK, THE SUPPORTED ORGANIZATIONS, AND THEIR RESPECTIVE SUBSIDIARIES AND AFFILIATES.

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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 $20,891,379
Program Service Revenue $2,047,660,370
Investment Income $49,792,259
Other Revenue $63,110,553
TOTAL REVENUE $2,181,454,561

Expense Breakdown

Grants Paid $3,495,846
Salaries & Benefits $675,827,384
Fundraising Expenses $0
Program Expenses $1,125,967,069
Other Expenses $1,330,351,578
TOTAL EXPENSES $2,009,674,808

Year-over-Year Comparison

2023 2022 Change
Revenue $2,181,454,561 $1,955,487,957 +0.1%
Expenses $2,009,674,808 $1,568,198,178 +0.3%
Net Income $171,779,753 $387,289,779 -0.6%
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
13
Independent Members
10
Employees
10077
Volunteers
295

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
14
$14,086,155
Total Directors
16
$5,225,991
Key Employees
5
$3,085,169
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN A MILLS DIRECTOR/PRESIDENT & CEO 45.00
Officer Director
$1,538,467 $1,414,454 $2,952,921
RAMARAO YELETI MD EVP CHIEF PHYSICIAN EXECUTIVE 58.00
Officer
$1,041,300 $658,503 $1,699,803
JASON FAHRLANDER EVP COO 44.00
Officer
$849,160 $611,851 $1,461,011
KYLE FISHER EVP CFO 53.00
Officer
$758,754 $531,229 $1,289,983
PATRICK MCGILL MD EVP CHIEF ANALYTICS OFFICER 52.00
Officer
$742,743 $525,981 $1,268,724
KAREN ANN LLOYD EVP GEN COUNSEL/SECRETARY MAR-DEC 23 52.00
Officer Director
$752,378 $431,361 $1,183,739
JOHN KUNZER MD MMM EVP PHYSICIAN EXECUTIVE 2.00
Officer
$0 $492,315 $1,174,384
KANWALDEEP SIDHU MD PSYCHIATRIST 50.00
Highest
$906,889 $182,829 $1,089,718
ISHRAT BHAT PSYCHIATRIST 50.00
Highest
$864,909 $176,090 $1,040,999
VIRGINIA DAVIDSON EVP CHIEF RISK & COMPLIANCE OFFICER 50.00
Officer
$585,325 $398,682 $984,007
SYED HASAN MD PSYCHIATRIST 50.00
Highest
$802,805 $170,740 $973,545
SHILPA GUGGALI PSYCHIATRIST 50.00
Highest
$802,419 $169,420 $971,839
MICHELLE MAHAFFEY CHIEF HR OFFICER 54.00
Officer
$534,863 $370,787 $905,650
ELIZABETH S THARP MBA BSN RN SVP HOSPITAL ACUTE CARE SERVICES/CNO 35.00
Key Emp
$543,274 $299,033 $842,307
ROBIN LEDYARD MD SVP CHIEF MEDICAL OFFICER 38.00
Key Emp
$551,012 $291,176 $842,188
KATHY KRUSIE SVP-CPN CHIEF ADMINISTRATIVE OFFICER 10.00
Highest
$509,011 $285,335 $794,346
ANNETTE M MOORE MD DIRECTOR 2.00
Director
$0 $19,800 $663,276
JEAN PUTNAM DNP RN EVP CHIEF NURSING OFFICER 45.00
Officer
$491,795 $165,261 $657,056
DIANE MCDANIEL CHIEF DEI OFFICER 54.00
Officer
$301,020 $207,857 $508,877
JENNIFER HINDMAN VP HOSPITAL ADMINISTRATOR 37.50
Key Emp
$256,849 $139,739 $482,204
PAIGE DOOLEY MSN MBA RN NE-BC VP CNE & CHIEF ADMINISTRATOR - EAST 50.00
Key Emp
$348,732 $118,194 $466,926
ANGIE DUNST MBA BSN VP CNE & CHIEF ADMINISTRATOR - NORTH 50.00
Key Emp
$327,680 $123,864 $451,544
CHARLES PLATZ MD DIRECTOR 2.00
Director
$0 $85,192 $426,055
DAVID KILEY MD FORMER SVP INDY REGION PRES 40.00
$282,227 $62,911 $345,138
GARY S ALETTO DIRECTOR 2.00
Director
$0 $0 $0
JASON E BECKER TREASURER 2.00
Officer Director
$0 $0 $0
RODNEY D COTTON DIRECTOR 2.00
Director
$0 $0 $0
BRUCE F KING DIRECTOR 2.00
Director
$0 $0 $0
MAGGIE A LEWIS DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL PETERSON DIRECTOR THRU FEB 2023 2.00
Director
$0 $0 $0
RAFAEL A SANCHEZ DIRECTOR 2.00
Director
$0 $0 $0
YVONNEE H SHAHEEN SECRETARY THRU FEB 2023 2.00
Officer Director
$0 $0 $0
KRISTIN T SHERMAN CHAIR 2.00
Officer Director
$0 $0 $0
CHARLES SCOTT VORE DIRECTOR 2.00
Director
$0 $0 $0
MARINA WATERS DIRECTOR 2.00
Director
$0 $0 $0
BRIAN K WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
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 $2,181,454,561 $2,009,674,808 $2,936,217,179 $171,779,753
2022 $1,955,487,957 $1,568,198,178 $2,959,581,093 $387,289,779
2021 $1,915,348,834 $1,441,918,394 $5,173,988,143 $473,430,440
2020 $1,706,957,599 $1,308,454,209 $4,686,757,579 $398,503,390
2019 $1,645,868,785 $1,232,434,044 $3,984,104,590 $413,434,741
2018 $1,512,039,846 $1,148,125,393 $3,419,676,844 $363,914,453
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