INDIANA UNIVERSITY RADIOLOGY ASSOC… - Form 990 Financial Data

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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

1980

Legal Domicile

Principal Officer

HIMANSHU SHAH

Phone

3172744333

Tax Period

2022-07-01 to 2023-06-30

INDIANA UNIVERSITY RADIOLOGY ASSOCIATES INC, founded in 1980, is a mid-sized nonprofit in the Health Care sector that reported $66.9M in total revenue in fiscal year 2022.

Mission

PROVIDES PHYSICIAN SERVICE TO HOSPITAL PATIENTS AND STATE INSTITUTIONS. PERFORMS RELATED RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $68,986,518 Revenue: $65,222,308

PROVIDING PHYSICIAN SERVICE TO HOSPITAL PATIENTS AND STATE INSTITUTIONS. PERFORMING RELATED RESEARCH.

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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 $65,222,308

Investment Income $1,118,710

Other Revenue $564,444

TOTAL REVENUE $66,905,462

Expense Breakdown

Grants Paid $3,522,950

Salaries & Benefits $99,533

Fundraising Expenses $0

Program Expenses $68,986,518

Other Expenses $65,574,143

TOTAL EXPENSES $69,196,626

Year-over-Year Comparison

	2022	2021	Change
Revenue	$66,905,462	$65,861,181	+0.0%
Expenses	$69,196,626	$66,053,185	+0.0%
Net Income	$-2,291,164	$-192,004	+10.9%

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

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

Total Directors

$93,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY HUTCHINS	BOARD MEMBER	50.00	Director	$82,646	$10,382	$93,028
JEFFREY DUNKLE	PRESIDENT	50.00	Officer Director	$0	$0	$0
BART LEFAN	DIRECTOR OF FINANCE	50.00	Officer Director	$0	$0	$0
BRANDON BROWN	BOARD MEMBER	50.00	Director	$0	$0	$0
RICHARD GUNDERMAN	BOARD MEMBER	50.00	Director	$0	$0	$0
LAUREN HARRY	BOARD MEMBER	50.00	Director	$0	$0	$0
MICHAEL SCHACHT	BAORD MEMBER	50.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$66,905,462	$69,196,626	$42,180,888	$-2,291,164
2022	$65,861,181	$66,053,185	$41,299,059	$-192,004
2021	$62,520,619	$62,836,327	$48,207,425	$-315,708
2020	$56,375,050	$58,135,089	$40,695,885	$-1,760,039
2019	$54,794,415	$51,507,065	$40,230,257	$3,287,350
2018	$46,598,545	$45,242,313	$39,296,346	$1,356,232

INDIANA UNIVERSITY RADIOLOGY ASSOCIATES INC