Indiana University Health Care Associates Inc

EIN: 351747218 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$1,283,406,061
Total Expenses
$1,735,477,743
Total Assets
$191,252,481
Net Assets
$-57,623,988
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Care Associates Inc, founded in 1987, is a large national nonprofit in the Health Care sector that reported $1.3B in total revenue in fiscal year 2023. Expenses of $1.7B exceeded revenue, resulting in a 35% operating deficit.

Mission

To deliver preeminent medical care and service to our patients and communities through outstanding and innovative medical leadership and practice, while participating in and supporting excellence in education and research. We achieve this with the vision of becoming the Midwest's premier academic multi-specialty physician group by being: - Renowned for our scope and quality of compassionate, patient-centered care; world-class care. - Recognized for our exemplary access and service to patients and referring physicians, putting patients first. - Lauded for our ability to improve the health of community for which it serves. - Distinguished for our scientific investigation and research that defines tomorrow's care. - Celebrated for our commitment to the education and training of health professionals and acclaimed for the quality of our learners. - Acclaimed for our development of world-class academic leadership and the next generation of health care experts.

Program Service Accomplishments

Program 1
Expenses: $1,091,194,495 Revenue: $846,118,151

INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC. ("IU HEALTH PHYSICIANS") IS THE MOST COMPLETE MULTI-SPECIALTY PHYSICIAN GROUP IN THE STATE OF INDIANA. IU HEALTH PHYSICIANS PROVIDES HIGH QUALITY...

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INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC. ("IU HEALTH PHYSICIANS") IS THE MOST COMPLETE MULTI-SPECIALTY PHYSICIAN GROUP IN THE STATE OF INDIANA. IU HEALTH PHYSICIANS PROVIDES HIGH QUALITY PATIENT-CENTERED CARE PLACING THE HIGHEST PRIORITY ON THE NEEDS OF THE PATIENT AND THEIR FAMILIES, WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY.

Program 2
Expenses: $535,630,174 Revenue: $415,330,552

IU HEALTH PHYSICIANS PROVIDES SERVICES, WHICH INCLUDE COORDINATED ACTIVITIES AND POLICIES, TO RELATED TAX-EXEMPT ORGANIZATIONS DESIGNED TO MEET THE MISSION OF THE INDIANA UNIVERSITY HEALTH SYSTEM.

Program 3
Expenses: $19,451,300 Revenue: $15,082,644

IU Health Care Associates leases physician office and clinic space to tax-exempt RELATED 501(C)(3) ORGS.

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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 $2,158,085
Program Service Revenue $1,280,635,433
Investment Income $437,774
Other Revenue $174,769
TOTAL REVENUE $1,283,406,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,351,167,149
Fundraising Expenses $0
Program Expenses $1,651,568,795
Other Expenses $384,310,594
TOTAL EXPENSES $1,735,477,743

Year-over-Year Comparison

2023 2022 Change
Revenue $1,283,406,061 $1,230,333,350 +0.0%
Expenses $1,735,477,743 $1,600,675,725 +0.1%
Net Income $-452,071,682 $-370,342,375 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
7
Independent Members
2
Employees
7385
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
4
$3,049,765
Total Directors
8
$6,992,033
Key Employees
1
$414,547
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Director/Chair 55.0
Officer Director
$639,732 $13,202 $652,934
N/A Director/Vice Chair 55.0
Officer Director
$891,140 $35,700 $926,840
N/A Director 10.0
Director
$0 $211,047 $1,247,272
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $44,500
N/A DIRECTOR 2.0
Director
$0 $183,503 $1,084,751
N/A DIRECTOR 2.0
Director
$0 $300,768 $2,262,216
N/A Director 55.0
Director
$707,926 $65,594 $773,520
N/A President (Part Year) 55.0
Officer
$969,124 $112,922 $1,082,046
N/A CFO 55.0
Officer
$0 $56,719 $387,945
N/A COO/CNO (PART YEAR) 55.0
Key Emp
$350,857 $63,690 $414,547
N/A PHYSICIAN 55.0
Highest
$2,008,848 $36,360 $2,045,208
N/A PHYSICIAN 55.0
Highest
$1,336,886 $35,808 $1,372,694
N/A DIVISION CHIEF 55.0
Highest
$1,674,216 $43,200 $1,717,416
N/A Physician 55.0
Highest
$1,325,280 $25,063 $1,350,343
N/A Physician 55.0
Highest
$1,771,107 $70,930 $1,842,037
N/A FORMER KEY EMPLOYEE 50.0
$0 $69,942 $491,999
N/A Former Officer 2.0
$1,269,571 $221,658 $1,491,229
N/A FORMER DIRECTOR AND OFFICER 55.0
$278,804 $41,260 $322,064
N/A FORMER OFFICER 53.0
$5,222 $32,469 $314,072
N/A FORMER KEY EMPLOYEE 55.0
$244,384 $41,605 $285,989
N/A FORMER DIRECTOR & OFFICER 49.0
$653,475 $144,075 $797,550
N/A FORMER OFFICER 55.0
$366,571 $43,202 $409,773
N/A Former Director/Vice Chair 55.0
$530,154 $31,242 $561,396
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 $1,283,406,061 $1,735,477,743 $191,252,481 $-452,071,682
2022 $1,230,333,350 $1,600,675,725 $179,374,815 $-370,342,375
2021 $1,076,786,666 $1,422,209,334 $204,039,501 $-345,422,668
2020 $866,260,002 $1,190,225,988 $196,785,353 $-323,965,986
2019 $864,178,118 $1,136,222,470 $236,325,955 $-272,044,352
2018 $800,584,674 $1,075,300,197 $179,211,139 $-274,715,523
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