Indiana University Health Ball Mem… - 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

1994

Legal Domicile

Phone

3179634842

Tax Period

2023-01-01 to 2023-12-31

Indiana University Health Ball Memorial Physicians Inc, founded in 1994, is a major nonprofit in the Health Care sector that reported $115.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $185.4M exceeded revenue, resulting in a 60% operating deficit.

Mission

LEAD THE TRANSFORMATION OF HEALTHCARE THROUGH QUALITY, INNOVATION & EDUCATION, AND MAKE INDIANA ONE OF THE NATION'S HEALTHIEST STATES.

Program Service Accomplishments

Program 1

Expenses: $119,565,266 Revenue: $79,516,421

INDIANA UNIVERSITY HEALTH BALL MEMORIAL PHYSICIANS IS COMPOSED OF PRIMARY CARE AND SPECIALTY PHYSICIANS COMMITTED TO PROVIDING 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. IU HEALTH BALL MEMORIAL PHYSICIANS HAS MULTIPLE CONVENIENT LOCATIONS THROUGHOUT EAST CENTRAL INDIANA, MANY OF WHICH INCLUDE AN ON-SITE PHARMACY, IMAGING, AND PHYSICAL THERAPY SERVICES.

Program 2

Expenses: $51,541,797 Revenue: $34,277,674

IU HEALTH BALL MEMORIAL PHYSICIANS, INC. PROVIDES SERVICES, WHICH INCLUDE COORDINATED ACTIVITIES AND POLICES, TO RELATED TAX-EXEMPT ORGANIZATIONS DESIGNED TO MEET THE MISSION OF THE INDIANA...

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

Program 3

Expenses: $280 Revenue: $186

OUR NETWORK OF PHARMACIES OFFERS THE CONVENIENCE OF ONE-STOP SHOPPING. WE PROVIDE EXPERT CARE AND HELP PATIENTS MAKE THE BEST USE OF THEIR MEDICATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $403,718

Program Service Revenue $113,794,281

Investment Income $-12,050

Other Revenue $1,399,718

TOTAL REVENUE $115,585,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,649,594

Fundraising Expenses $0

Program Expenses $171,107,343

Other Expenses $37,785,152

TOTAL EXPENSES $185,434,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,585,667	$105,039,038	+0.1%
Expenses	$185,434,746	$156,721,018	+0.2%
Net Income	$-69,849,079	$-51,681,980	+0.4%

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

986

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

$2,398,163

Total Directors

$3,310,819

Key Employees

$1,410,372

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director/Vice Chair (Part Year)	10.0	Officer Director	$0	$37,495	$267,600
N/A	DIRECTOR/VICE CHAIR (Part Year) / COO (ECR)	10.0	Officer Director	$0	$61,965	$441,211
N/A	DIRECTOR/CHAIR/PRESIDENT	10.0	Officer Director	$0	$64,192	$554,413
N/A	DIRECTOR / VP & CMO (ECR)	25.0	Director Key Emp	$0	$77,187	$518,672
N/A	DIRECTOR	49.0	Director	$282,146	$67,475	$349,621
N/A	DIRECTOR	55.0	Director	$461,560	$78,606	$540,166
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR	2.0	Director	$0	$0	$0
N/A	DIRECTOR (Part Year)	55.0	Director	$559,813	$79,323	$639,136
N/A	CFO (ECR) / Treasurer	2.0	Officer	$251,174	$67,467	$454,986
N/A	VP-General Counsel, Asst Secretary (ECR) (Part Year)	0.0	Officer	$0	$50,502	$309,878
N/A	SECRETARY (Part Year)	2.0	Officer	$0	$44,205	$370,075
N/A	VP-Human Resources (ECR)	10.0	Key Emp	$0	$60,926	$260,965
N/A	VP & CHIEF PRACTICE OFFICER	55.0	Key Emp	$236,016	$68,481	$304,497
N/A	VP & CNO (ECR)	10.0	Key Emp	$0	$54,187	$326,238
N/A	Physician	55.0	Highest	$925,553	$41,732	$967,285
N/A	Physician	55.0	Highest	$866,672	$66,483	$933,155
N/A	Physician	55.0	Highest	$932,337	$35,700	$968,037
N/A	PHYSICIAN	55.0	Highest	$1,164,458	$35,927	$1,200,385
N/A	Physician	55.0	Highest	$873,451	$54,121	$927,572
N/A	FORMER DIRECTOR/OFFICER	0.0		$0	$172,192	$1,157,390
N/A	FORMER OFFICER	0.0		$0	$56,719	$387,945

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	$115,585,667	$185,434,746	$18,725,794	$-69,849,079
2022	$105,039,038	$156,721,018	$15,938,853	$-51,681,980
2021	$101,292,379	$141,863,955	$15,262,055	$-40,571,576
2020	$90,589,593	$133,590,014	$15,468,019	$-43,000,421
2019	$95,147,634	$124,796,704	$16,024,027	$-29,649,070
2018	$88,099,881	$118,251,300	$17,890,547	$-30,151,419

Indiana University Health Ball Memorial Physicians Inc