Indiana University Health North Hospital Inc

EIN: 351932442 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$487,188,764
Total Expenses
$338,536,431
Total Assets
$891,723,975
Net Assets
$862,483,790
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health North Hospital Inc, founded in 1994, is a major nonprofit in the Health Care sector that reported $487.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $148.7M, a strong 31% operating margin.

Mission

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

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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 $144,568
Program Service Revenue $456,359,939
Investment Income $29,874,405
Other Revenue $809,852
TOTAL REVENUE $487,188,764

Expense Breakdown

Grants Paid $185
Salaries & Benefits $115,300,008
Fundraising Expenses $0
Program Expenses $326,398,140
Other Expenses $223,236,238
TOTAL EXPENSES $338,536,431

Year-over-Year Comparison

2023 2022 Change
Revenue $487,188,764 $430,538,006 +0.1%
Expenses $338,536,431 $321,896,636 +0.1%
Net Income $148,652,333 $108,641,370 +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

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Governance

Voting Members
9
Independent Members
6
Employees
1564
Volunteers
239

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
5
$1,702,936
Total Directors
11
$2,196,083
Key Employees
4
$1,508,646
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR / PRESIDENT (ISR) 33.0
Officer Director
$0 $183,503 $1,084,751
N/A DIRECTOR/CHAIR 2.0
Officer Director
$0 $0 $11,250
N/A Director/Vice Chair 2.0
Officer Director
$0 $0 $10,000
N/A Director 2.0
Director
$0 $0 $8,500
N/A DIRECTOR 2.0
Director
$0 $0 $8,000
N/A DIRECTOR 2.0
Director
$0 $0 $44,500
N/A DIRECTOR (Part Year) 2.0
Director
$0 $35,700 $618,398
N/A DIRECTOR (Part Year) 2.0
Director
$0 $0 $3,750
N/A DIRECTOR 2.0
Director
$0 $0 $7,000
N/A DIRECTOR 2.0
Director
$0 $30,129 $393,934
N/A DIRECTOR 2.0
Director
$0 $0 $6,000
N/A CFO (ISR) 35.0
Officer
$0 $64,209 $403,690
N/A Secretary 5.0
Officer
$0 $16,698 $193,245
N/A VP, COO (ISR) 30.0
Key Emp
$298,930 $53,689 $352,619
N/A VP-CNO (ISR) 35.0
Key Emp
$0 $34,144 $298,895
N/A VP-CMO (ISR) 30.0
Key Emp
$455,278 $76,110 $552,948
N/A REGIONAL VP-HR (ISR) 35.0
Key Emp
$0 $58,312 $304,184
N/A DIRECTOR-ALLIED SERVICES 50.0
Highest
$221,265 $16,887 $238,152
N/A Pharmacist 50.0
Highest
$143,215 $62,163 $205,378
N/A Director-Surgical Services 50.0
Highest
$174,422 $46,851 $221,273
N/A Pharmacist 50.0
Highest
$169,710 $49,666 $219,376
N/A Director - Facilities 50.0
Highest
$167,628 $42,869 $210,497
N/A Former Officer 5.0
$0 $39,916 $221,662
N/A FORMER KEY EMPLOYEE 0.0
$0 $154,953 $897,813
N/A FORMER Highest Compensated Employee 0.0
$0 $38,207 $247,989
N/A FORMER OFFICER 0.0
$0 $62,375 $397,581
N/A FORMER Highest Compensated Employee 0.0
$0 $59,732 $252,751
N/A Former Key Employee 35.0
$0 $13,054 $296,839
N/A Former Highest Compensated Employee 0.0
$0 $0 $256,032
N/A FORMER KEY EMPLOYEE 0.0
$0 $62,470 $634,457
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 $487,188,764 $338,536,431 $891,723,975 $148,652,333
2022 $430,538,006 $321,896,636 $742,757,891 $108,641,370
2021 $390,219,781 $276,727,165 $638,897,232 $113,492,616
2020 $369,136,756 $256,881,089 $524,444,485 $112,255,667
2019 $293,098,179 $221,162,276 $612,988,321 $71,935,903
2018 $275,118,252 $211,082,153 $539,270,716 $64,036,099
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