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.

Program Service Accomplishments

Program 1
Expenses: $323,786,845 Revenue: $452,708,905

IU Health North Hospital provides leading family-centered care to Carmel and Hamilton County residents. As a full-service hospital for adults and children with an attached medical office building, IU...

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IU Health North Hospital provides leading family-centered care to Carmel and Hamilton County residents. As a full-service hospital for adults and children with an attached medical office building, IU Health North Hospital brings together physician offices, inpatient beds and operating rooms in a state-of-the-art facility where compassionate caregivers provide superior patient treatment. All patient rooms are private to optimize comfort for each individual and their family, and our wealth of services for adults and children ranges from cardiovascular and orthopedic care to maternity and cancer care. In January 2020, the IU Health Joe & Shelly Schwarz Cancer Center, an 88,000 square foot, two-story facility, opened on the south side of the IU Health North campus. The $55-million investment brings together, all under one roof, cancer services including radiation oncology, hematology-oncology, pharmacy, laboratory and patient navigation to surround patients and their loved ones with the care and support they need. As part of our commitment to fostering the health of our communities, we are proud to also offer the peace of mind that comes with the service and support of Riley Hospital for Children at IU Health's nationally-recognized programs.

Program 2
Expenses: $2,126,382 Revenue: $2,973,043

IU Health North Hospital 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: $484,913 Revenue: $677,991

IU Health North Hospital leases physician office and clinic space to tax-exempt related 501(c)(3) organizations.

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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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Liquidity & Cash Position

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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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