Indiana University Health Inc

EIN: 351955872 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$5,752,062,837
Total Expenses
$4,970,388,034
Total Assets
$11,659,974,071
Net Assets
$6,989,009,495
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Inc, founded in 1995, is a large national nonprofit in the Health Care sector that reported $5.8B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $5.0B left a modest 14% surplus.

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: $2,511,776,297 Revenue: $2,856,650,345

NET PATIENT SERVICE REVENUE: INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH") IS AN ACADEMIC HEALTH CENTER COMPRISED OF IU HEALTH METHODIST HOSPITAL, IU HEALTH UNIVERSITY HOSPITAL, AND RILEY HOSPITAL...

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NET PATIENT SERVICE REVENUE: INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH") IS AN ACADEMIC HEALTH CENTER COMPRISED OF IU HEALTH METHODIST HOSPITAL, IU HEALTH UNIVERSITY HOSPITAL, AND RILEY HOSPITAL FOR CHILDREN AT IU HEALTH (TOGETHER REFERRED TO AS "IU HEALTH ACADEMIC HEALTH CENTER"), IU HEALTH SAXONY HOSPITAL, AND IU HEALTH MORGAN. IT ALSO OFFERS PHARMACY, HOME CARE, OUTPATIENT, AND EMERGENCY TRANSPORT SERVICES THROUGHOUT THE CENTRAL INDIANA AREA. IU HEALTH INCORPORATES A UNIQUE PARTNERSHIP WITH INDIANA UNIVERSITY SCHOOL OF MEDICINE ("IU SCHOOL OF MEDICINE"), ONE OF THE NATION'S LEADING MEDICAL SCHOOLS, TO GIVE PATIENTS ACCESS TO INNOVATIVE TREATMENTS AND THERAPIES, ALL WITHOUT REGARD TO THEIR ABILITY TO PAY. IU HEALTH IS ALSO THE PARENT ORGANIZATION OF THE IU HEALTH SYSTEM, INDIANA'S MOST COMPREHENSIVE HEALTH CARE SYSTEM. IU HEALTH METHODIST AND IU HEALTH UNIVERSITY HOSPITALS IU HEALTH METHODIST AND IU HEALTH UNIVERSITY HOSPITALS, LOCATED IN INDIANAPOLIS, INDIANA, ARE A 1,025-BED ADULT ACADEMIC HEALTH CENTER IN PARTNERSHIP WITH THE IU SCHOOL OF MEDICINE. IU HEALTH METHODIST HOSPITAL AND IU HEALTH UNIVERSITY HOSPITAL ARE DESIGNATED AS MAGNET HOSPITALS, RECOGNIZED FOR EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS. IU HEALTH UNIVERSITY HOSPITAL IS A LEADING ACADEMIC MEDICAL CENTER WITH A COMMITMENT TO DISSEMINATING RESEARCH FINDINGS WHILE IMPROVING THE QUALITY OF LIFE FOR PEOPLE ON A LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL BASIS. IU HEALTH METHODIST HOSPITAL AND IU HEALTH UNIVERSITY HOSPITAL BOTH SERVE AN ADULT POPULATION. THESE HOSPITALS LEAD THE WAY IN COMMUNITY BENEFIT INITIATIVES. A SUBSTANTIAL PIECE OF COMMUNITY BENEFIT IS PROVIDING EXCELLENT CARE TO PATIENTS, REGARDLESS OF THEIR ABILITY TO PAY. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH RILEY HOSPITAL FOR CHILDREN AT IU HEALTH, LOCATED IN INDIANAPOLIS, INDIANA, IS A 276-BED CHILDREN'S HOSPITAL THAT IS INDIANA'S LARGEST AND MOST COMPREHENSIVE PEDIATRIC HOSPITAL. IT IS REGULARLY RANKED AMONG THE TOP CHILDREN'S HOSPITALS IN THE COUNTY BY U.S. NEWS & WORLD REPORT'S BEST CHILDREN'S HOSPITALS. IN ADDITION TO CLINICAL EXPERTISE, RILEY HOSPITAL FOR CHILDREN AT IU HEALTH'S PARTNERSHIP WITH THE IU SCHOOL OF MEDICINE ENSURES THAT PATIENTS HAVE ACCESS TO THE MOST INNOVATIVE TREATMENTS AND THE LATEST RESEARCH AND TECHNOLOGY. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH PROVIDES COMPREHENSIVE, FAMILY-CENTERED CARE TO MORE THAN 250,000 CHILDREN ANNUALLY THROUGH ITS STATEWIDE PRIMARY AND SPECIALTY CARE OFFICES, AND INPATIENT AND OUTPATIENT SERVICES AT ITS FLAGSHIP HOSPITAL. PEDIATRIC PATIENTS AND THEIR FAMILIES TRAVEL FROM ALL 92 INDIANA COUNTIES, THE REGION AND THE WORLD TO ACCESS THE NATIONALLY RECOGNIZED CLINICAL PROGRAMS OF RILEY HOSPITAL FOR CHILDREN AT IU HEALTH. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH IS ALSO DESIGNATED AS A MAGNET HOSPITAL, RECOGNIZED FOR EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS. IU HEALTH SAXONY HOSPITAL IU HEALTH SAXONY HOSPITAL, LOCATED IN FISHERS, INDIANA, IS A 32-BED SPECIALTY CARE HOSPITAL PRIMARILY FOCUSING ON SURGICAL SERVICES FOR CARDIOVASCULAR AND ORTHOPEDICS. IT OPENED IN 2011 AND INCLUDES SIX OPERATING ROOMS, A FULL EMERGENCY DEPARTMENT, A HELIPAD FOR MEDICAL TRANSPORT AND A MEDICAL OFFICE COMPLEX. IU HEALTH SAXONY HOSPITAL IS ALSO HOME TO THE INDIANA UNIVERSITY HEALTH HIP AND KNEE CENTER. HERE, THE TEAM OF FELLOWSHIP TRAINED SURGEONS PERFORM MORE HIP AND KNEE REPLACEMENTS THAN ANY OTHER IU HEALTH FACILITY IN THE STATE. IU HEALTH MORGAN IU HEALTH MORGAN, AN OUTPATIENT DEPARTMENT OF THE IU HEALTH ACADEMIC HEALTH CENTER LOCATED IN MARTINSVILLE, INDIANA, OFFERS COVERAGE IN ADULT AND PEDIATRIC CARE; SPECIALTY CARE; EMERGENCY AND URGENT CARE; DIAGNOSTIC IMAGING INCLUDING 3D MAMMOGRAPHY; LAB TESTING; OUTPATIENT SURGICAL SERVICES; CANCER CARE, INCLUDING MEDICAL AND RADIATION ONCOLOGY; CARDIAC, PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES; SLEEP LAB; AND COMMUNITY HEALTH AND WELLNESS, INCLUDING MEDICAL NUTRITION THERAPY AND DIABETES CARE.

Program 2
Expenses: $710,835,872 Revenue: $808,435,665

LABORATORY SERVICES: The laboratories of IU Health offer some of the most comprehensive laboratory services in Indiana. Open 24 hours a day, seven days a week, the laboratories perform more than 19...

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LABORATORY SERVICES: The laboratories of IU Health offer some of the most comprehensive laboratory services in Indiana. Open 24 hours a day, seven days a week, the laboratories perform more than 19 million tests a year. In addition to IU Health, laboratory testing services are provided to hospitals and physicians across the country.

Program 3
Expenses: $527,510,145 Revenue: $599,938,792

SHARED SERVICES REVENUE: AS THE PARENT OF THE INDIANA UNIVERSITY HEALTH SYSTEM, IU HEALTH FACILITATES EFFORTS AND SHARED SERVICES ON BEHALF OF AND FOR THE BENEFIT OF IU Health AND ITS AFFILIATES...

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SHARED SERVICES REVENUE: AS THE PARENT OF THE INDIANA UNIVERSITY HEALTH SYSTEM, IU HEALTH FACILITATES EFFORTS AND SHARED SERVICES ON BEHALF OF AND FOR THE BENEFIT OF IU Health AND ITS AFFILIATES. CERTAIN COSTS RELATED TO PROVIDING THESE SHARED SERVICES ARE ALLOCATED OUT OR CHARGED TO THE AFFILIATES. FACILITATING THESE EFFORTS AND SERVICES ALLOWS IU Health AND ITS AFFILIATES TO BETTER CARRY OUT THEIR EXEMPT FUNCTIONS BY REDUCING COSTS, HAVING STANDARDIZED PRACTICES AND PROCEDURES, AND CREATING ECONOMIES OF SCALE.

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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 $32,681,739
Program Service Revenue $5,379,979,956
Investment Income $290,300,471
Other Revenue $49,100,671
TOTAL REVENUE $5,752,062,837

Expense Breakdown

Grants Paid $17,981,887
Salaries & Benefits $1,842,555,722
Fundraising Expenses $0
Program Expenses $4,732,884,844
Other Expenses $3,109,850,425
TOTAL EXPENSES $4,970,388,034

Year-over-Year Comparison

2023 2022 Change
Revenue $5,752,062,837 $4,969,270,261 +0.2%
Expenses $4,970,388,034 $4,664,586,372 +0.1%
Net Income $781,674,803 $304,683,889 +1.6%
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
15
Independent Members
13
Employees
23282
Volunteers
1756

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
6
$8,261,715
Total Directors
15
$6,042,571
Key Employees
5
$7,334,824
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/VICE-CHAIR 6.0
Officer Director
$37,500 $0 $37,500
N/A DIRECTOR/PRESIDENT & CEO 60.0
Officer Director
$3,987,200 $982,839 $4,970,039
N/A DIRECTOR/VICE-CHAIR 6.0
Officer Director
$0 $0 $0
N/A BOARD CHAIR/DIRECTOR 6.0
Officer Director
$50,000 $0 $50,000
N/A DIRECTOR 6.0
Director
$35,000 $0 $35,000
N/A DIRECTOR 6.0
Director
$37,500 $0 $37,500
N/A DIRECTOR 6.0
Director
$44,500 $0 $44,500
N/A DIRECTOR 6.0
Director
$35,000 $0 $35,000
N/A DIRECTOR (PART YEAR) 6.0
Director
$0 $0 $0
N/A DIRECTOR 6.0
Director
$37,500 $0 $37,500
N/A DIRECTOR 6.0
Director
$37,500 $0 $37,500
N/A DIRECTOR 6.0
Director
$43,500 $43,145 $648,032
N/A DIRECTOR 6.0
Director
$37,500 $0 $37,500
N/A DIRECTOR 6.0
Director
$35,000 $0 $35,000
N/A DIRECTOR 6.0
Director
$37,500 $0 $37,500
N/A Secretary/EVP/CAO & Gen. Counsel 54.0
Officer
$1,118,037 $220,215 $1,338,252
N/A TREASURER/SVP & CFO 53.0
Officer
$1,601,621 $264,303 $1,865,924
N/A EVP & CME 52.0
Key Emp
$0 $221,658 $1,491,229
N/A President (Riley) 55.0
Key Emp
$1,086,927 $220,532 $1,307,459
N/A EVP & CNE 55.0
Key Emp
$733,124 $180,525 $913,649
N/A EVP & COO 53.0
Key Emp
$1,961,448 $300,768 $2,262,216
N/A PRESIDENT (AAHC) 54.0
Key Emp
$0 $172,868 $1,360,271
N/A PRESIDENT (SCR) (Part Year)/SVP System Regional Operations 0.0
Highest
$1,036,225 $211,047 $1,247,272
N/A PRESIDENT (ECR) 0.0
Highest
$985,198 $172,192 $1,157,390
N/A PRESIDENT (ISR) 0.0
Highest
$901,248 $183,503 $1,084,751
N/A PRESIDENT (SHS) 53.0
Highest
$1,351,039 $213,445 $1,564,484
N/A SVP & CIO 55.0
Highest
$954,939 $89,329 $1,044,268
N/A FORMER KEY EMPLOYEE 25.0
$571,987 $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 $5,752,062,837 $4,970,388,034 $11,659,974,071 $781,674,803
2022 $4,969,270,261 $4,664,586,372 $9,941,042,603 $304,683,889
2021 $5,067,401,478 $4,662,512,106 $10,887,157,746 $404,889,372
2020 $4,855,200,985 $3,786,516,000 $9,886,779,945 $1,068,684,985
2019 $4,164,734,712 $3,598,044,194 $9,596,487,824 $566,690,518
2018 $3,994,006,430 $3,363,528,062 $8,335,546,825 $630,478,368
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