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 Vulnerability Assessment (Tuckman-Chang)

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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.

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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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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
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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