Indiana University Health Foundation Inc

EIN: 356043086 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$45,780,231
Total Expenses
$25,645,860
Total Assets
$347,134,074
Net Assets
$324,889,797
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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
1961
Legal Domicile
IN
Phone
3179621777
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Foundation Inc, founded in 1961, is a mid-sized nonprofit in the Health Care sector that reported $45.8M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.1M, a strong 44% operating margin.

Mission

INDIANA UNIVERSITY HEALTH FOUNDATION LEVERAGES THE POWER OF PHILANTHROPY TO SUPPORT THE IU HEALTH GOAL OF MAKING INDIANA ONE OF THE HEALTHIEST STATES IN THE NATION.

Program Service Accomplishments

Program 1
Expenses: $24,836,158

AS A SUPPORTING ORGANIZATION FOR IU HEALTH INC. AND ITS AFFILIATED ORGANIZATIONS, THE INDIANA UNIVERSITY HEALTH FOUNDATION, INC. PROVIDED OVER $26 MILLION IN FUNDING TO IU HEALTH INC. AND ITS...

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AS A SUPPORTING ORGANIZATION FOR IU HEALTH INC. AND ITS AFFILIATED ORGANIZATIONS, THE INDIANA UNIVERSITY HEALTH FOUNDATION, INC. PROVIDED OVER $26 MILLION IN FUNDING TO IU HEALTH INC. AND ITS AFFILIATED ORGANIZATIONS FOR IMPORTANT COMMUNITY HEALTH INITIATIVES DURING 2023.

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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 $29,594,647
Program Service Revenue $0
Investment Income $15,125,259
Other Revenue $1,060,325
TOTAL REVENUE $45,780,231

Expense Breakdown

Grants Paid $24,830,095
Salaries & Benefits $0
Fundraising Expenses $452,981
Program Expenses $24,836,158
Other Expenses $376,752
TOTAL EXPENSES $25,645,860

Year-over-Year Comparison

2023 2022 Change
Revenue $45,780,231 $33,271,162 +0.4%
Expenses $25,645,860 $29,579,064 -0.1%
Net Income $20,134,371 $3,692,098 +4.5%
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
16
Independent Members
12
Employees
N/A
Volunteers
231

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
4
$1,157,542
Total Directors
16
$7,489,124
Key Employees
3
$735,704
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT/SECRETARY 55.0
Officer Director
$0 $116,872 $627,521
N/A DIRECTOR/CHAIR 1.0
Officer Director
$0 $0 $7,500
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $32,815 $600,349
N/A Director 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $982,839 $4,970,039
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $37,500
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $34,863 $1,246,215
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A Director 1.0
Director
$0 $0 $0
N/A TREASURER 2.0
Officer
$0 $78,185 $522,521
N/A Vice President, Campaigns and Philanthropy 50.0
Key Emp
$0 $33,137 $220,766
N/A Vice President, Strategy and Philanthropy 50.0
Key Emp
$0 $35,761 $220,341
N/A VICE PRESIDENT, OPERATIONS 50.0
Key Emp
$0 $47,376 $294,597
N/A FORMER OFFICER 0.0
$0 $56,351 $371,005
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 $45,780,231 $25,645,860 $347,134,074 $20,134,371
2022 $33,271,162 $29,579,064 $301,824,349 $3,692,098
2021 $51,478,300 $23,106,399 $328,480,588 $28,371,901
2020 $31,194,080 $21,792,862 $280,904,824 $9,401,218
2019 $12,672,040 $18,587,387 $164,396,915 $-5,915,347
2018 $25,292,950 $15,141,480 $145,905,067 $10,151,470
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