Indiana University Health Foundation Inc (EIN 356043086) - Form 990 Financial Analysis & Trantor Score

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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

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.

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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%)

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

Governance

Voting Members

Independent Members

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

$1,157,542

Total Directors

$7,489,124

Key Employees

$735,704

Highest Compensated

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

Indiana University Health Foundation Inc