Indiana Health Care Association (EIN 356043509) - 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

1958

Legal Domicile

Phone

3176366406

Tax Period

2024-01-01 to 2024-12-31

Indiana Health Care Association, founded in 1958, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 10% surplus.

Mission

INDIANA HEALTH CARE ASSOCIATION (IHCA) IS DEDICATED TO QUALITY HEALTH CARE IN SAFE SURROUNDING FOR FAIR PAYMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,942,563

Investment Income $162,568

Other Revenue $41,984

TOTAL REVENUE $3,147,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,596,604

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,226,351

TOTAL EXPENSES $2,822,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,147,115	$2,952,347	+0.1%
Expenses	$2,822,955	$2,489,205	+0.1%
Net Income	$324,160	$463,142	-0.3%

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

Volunteers

150

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

$391,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY SHANE	SECRETARY	1.0	Officer Director	$0	$0	$0
ELAINE WILSON	TREASURER	1.0	Officer Director	$0	$0	$0
KENT RODGERS	IMMEDIATE PAST CHAIR	1.0	Officer Director	$0	$0	$0
RYAN OTT	CHAIR ELECT	1.0	Officer Director	$0	$0	$0
TODD MEHAFFEY	CHAIR	1.0	Officer Director	$0	$0	$0
DANE WHEELER	AT-LARGE	1.0	Director	$0	$0	$0
DAVID ALEXANDER	AT-LARGE	1.0	Director	$0	$0	$0
GABRIEL SEBBAG	AT-LARGE	1.0	Director	$0	$0	$0
Jeff Huffman	At-Large	1.0	Director	$0	$0	$0
JULIE SIMPKINS	AT-LARGE	1.0	Director	$0	$0	$0
KATHY GALLIN	AT-LARGE	1.0	Director	$0	$0	$0
Kimberly Ready	At-Large (Start 11/15/24)	1.0	Director	$0	$0	$0
LESTER BOHNERT	AT-LARGE	1.0	Director	$0	$0	$0
LINDA BURKE	AT-LARGE	1.0	Director	$0	$0	$0
MARK LAUBACHER	AT-LARGE	1.0	Director	$0	$0	$0
Matt Trammel	At-Large (End 11/15/24)	1.0	Director	$0	$0	$0
MIKE WEBER	AT-LARGE	1.0	Director	$0	$0	$0
PATRICK BOYLE	AT-LARGE	1.0	Director	$0	$0	$0
YVONNE TANNER	AT-LARGE	1.0	Director	$0	$0	$0
PAUL PEAPER	PRESIDENT	45.0	Officer	$380,790	$10,377	$391,167
ELIZABETH EICHHORN	DIRECTOR OF REIMBURSEMENT	40.0	Highest	$117,473	$4,180	$121,653
ERIN WELIVER	DIRECTOR OF FINANCE & ADMIN.	40.0	Highest	$103,342	$4,662	$108,004
KATIE NIEHOFF	DIRECTOR OF EDUCATION	40.0	Highest	$118,629	$4,157	$122,786
LORI DAVENPORT	DIR. OF REGULATORY AFFAIRS	40.0	Highest	$160,451	$5,218	$165,669
NICHOLAS GOODWIN	DIRECTOR OF GOVT. AFFAIRS	40.0	Highest	$191,366	$5,768	$197,134

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	$3,147,115	$2,822,955	$3,546,772	$324,160
2023	$2,952,347	$2,489,209	$3,160,030	$463,138
2022	$2,695,260	$2,405,626	$2,737,952	$289,634
2021	$2,620,477	$2,439,239	$2,203,110	$181,238
2020	$2,278,963	$2,132,951	$1,935,753	$146,012
2019	$2,724,675	$2,431,276	$1,689,989	$293,399
2018	$2,308,321	$2,078,497	$1,414,375	$229,824

Indiana Health Care Association