Indiana Health Care Association

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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. IHCA WORKS PROACTIVELY ON BEHALF OF ITS MEMBERS AND CONSTITUENTS. AN INFORMATION, EDUCATION, AND ADVOCACY RESOURCE TO HEALTH CARE PROVIDERS, CONSUMERS AND LAWMAKERS, IHCA IS RECOGNIZED AS THE AUTHORITY IN THE CONTINUUM OF QUALITY LONG-TERM CARE SERVICES IN INDIANA. IHCA'S DEDICATION IS REFLECTED THROUGH LEGISLATIVE LEADERSHIP, CUTTING-EDGE EDUCATIONAL OFFERINGS, HIGH QUALITY REGULATORY, REIMBURSEMENT, AND OPERATIONAL CONSULTING, AND ON THE ONGOING DESIRE TO DO WHAT IS BEST FOR THE THOUSANDS OF LONG-TERM CARE PATIENTS IN THIS STATE.

Program Service Accomplishments

Program 1

LEGISLATIVE: IHCA IS THE LARGEST TRADE ASSOCIATION IN THE STATE OF INDIANA REPRESENTING SKILLED NURSING AND ASSISTED LIVING PROVIDERS. AS SUCH, IHCA IS HEAVILY ENGAGED IN ADVOCACY EFFORTS IN THE...

LEGISLATIVE: IHCA IS THE LARGEST TRADE ASSOCIATION IN THE STATE OF INDIANA REPRESENTING SKILLED NURSING AND ASSISTED LIVING PROVIDERS. AS SUCH, IHCA IS HEAVILY ENGAGED IN ADVOCACY EFFORTS IN THE LEGISLATIVE AND REGULATORY ARENAS. IHCA UPDATES MEMBERS VIA WRITTEN AND ELECTRONIC COMMUNICATIONS ON A WEEKLY BASIS, AND OFTEN ON A MORE FREQUENT BASIS, WHEN THE INDIANA GENERAL ASSEMBLY IS IN SESSION. MEMBERS OF IHCA ARE ALSO INDIVIDUALLY ENGAGED IN LEGISLATIVE AND REGULATORY ADVOCACY VIA THE ASSOCIATION'S ORGANIZATION OF THOSE ACTIVITIES. IHCA MAINTAINS A STAFF OF REGISTERED LOBBYISTS AND CONTRACTS WITH OUTSIDE FIRMS TO PROVIDE ADDITIONAL SUPPORT FOR THE ASSOCIATION'S ADVOCACY EFFORTS.

Program 2

EDUCATION: IHCA IS A LEADING PROVIDER OF OPERATIONAL AND CLINICAL EDUCATION FOR THE NURSING FACILITY AND ASSISTED LIVING FACILITY PROFESSION IN INDIANA, PROVIDING MORE THAN 50 EDUCATIONAL EVENTS IN 2024. IHCA'S GOAL IS TO PROVIDE THE MOST CUTTING EDGE EDUCATION THAT IS OFFERED IN THE STATE. IHCA OFTEN ADDRESSES NEW TOPICS AS GOVERNMENT AGENCIES ADD AND CHANGE REGULATIONS OR AS NEW CLINICAL PATTERNS EMERGE THAT REQUIRE ATTENTION. IHCA'S EDUCATION PROGRAMMING IS PUBLISHED VIA WRITTEN AND ELECTRONIC MEDIA.

Program 3

REGULATORY: IHCA'S REGULATORY SERVICES INCLUDE MONITORING FOR COMPLIANCE WITH CURRENT LAWS AND REGULATIONS REGARDING LICENSURE AND PAYMENT FOR SERVICES RENDERED, ASSISTANCE WITH ONGOING COMPLIANCE...

REGULATORY: IHCA'S REGULATORY SERVICES INCLUDE MONITORING FOR COMPLIANCE WITH CURRENT LAWS AND REGULATIONS REGARDING LICENSURE AND PAYMENT FOR SERVICES RENDERED, ASSISTANCE WITH ONGOING COMPLIANCE, INTERACTION WITH REGULATORY AGENCIES, AND COORDINATION WITH OTHER PROVIDERS THAT TOUCH THE NURSING FACILITY AND ASSISTED LIVING FACILITY PROFESSION. THE REGULATORY SERVICES PROVIDE QUARTERLY EDUCATION SESSIONS FOR MEMBERS AND ALSO INCLUDE THE OPERATION OF TWO STANDING COMMITTEES OF THE ASSOCIATION: THE REGULATORY/CLINICAL COMMITTEE AND THE PAYMENT/REIMBURSEMENT COMMITTEE.

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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