INDIANA HEALTH INFORMATION EXCHANGE INC (EIN 364550324) - 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

2004

Legal Domicile

Principal Officer

JOHN KANSKY

Phone

3176441720

Tax Period

2024-01-01 to 2024-12-31

INDIANA HEALTH INFORMATION EXCHANGE INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $20.4M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $19.5M left a modest 4% surplus.

Mission

THROUGH INFORMATION EXCHANGE, WE IMPROVE HEALTH AND HEALTH CARE.

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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 $20,141,089

Investment Income $293,266

Other Revenue $0

TOTAL REVENUE $20,434,355

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $13,090,166

Fundraising Expenses $0

Program Expenses $15,547,141

Other Expenses $6,377,430

TOTAL EXPENSES $19,517,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,434,355	$18,529,391	+0.1%
Expenses	$19,517,596	$17,807,383	+0.1%
Net Income	$916,759	$722,008	+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

111

Volunteers

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

$6,911,069

Total Directors

$11,363,703

Key Employees

$685,426

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HUTSON-STONE	DIRECTOR	2.00	Director	$0	$17,000	$594,642
BLAKE DYE	DIRECTOR	2.00	Director	$0	$0	$372,000
BRIAN TABOR	DIRECTOR THRU JUNE 2024	2.00	Director	$0	$45,333	$1,326,316
CHARLES WAGNER	DIRECTOR	2.00	Director	$0	$0	$692,626
DARSHAN SHAH	DIRECTOR	2.00	Director	$0	$70,963	$398,404
DAVID HORROCKS	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MURPHY	CHAIRMAN	2.00	Officer Director	$0	$1,000,217	$5,720,462
DR RACHEL PATZER	DIRECTOR	2.00	Director	$0	$0	$0
DR CAMEUAL WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DR DAN RUSYNIAK	DIRECTOR	2.00	Director	$0	$0	$258,481
DR MARC OVERHAGE	DIRECTOR	2.00	Director	$0	$0	$0
DR MICHAEL FLETCHER	DIRECTOR	2.00	Director	$0	$0	$0
DR PATRICK MCGILL	VICE CHAIRMAN	2.00	Director	$0	$88,816	$1,220,119
PAUL BABCOCK	SECRETARY	2.00	Officer Director	$0	$28,728	$363,553
PAUL PEAPER	DIRECTOR	2.00	Director	$0	$0	$0
RICK DIAZ	TREASURER	2.00	Officer Director	$0	$0	$0
DR VIRGINIA CAINE	DIRECTOR	2.00	Director	$0	$9,926	$417,100
JOHN KANSKY	PRESIDENT & CEO	40.00	Officer	$436,976	$48,686	$485,662
KEITH KELLEY	CHIEF OPERATING OFFICER	40.00	Officer	$292,289	$49,103	$341,392
BRIAN LAWSON	VP, SOLUTIONS ENGINEERING	40.00	Key Emp	$241,343	$20,705	$262,048
DREW RICHARDSON	VP, BUSINESS AND PRODUCT DEV.	40.00	Key Emp	$203,234	$16,211	$219,445
REBECCA LEARN	VP, CLIENT EXPERIENCE	40.00	Key Emp	$186,144	$17,789	$203,933
ADAM FAIR	DIRECTOR, ANALYTICS	40.00	Highest	$148,954	$17,697	$166,651
ALISA KUEHN	GENERAL COUNSEL & PRIVACY	40.00	Highest	$251,650	$30,869	$282,519
JAMES WHEAT	DIRECTOR, INFORMATION TECHNOLOGY	40.00	Highest	$149,775	$16,194	$165,969
KEITH JEDRZEJEWSKI	MANAGER, SOLUTION ENGINEERING	40.00	Highest	$148,091	$5,951	$154,042
LAURA ORCUTT	VP, PLANNING & ADMINISTRATION	40.00	Highest	$182,939	$10,343	$193,282

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	$20,434,355	$19,517,596	$11,830,132	$916,759
2023	$18,529,391	$17,807,383	$11,016,473	$722,008
2022	$17,816,496	$17,099,177	$9,431,568	$717,319
2021	$17,868,575	$19,591,155	$7,071,643	$-1,722,580
2020	$18,968,324	$17,474,616	$8,900,712	$1,493,708
2019	$13,429,429	$14,159,620	$6,641,324	$-730,191
2018	$12,876,242	$13,770,855	$7,103,580	$-894,613

INDIANA HEALTH INFORMATION EXCHANGE INC