Indiana University Health Plans NFP Inc (EIN 463803873) - 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

2013

Legal Domicile

Phone

3179634842

Tax Period

2023-01-01 to 2023-12-31

Indiana University Health Plans NFP Inc, founded in 2013, is a major nonprofit in the Health Care sector that reported $201.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

AN INDIANA MEDICARE ADVANTAGE PLAN THAT IS PASSIONATE ABOUT HELPING OUR MEMBERS ACHIEVE THE WELLBEING THEY DESIRE BY IMPROVING THE WAY THEY EXPERIENCE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $198,291,364

Investment Income $2,686,407

Other Revenue $0

TOTAL REVENUE $200,977,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,592,211

Fundraising Expenses $0

Program Expenses $200,663,311

Other Expenses $200,342,672

TOTAL EXPENSES $207,934,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,977,771	$156,879,630	+0.3%
Expenses	$207,934,883	$165,185,067	+0.3%
Net Income	$-6,957,112	$-8,305,437	-0.2%

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

N/A

Employees

N/A

Volunteers

N/A

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

$3,459,312

Total Directors

$7,482,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR/Chair	2.0	Officer Director	$0	$213,445	$1,564,484
N/A	DIRECTOR/PRESIDENT	25.0	Officer Director	$0	$160,245	$979,333
N/A	DIRECTOR	2.0	Director	$0	$154,953	$897,813
N/A	DIRECTOR	2.0	Director	$0	$63,430	$514,124
N/A	DIRECTOR	2.0	Director	$0	$149,275	$1,220,899
N/A	DIRECTOR	2.0	Director	$0	$264,303	$1,865,924
N/A	DIRECTOR	2.0	Director	$0	$41,855	$439,506
N/A	Secretary (Part Year)	2.0	Officer	$0	$27,091	$155,392
N/A	TREASURER	2.0	Officer	$0	$74,176	$503,240
N/A	SECRETARY (Part Year)	2.0	Officer	$0	$32,328	$256,863

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	$200,977,771	$207,934,883	$65,679,321	$-6,957,112
2022	$156,879,630	$165,185,067	$52,294,218	$-8,305,437
2021	$150,612,935	$161,360,637	$55,412,016	$-10,747,702
2020	$153,503,189	$158,591,440	$38,891,461	$-5,088,251
2019	$142,143,197	$148,557,046	$39,956,737	$-6,413,849
2018	$157,571,090	$160,664,112	$43,900,919	$-3,093,022

Indiana University Health Plans NFP Inc