Indiana University Health Frankfort Inc (EIN 815174295) - 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

2017

Legal Domicile

Phone

3179634842

Tax Period

2024-01-01 to 2024-12-31

Indiana University Health Frankfort Inc, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $31.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

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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 $227

Program Service Revenue $31,895,238

Investment Income $0

Other Revenue $2,562

TOTAL REVENUE $31,898,027

Expense Breakdown

Grants Paid $13,500

Salaries & Benefits $11,329,124

Fundraising Expenses $0

Program Expenses $31,409,507

Other Expenses $21,460,470

TOTAL EXPENSES $32,803,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,898,027	$28,230,863	+0.1%
Expenses	$32,803,094	$32,364,224	+0.0%
Net Income	$-905,067	$-4,133,361	-0.8%

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

191

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

$2,521,723

Total Directors

$4,261,630

Key Employees

$1,292,554

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY D HENRIOTT	DIRECTOR/CHAIR	2.0	Officer Director	$0	$0	$9,000
PHILIP LIST	Director (Part Year) / Legal Counsel Secretary (Part Year)	10.0	Officer Director	$0	$57,009	$330,082
AMANDA WHITLOCK	DIRECTOR	2.0	Director	$0	$0	$6,000
BEN HARPENAU	DIRECTOR	2.0	Director	$0	$0	$6,000
ERIKA UGIANSKIS MD	DIRECTOR	2.0	Director	$0	$78,678	$1,000,969
JESSE MOORE	DIRECTOR	2.0	Director	$0	$0	$5,000
JOHNNY PARK	DIRECTOR	2.0	Director	$0	$0	$5,000
MARK BUONO MD	Director	2.0	Director	$0	$68,190	$894,601
MICHELE S SAYSANA MD	DIRECTOR (Part Year)	2.0	Director	$0	$29,763	$659,104
RUBAN NIRMALAN MD	DIRECTOR	2.0	Director	$0	$68,129	$1,064,882
SHAN SHERIDAN	DIRECTOR	2.0	Director	$0	$0	$6,000
UMESH PATEL	DIRECTOR	2.0	Director	$0	$0	$5,000
WILLIAM Y LI MD	DIRECTOR	2.0	Director	$0	$30,637	$228,361
YINGKEI HUI MD	Director (Part Year)	2.0	Director	$0	$2,974	$41,631
ARTHUR VASQUEZ	PRESIDENT (WCR)	10.0	Officer	$0	$170,264	$1,018,917
MICHAEL L CRAIG	CFO (Part Year)	5.0	Officer	$0	$65,857	$441,678
TODD A WILLIAMS	CFO (Part Year)/TREASURER (WCR)	10.0	Officer	$0	$66,454	$506,669
WHITNEY A AIKEN	Legal Counsel Secretary (Part Year)	10.0	Officer	$0	$32,904	$215,377
KISHAN PATEL MD	VP-Chief Physician Executive (WCR)	10.0	Key Emp	$0	$66,999	$540,046
KOREEN C KYHNELL	VP - HUMAN RESOURCES (WCR)	10.0	Key Emp	$0	$70,000	$329,251
ROXANNE WICKLUND	CNO (WCR)	10.0	Key Emp	$0	$65,710	$423,257
AMANDA JAKES	PHARMACIST	50.0	Highest	$142,149	$36,968	$179,117
BRETT R BROVIAK	Manager - Respiratory Care Services	50.0	Highest	$130,186	$36,735	$166,921
KELLI R GREENO	Supervisor - House	50.0	Highest	$184,436	$27,322	$211,758
LESLIE M SMITH	Director - Clinical Operations	50.0	Highest	$133,430	$10,247	$143,677
RACHEL L GOEDE	Supervisor - House	50.0	Highest	$124,247	$38,566	$162,813
CARA L BREIDSTER	FORMER OFFICER	0.0		$0	$66,113	$417,731
CHRISTOPHER A MANSFIELD MD	FORMER KEY EMPLOYEE	10.0		$0	$66,999	$722,504
DEREK E EMPIE	FORMER OFFICER	0.0		$0	$77,430	$507,638
JAMES H PARSONS	FORMER HIGHEST COMPENSATED EMPLOYEE	10.0		$0	$53,520	$238,137
KRISTIN POST	Former Officer	10.0		$0	$40,021	$246,034
LAWRENCE STAUFFER	FORMER Highest Compensated Employee	0.0		$0	$50,390	$263,159
MARY E MINIER	Former Highest Compensated Employee	20.0		$0	$43,382	$247,910
RENEA SMITH	Former Highest Compensated Employee	20.0		$0	$13,555	$222,481

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	$31,898,027	$32,803,094	$36,090,734	$-905,067
2023	$28,230,863	$32,364,224	$34,427,681	$-4,133,361
2022	$30,741,238	$29,752,301	$36,751,477	$988,937
2021	$35,066,450	$27,541,661	$38,390,690	$7,524,789
2020	$24,544,005	$28,712,403	$40,162,692	$-4,168,398
2019	$27,823,524	$25,641,229	$16,712,337	$2,182,295
2018	$19,086,333	$24,083,016	$8,149,909	$-4,996,683

Indiana University Health Frankfort Inc