Indiana University Health Jay Inc

EIN: 822736786 501(c)(3) Health Care

INDIANAPOLIS, IN

Total Revenue
$39,139,096
Total Expenses
$44,942,806
Total Assets
$23,735,523
Net Assets
$3,237,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IN
Phone
3179634842
Tax Period
2023-01-01 to 2023-12-31

Indiana University Health Jay Inc, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $39.1M in total revenue in fiscal year 2023. Expenses of $44.9M exceeded revenue, resulting in a 15% operating deficit.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $215,326
Program Service Revenue $39,213,833
Investment Income $-358,298
Other Revenue $68,235
TOTAL REVENUE $39,139,096

Expense Breakdown

Grants Paid $1,454
Salaries & Benefits $15,829,624
Fundraising Expenses $0
Program Expenses $42,920,688
Other Expenses $29,111,728
TOTAL EXPENSES $44,942,806

Year-over-Year Comparison

2023 2022 Change
Revenue $39,139,096 $40,968,555 0.0%
Expenses $44,942,806 $42,667,187 +0.1%
Net Income $-5,803,710 $-1,698,632 +2.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
10
Employees
215
Volunteers
57

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
8
$2,477,667
Total Directors
17
$3,238,989
Key Employees
4
$1,373,475
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/CHAIR (Part Year) 2.0
Officer Director
$0 $0 $0
N/A Director/Secretary/Treasurer 2.0
Officer Director
$0 $0 $0
N/A DIRECTOR/PRESIDENT (ECR) 10.0
Officer Director
$0 $172,192 $1,157,390
N/A DIRECTOR/CHAIR (Part Year) 2.0
Officer Director
$0 $0 $0
N/A DIRECTOR/VICE CHAIR 10.0
Officer Director
$0 $64,192 $554,413
N/A Director/ Vice Chair 2.0
Officer Director
$0 $0 $1,000
N/A DIRECTOR (Part Year) 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $67,475 $349,621
N/A Director (Part Year) 2.0
Director
$0 $0 $5,000
N/A DIRECTOR 2.0
Director
$0 $0 $8,000
N/A Director 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $131,941 $703,354
N/A COO (ECR) (Part Year) 10.0
Director
$0 $61,965 $441,211
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $8,000
N/A DIRECTOR 2.0
Director
$0 $0 $6,000
N/A DIRECTOR 2.0
Director
$0 $0 $5,000
N/A CFO (ECR) 10.0
Officer
$0 $67,467 $454,986
N/A VP-General Counsel, Asst Secretary (ECR) 0.0
Officer
$0 $50,502 $309,878
N/A VP-HUMAN RESOURCES (ECR) 10.0
Key Emp
$0 $60,926 $260,965
N/A COO (ECR) (Part Year) 15.0
Key Emp
$0 $37,495 $267,600
N/A VP & CNO (ECR) 20.0
Key Emp
$0 $54,187 $326,238
N/A VP & CMO (ECR) 10.0
Key Emp
$0 $77,187 $518,672
N/A Manager-Pharmacy 50.0
Highest
$157,014 $40,874 $197,888
N/A VP - CNO - JAY 50.0
Highest
$177,731 $27,607 $205,338
N/A Pharmacist 50.0
Highest
$138,386 $35,249 $173,635
N/A Manager-Imaging Services 50.0
Highest
$116,694 $55,259 $171,953
N/A Manager-Clinical Critical Access Hospital 50.0
Highest
$102,638 $68,094 $170,732
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 $39,139,096 $44,942,806 $23,735,523 $-5,803,710
2022 $40,968,555 $42,667,187 $18,005,634 $-1,698,632
2021 $42,428,469 $43,055,303 $24,114,821 $-626,834
2021 $42,428,469 $43,055,303 $24,114,821 $-626,834
2020 $37,774,025 $41,726,128 $31,136,066 $-3,952,103
2019 $34,018,991 $41,856,188 $33,290,011 $-7,837,197
2018 $25,514,846 $34,389,195 $37,685,573 $-8,874,349
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