Indiana University Health Jay Inc

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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

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.

Program Service Accomplishments

Program 1

Expenses: $42,891,533 Revenue: $39,187,196

INDIANA UNIVERSITY HEALTH JAY IS A 25-BED CRITICAL ACCESS HOSPITAL THAT OFFERS A COMPREHENSIVE RANGE OF SERVICES TO CARE FOR ITS PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. IU HEALTH JAY IS PART OF THE INDIANA UNIVERSITY HEALTH SYSTEM, INDIANA'S LARGEST COMPREHENSIVE HEALTH SYSTEM. IU HEALTH IS DEDICATED TO PROVIDING LEADING-EDGE CARE. OUR UNIQUE PARTNERSHIP WITH THE INDIANA UNIVERSITY SCHOOL OF MEDICINE GIVES OUR HIGHLY SKILLED PHYSICIANS ACCESS TO INNOVATIVE TREATMENTS USING THE LATEST RESEARCH AND TECHNOLOGY.

Program 2

Expenses: $29,018 Revenue: $26,512

IU HEALTH JAY LEASES PHYSICIAN AND CLINIC SPACE TO RELATED TAX-EXEMPT ORGANIZATIONS.

Program 3

Expenses: $137 Revenue: $125

Shared Services

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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 $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

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

215

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

$2,477,667

Total Directors

$3,238,989

Key Employees

$1,373,475

Highest Compensated

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