Indiana University Health Arnett Inc
- Assets
- $319.8m
- Revenue
- $504.0m
- Investments
- $0.0
- Employees
- 3,337
- Location
- Indianapolis, IN
- Founding
- 03/2011
- Data as of
- 12/2020
- EIN
- 26-3162145
Organization Overview
Indiana University Health Arnett Inc is located in Indianapolis, IN. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Indiana University Health Arnett Inc employed 3,337 individuals. This organization is the central organization for a national or regional group of organizations. Indiana University Health Arnett Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Indiana University Health Arnett Inc generated $504.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $489.4m during the year ending 12/2020. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Indiana University Health Arnett Inc has awarded 59 individual grants totaling $3,181,550. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE TRANSFORMATION OF HEALTHCARE THROUGH QUALITY, INNOVATION & EDUCATION, AND MAKE INDIANA ONE OF THE NATION'S HEALTHIEST STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANA UNIVERSITY HEALTH ARNETT IN LAFAYETTE, INDIANA IS A FULL-SERVICE, 191-BED HOSPITAL THAT INCLUDES MORE THAN 40 SPECIALTIES AND 23 OUTPATIENT CLINICS. THE HOSPITAL FEATURES AN ADJACENT OUTPATIENT SURGERY CENTER, CANCER CENTER AND SEVERAL MEDICAL OFFICES SERVING LAFAYETTE AND THE SURROUNDING COUNTIES. IU HEALTH ARNETT IS A MAGNET-DESIGNATED HOSPITAL RECOGNIZED BY THE AMERICAN NURSES CREDENTIALING CENTER FOR DEMONSTRATING EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS.
OUR NETWORK OF PHARMACIES OFFERS THE CONVENIENCE OF ONE-STOP SHOPPING. WE PROVIDE EXPERT CARE AND HELP PATIENTS MAKE THE BEST USE OF THEIR MEDICATIONS.
AS OF DECEMBER 31, 2021, INDIANA UNIVERSITY HEALTH ARNETT, INC. HAD RECEIVED STIMULUS FUNDS FROM THE PROVIDER RELIEF FUND UNDER THE PROVISIONS OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) AND PAYCHECK PROTECTION PROGRAM AND HEALTH CARE ENHANCEMENT ACT. INDIANA UNIVERSITY HEALTH ARNETT RECOGNIZED $27,007,609 AS OTHER PROGRAM SERVICE REVENUE. INDIANA UNIVERSITY HEALTH ARNETT, INC. WILL CONTINUE TO MONITOR COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE PROVIDER RELIEF FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trimedx Llc Clinical Engineering | 12/30/20 | $4,259,041 |
Kettelhut Construction Construction | 12/30/20 | $2,432,625 |
Hagerman Construction Corp Construction | 12/30/20 | $1,997,740 |
Barton Associates Inc Consulting | 12/30/20 | $1,449,143 |
Medefis Vendor Management | 12/30/20 | $1,437,383 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $219,410 |
| Government grants | $17,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,993 |
| Total Program Service Revenue | $498,955,355 |
| Investment income | $197,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,814,432 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $504,048,288 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $507,440 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,158,827 |
| Compensation of current officers, directors, key employees. | $121,167 |
| Compensation to disqualified persons | $600,727 |
| Other salaries and wages | $193,146,700 |
| Pension plan accruals and contributions | $5,765,603 |
| Other employee benefits | $20,110,595 |
| Payroll taxes | $10,977,897 |
| Fees for services: Management | $38,926 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $14,026 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,611,781 |
| Advertising and promotion | $26,445 |
| Office expenses | $1,349,981 |
| Information technology | $1,485,637 |
| Royalties | $0 |
| Occupancy | $10,912,976 |
| Travel | $178,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,143 |
| Interest | $1,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,752,051 |
| Insurance | $4,973,882 |
| All other expenses | $1,743,158 |
| Total functional expenses | $489,377,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $39,659,283 |
| Pledges and grants receivable | $49,564 |
| Accounts receivable, net | $58,427,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $498,092 |
| Inventories for sale or use | $9,978,597 |
| Prepaid expenses and deferred charges | $3,017,867 |
| Net Land, buildings, and equipment | $204,457,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,731,523 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $319,820,511 |
| Accounts payable and accrued expenses | $65,682,310 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,391,510 |
| Total liabilities | $84,073,820 |
| Net assets without donor restrictions | $235,746,691 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $319,820,511 |
Grants Awarded
Over the last fiscal year, Indiana University Health Arnett Inc has awarded $1,000,725 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Lafayette, IN PURPOSE: General support | $225,000 |
Lafayette, IN PURPOSE: General support | $200,000 |
Lafayette, IN PURPOSE: General support | $121,250 |
Frankfort, IN PURPOSE: General support | $115,000 |
Monticello, IN PURPOSE: General support | $110,000 |
Alexandria, VA PURPOSE: General support | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana University Health Arnett Inc has recieved totaling $577,265.
| Awarding Organization | Amount |
|---|---|
Indiana University Health Foundation Inc Indianapolis, IN PURPOSE: Hospital Programs Support | $577,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ssm Health Care Corporation St Louis, MO | $4,485,127,106 | $1,033,534,741 |
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Gundersen Lutheran Administrative Services Inc La Crosse, WI | $1,235,621,372 | $953,342,080 |
Bjc Health System St Louis, MO | $5,456,592,622 | $1,155,105,032 |
Aurora Health Care Inc Milwaukee, WI | $4,608,404,718 | $666,695,867 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Inclusa Inc Stevens Point, WI | $163,276,844 | $696,118,730 |
Froedtert & Community Health Inc Milwaukee, WI | $2,857,726,016 | $675,461,810 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Alexian Brothers Health System St Louis, MO | $397,387,025 | $531,298,685 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |
The Carle Foundation Urbana, IL | $3,268,207,661 | $555,725,730 |