Community Health Network Inc
- Assets
- $3.0b
- Revenue
- $2.0b
- Investments
- $0.0
- Employees
- 9,933
- Location
- Indianapolis, IN
- Founding
- 08/1965
- Data as of
- 12/2022
- EIN
- 35-0983617
Organization Overview
Community Health Network Inc is located in Indianapolis, IN. The organization was established in 1965. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Community Health Network Inc employed 9,933 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Health Network 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 12/2022, Community Health Network Inc generated $2.0b in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.6b during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 8 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 2017, Community Health Network Inc has awarded 52 individual grants totaling $31,615,315. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
COMMUNITY HEALTH NETWORK, INC. OPERATES THREE ACUTE CARE FULL SERVICE HOSPITALS IN INDIANAPOLIS, INDIANA WITH 754 STAFFED BEDS. IN 2022, THE HOSPITALS SERVED 38,350 INPATIENTS FOR A TOTAL OF 195,569 INPATIENT DAYS OF SERVICE. THE HOSPITALS ALSO PROVIDED 1,287,161 OUTPATIENT VISITS, WHICH INCLUDED 155,556 EMERGENCY VISITS AND 542,210 MENTAL HEALTH VISITS. THE HOSPITALS OFFER MANY PATIENT FOCUSED HEALTHCARE SERVICES THAT INCLUDE WOMEN AND CHILDREN SERVICES, PEDIATRICS, ONCOLOGY, MENTAL HEALTH SERVICES, NEUROSCIENCES, ORTHOPEDICS, JOINT REPLACEMENT, BREAST CARE SERVICES, SURGERY SERVICES, REHABILITATION SERVICES, HEALTH PROMOTION SERVICES, EMERGENCY SERVICES, AND TRAINING AND EDUCATION FOR HEALTH CARE PROFESSIONALS.
COMMUNITY HEALTH NETWORK, INC. PROVIDES SHARED SERVICES TO THE RELATED ORGANIZATIONS COLLECTIVELY REFERRED TO AS THE COMMUNITY HEALTH NETWORK. THESE SERVICES INCLUDE FINANCE AND ACCOUNTING, MATERIALS MANAGEMENT, PATIENT ACCOUNTING, TRANSCRIPTION SERVICES, MEDICAL RECORDS, LEGAL, HUMAN RESOURCES, INFORMATION TECHNOLOGY, AND BUSINESS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan A Mills Director/president & CEO | OfficerTrustee | 45 | $2,112,016 |
Ramarao Yeleti MD Evp Chief Physician Executive | Officer | 57 | $1,289,408 |
Jason Fahrlander Evp COO | Officer | 44 | $1,075,656 |
Kyle Fisher Evp CFO | Officer | 53 | $958,824 |
Patrick Mcgill MD Evp Chief Analytics Officer | Officer | 52 | $901,383 |
Kanwaldeep Sidhu MD Psychiatrist | 50 | $913,112 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Temporary Staffing | 12/30/22 | $40,280,749 |
Quest (Macl) Diagnostics Clinical Labs Lab Services | 12/30/22 | $20,436,494 |
Trimedx Llc Clinical Engineering | 12/30/22 | $15,193,358 |
Mortenson Kim Radious Advertising | 12/30/22 | $9,076,959 |
Aramark Food And Support Services Inc Facilities Services | 12/30/22 | $8,436,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $6,854,809 |
| Government grants | $43,066,429 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,921,238 |
| Total Program Service Revenue | $1,828,628,417 |
| Investment income | $23,380,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,305,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,955,487,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,654,160 |
| 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. | $13,598,441 |
| Compensation of current officers, directors, key employees. | $13,302,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,503,076 |
| Pension plan accruals and contributions | $21,789,917 |
| Other employee benefits | $62,490,680 |
| Payroll taxes | $41,695,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,669,967 |
| Fees for services: Accounting | $2,814,246 |
| Fees for services: Lobbying | $212,804 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,894,903 |
| Fees for services: Other | $107,511,107 |
| Advertising and promotion | $10,477,110 |
| Office expenses | $107,349,932 |
| Information technology | $56,993,818 |
| Royalties | $0 |
| Occupancy | $35,552,677 |
| Travel | $1,160,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $596,726 |
| Interest | $31,435,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,854,794 |
| Insurance | $13,200,307 |
| All other expenses | $4,601,411 |
| Total functional expenses | $1,568,198,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,324,757 |
| Savings and temporary cash investments | $173,016,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,615,851 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $430,621 |
| Inventories for sale or use | $31,261,622 |
| Prepaid expenses and deferred charges | $32,970,622 |
| Net Land, buildings, and equipment | $626,569,252 |
| Investments—publicly traded securities | $1,135,960,283 |
| Investments—other securities | $0 |
| Investments—program-related | $204,772,133 |
| Intangible assets | $26,322,644 |
| Other assets | $183,337,259 |
| Total assets | $2,959,581,093 |
| Accounts payable and accrued expenses | $259,531,553 |
| Grants payable | $0 |
| Deferred revenue | $624,514 |
| Tax-exempt bond liabilities | $135,987,321 |
| 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 | $1,964,498,899 |
| Total liabilities | $2,360,642,287 |
| Net assets without donor restrictions | $598,938,806 |
| 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 | $2,959,581,093 |
Grants Awarded
Over the last fiscal year, Community Health Network Inc has awarded $11,653,160 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
IVY TECH FOUNDATION INC PURPOSE: GENERAL SUPPORT | $6,900,000 |
COMMUNITY HEALTH NETWORK FOUNDATION PURPOSE: GENERAL SUPPORT | $3,973,228 |
GLEANERS FOOD BANK OF INDIANA PURPOSE: GENERAL SUPPORT | $70,000 |
MINORITY HEALTH COALITION OF MADISON COUNTY PURPOSE: GENERAL SUPPORT | $45,000 |
IHA HOSPITAL ASSISTANCE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $209,932 |
TURNING POINT SOC PURPOSE: GENERAL SUPPORT | $45,000 |