Indiana University Health Bloomingon Inc
- Assets
- $844.4m
- Revenue
- $773.0m
- Investments
- $0.0
- Employees
- 4,386
- Location
- Indianapolis, IN
- Founding
- 03/1988
- Data as of
- 12/2023
- EIN
- 35-1720796
Organization Overview
Indiana University Health Bloomingon Inc is located in Indianapolis, IN. The organization was established in 1988. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Indiana University Health Bloomingon Inc employed 4,386 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Health Bloomingon 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 12/2023, Indiana University Health Bloomingon Inc generated $773.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $779.6m during the year ending 12/2023. While expenses have increased by 10.1% per year over the past 9 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 2021, Indiana University Health Bloomingon Inc has awarded 17 individual grants totaling $3,138,006. 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
2023
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 BLOOMINGTON, INC. ("IU HEALTH BLOOMINGTON") IS A 185-BED FULL SERVICE HOSPITAL THAT OFFERS A BROAD RANGE OF SERVICES TO CARE FOR ITS PATIENTS WITHOUT REGARD TO THEIR ABILITY TO PAY. BASED UPON THE VALUES OF TRUST, EXCELLENCE, ACCOUNTABILITY, AND MUTUAL RESPECT, IU HEALTH BLOOMINGTON ENHANCES THE HEALTH OF ITS PATIENTS AND COMMUNITY IN SOUTH-CENTRAL INDIANA BY ADVANCING THE ART AND SCIENCE OF MEDICINE THROUGH THE USE OF NEW TECHNOLOGIES, PROCEDURES, AND CARE.
IU HEALTH BLOOMINGTON PROVIDES SERVICES TO RELATED TAX-EXEMPT ORGANIZATIONS AND ONE RELATED GOVERNMENT ENTITY. IU HEALTH ENTITIES FACILITATES EFFORTS AND SHARED SERVICES ON BEHALF OF AND FOR THE BENEFIT OF IU HEALTH AND ITS AFFILIATES, CERTAIN COSTS RELATED TO PROVIDING THESE SHARED SERVICES ARE ALLOCATED OUT OR CHARGED TO THE AFFILIATES. FACILITATING THESE EFFORTS AND SERVICES ALLOWS IU HEALTH AND ITS AFFILIATES TO BETTER CARRY OUT THEIR EXEMPT FUNCTIONS BY REDUCING COSTS, HAVING STANDARDIZED PRACTICES AND PROCEDURES, AND CREATING ECONOMIES OF SCALE.
OUR NETWORK OF PHARMACIES OFFERS THE EASE OF "ONE-STOP" SHOPPING. WITH SERVICES DESIGNED TO MEET YOUR NEEDS, WE WILL PROVIDE EXPERT CARE AND HELP PATIENTS MAKE THE BEST USE OF THEIR MEDICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President (scr) (part Year)/svp System Regional Operations | OfficerTrustee | 15 | $0 |
Name Not Listed Director/chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director (part Year)/president (part Year)/vp-Cmo (scr) | OfficerTrustee | 25 | $473,018 |
Name Not Listed Director/secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Director/treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Director/vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fa Wilhelm Construction Co Inc Construction | 12/30/20 | $151,599,050 |
Trimedx Llc Clinical Engineering | 12/30/20 | $4,637,268 |
Medefis Vendor Management | 12/30/20 | $3,620,999 |
Weddle Bros Building Group Llc Construction | 12/30/20 | $3,590,266 |
Cso Architects Inc Architectural/design | 12/30/20 | $1,991,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,692,029 |
| Government grants | $7,359,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,337 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,245,311 |
| Total Program Service Revenue | $750,052,646 |
| Investment income | $7,212,684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $700,292 |
| Net Gain/Loss on Asset Sales | $5,619,104 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $772,996,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,162,839 |
| 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. | $4,614,854 |
| Compensation of current officers, directors, key employees. | $155,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $285,930,168 |
| Pension plan accruals and contributions | $10,026,544 |
| Other employee benefits | $31,431,038 |
| Payroll taxes | $17,955,962 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,400 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $19,848 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $282,941 |
| Fees for services: Other | $184,864,074 |
| Advertising and promotion | $472,849 |
| Office expenses | $1,543,429 |
| Information technology | $561,512 |
| Royalties | $0 |
| Occupancy | $24,948,779 |
| Travel | $378,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $74 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,516,067 |
| Insurance | $6,261,476 |
| All other expenses | $7,862,528 |
| Total functional expenses | $779,648,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,809,143 |
| Pledges and grants receivable | $1,011,844 |
| Accounts receivable, net | $78,450,838 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,388,511 |
| Inventories for sale or use | $12,788,362 |
| Prepaid expenses and deferred charges | $10,311,769 |
| Net Land, buildings, and equipment | $487,190,657 |
| Investments—publicly traded securities | $230,752,842 |
| Investments—other securities | $0 |
| Investments—program-related | $1,252,077 |
| Intangible assets | $5,439,473 |
| Other assets | $0 |
| Total assets | $844,395,516 |
| Accounts payable and accrued expenses | $50,524,514 |
| 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 | $46,498,505 |
| Total liabilities | $97,023,019 |
| Net assets without donor restrictions | $747,372,497 |
| 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 | $844,395,516 |
Grants Awarded
Over the last fiscal year, Indiana University Health Bloomingon Inc has awarded $1,088,980 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NEW HOPE FAMILY SHELTER PURPOSE: General Support | $166,836 |
LAWRENCE COUNTY ECONOMIC GROWTH COUNCIL PURPOSE: General Support | $295,500 |
SICHC PURPOSE: General Support | $459,539 |
IVY TECH FOUNDATION PURPOSE: General Support | $152,975 |
INDIANA STATE MEDICAL ASSOCIATION PURPOSE: General Support | $5,000 |
THE GREATER BLOOMINGTON CHAMBER OF COMMERCE INC PURPOSE: General Support | $9,130 |