Indiana University Health Care Associates Inc
- Assets
- $196.8m
- Revenue
- $866.3m
- Investments
- $0.0
- Employees
- 6,833
- Location
- Indianapolis, IN
- Founding
- 03/1989
- Data as of
- 12/2020
- EIN
- 35-1747218
Organization Overview
Indiana University Health Care Associates Inc, operating under the name Iu Health Physicians, is located in Indianapolis, IN. The organization was established in 1989. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Iu Health Physicians employed 6,833 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iu Health Physicians 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, Iu Health Physicians generated $866.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.2b during the year ending 12/2020. While expenses have increased by 6.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO DELIVER PREEMINENT MEDICAL CARE AND SERVICE TO OUR PATIENTS AND COMMUNITIES THROUGH OUTSTANDING AND INNOVATIVE MEDICAL LEADERSHIP AND PRACTICE, WHILE PARTICIPATING IN AND SUPPORTING EXCELLENCE IN EDUCATION AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC. ("IU HEALTH PHYSICIANS") IS THE MOST COMPLETE MULTI-SPECIALTY PHYSICIAN GROUP IN THE STATE OF INDIANA. IU HEALTH PHYSICIANS PROVIDES HIGH QUALITY PATIENT-CENTERED CARE PLACING THE HIGHEST PRIORITY ON THE NEEDS OF THE PATIENT AND THEIR FAMILIES, WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY.
IU HEALTH PHYSICIANS PROVIDES SERVICES, WHICH INCLUDE COORDINATED ACTIVITIES AND POLICIES, TO RELATED TAX-EXEMPT ORGANIZATIONS DESIGNED TO MEET THE MISSION OF THE INDIANA UNIVERSITY HEALTH SYSTEM.
IU HEALTH CARE ASSOCIATES LEASES PHYSICIAN OFFICE AND CLINIC SPACE TO TAX-EXEMPT RELATED 501(C)(3) ORGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Medical Diagnostic Associates Medical | 12/30/20 | $17,522,637 |
Indiana University Medical | 12/30/20 | $84,799,796 |
Edelberg Compliance Associates Inc Medical Coding | 12/30/20 | $1,022,550 |
Scribeamerica Llc Medical | 12/30/20 | $1,309,251 |
Weatherby Locums Inc Staffing | 12/30/20 | $810,258 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $252,716 |
| Government grants | $3,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $393,085 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,581 |
| Total Program Service Revenue | $865,118,008 |
| Investment income | $345,118 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$13,642 |
| Net Gain/Loss on Asset Sales | $5,962 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,260,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,655,939 |
| 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. | $3,108,744 |
| Compensation of current officers, directors, key employees. | $681,440 |
| Compensation to disqualified persons | $1,918,987 |
| Other salaries and wages | $824,301,322 |
| Pension plan accruals and contributions | $22,940,185 |
| Other employee benefits | $60,793,136 |
| Payroll taxes | $35,164,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $193,376 |
| Fees for services: Accounting | $47,658 |
| Fees for services: Lobbying | $2,640 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $107,139,726 |
| Advertising and promotion | $292,970 |
| Office expenses | $6,134,861 |
| Information technology | $2,017,079 |
| Royalties | $0 |
| Occupancy | $27,637,447 |
| Travel | $368,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $73,488 |
| Interest | $261,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,061,294 |
| Insurance | $14,964,456 |
| All other expenses | $2,100,764 |
| Total functional expenses | $1,190,225,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $128,203,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,314,444 |
| Inventories for sale or use | $1,255,678 |
| Prepaid expenses and deferred charges | $9,154,202 |
| Net Land, buildings, and equipment | $39,381,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,700,000 |
| Other assets | $14,775,986 |
| Total assets | $196,785,353 |
| Accounts payable and accrued expenses | $167,750,438 |
| 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 | $36,675,481 |
| Total liabilities | $204,425,919 |
| Net assets without donor restrictions | -$7,640,566 |
| 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 | $196,785,353 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana University Health Care Associates Inc has recieved totaling $466,751.
| Awarding Organization | Amount |
|---|---|
Indiana University Health Foundation Inc Indianapolis, IN PURPOSE: General support | $297,022 |
James Whitcomb Riley Memorial Association Indianapolis, IN PURPOSE: HOSPITAL PROJECTS | $169,729 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Vincent Medical Group Inc St Louis, MO | $143,310,550 | $311,944,995 |
Group Health Cooperative Of South Central Wi Madison, WI | $101,296,548 | $425,253,744 |
Quartz Health Plan Corporation Madison, WI | $73,798,914 | $332,612,093 |
Elmhurst Memorial Healthcare Elmhurst, IL | $485,802,636 | $282,855,830 |
Hshs Medical Group Inc Springfield, IL | $136,932,585 | $219,567,166 |
Physicians Health Plan Of Northern Indiana Inc Fort Wayne, IN | $94,644,511 | $196,513,216 |
My Choice Wisconsin Health Plan Inc Wauwatosa, WI | $94,864,690 | $199,253,580 |
Cox Health Systems Insurance Company Springfield, MO | $52,773,938 | $137,904,727 |
Fairview Heights Medical Group Sc Alton, IL | $23,689,888 | $125,411,214 |
Community Care Network Inc Munster, IN | $30,410,908 | $125,321,446 |
Ascension Medical Group Promed St Louis, MO | $11,680,037 | $91,054,014 |
Community Care Health Plan Brookfield, WI | $28,400,717 | $108,865,323 |