Indiana University Health Inc
- Assets
- $11.7b
- Revenue
- $5.8b
- Investments
- $2.7b
- Employees
- 23,282
- Location
- Indianapolis, IN
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 35-1955872
Organization Overview
Indiana University Health Inc is located in Indianapolis, IN. The organization was established in 1995. 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 Inc employed 23,282 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Health 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 Inc generated $5.8b in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.0b during the year ending 12/2023. While expenses have increased by 6.9% 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 2014, Indiana University Health Inc has awarded 338 individual grants totaling $754,438,431. 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
NET PATIENT SERVICE REVENUE: INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH") IS AN ACADEMIC HEALTH CENTER COMPRISED OF IU HEALTH METHODIST HOSPITAL, IU HEALTH UNIVERSITY HOSPITAL, AND RILEY HOSPITAL FOR CHILDREN AT IU HEALTH (TOGETHER REFERRED TO AS "IU HEALTH ACADEMIC HEALTH CENTER"), IU HEALTH SAXONY HOSPITAL, AND IU HEALTH MORGAN. IT ALSO OFFERS PHARMACY, HOME CARE, OUTPATIENT, AND EMERGENCY TRANSPORT SERVICES THROUGHOUT THE CENTRAL INDIANA AREA. IU HEALTH INCORPORATES A UNIQUE PARTNERSHIP WITH INDIANA UNIVERSITY SCHOOL OF MEDICINE ("IU SCHOOL OF MEDICINE"), ONE OF THE NATION'S LEADING MEDICAL SCHOOLS, TO GIVE PATIENTS ACCESS TO INNOVATIVE TREATMENTS AND THERAPIES, ALL WITHOUT REGARD TO THEIR ABILITY TO PAY. IU HEALTH IS ALSO THE PARENT ORGANIZATION OF THE IU HEALTH SYSTEM, INDIANA'S MOST COMPREHENSIVE HEALTH CARE SYSTEM. IU HEALTH METHODIST AND IU HEALTH UNIVERSITY HOSPITALS IU HEALTH METHODIST AND IU HEALTH UNIVERSITY HOSPITALS, LOCATED IN INDIANAPOLIS, INDIANA, ARE A 1,025-BED ADULT ACADEMIC HEALTH CENTER IN PARTNERSHIP WITH THE IU SCHOOL OF MEDICINE. IU HEALTH METHODIST HOSPITAL AND IU HEALTH UNIVERSITY HOSPITAL ARE DESIGNATED AS MAGNET HOSPITALS, RECOGNIZED FOR EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS. IU HEALTH UNIVERSITY HOSPITAL IS A LEADING ACADEMIC MEDICAL CENTER WITH A COMMITMENT TO DISSEMINATING RESEARCH FINDINGS WHILE IMPROVING THE QUALITY OF LIFE FOR PEOPLE ON A LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL BASIS. IU HEALTH METHODIST HOSPITAL AND IU HEALTH UNIVERSITY HOSPITAL BOTH SERVE AN ADULT POPULATION. THESE HOSPITALS LEAD THE WAY IN COMMUNITY BENEFIT INITIATIVES. A SUBSTANTIAL PIECE OF COMMUNITY BENEFIT IS PROVIDING EXCELLENT CARE TO PATIENTS, REGARDLESS OF THEIR ABILITY TO PAY. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH RILEY HOSPITAL FOR CHILDREN AT IU HEALTH, LOCATED IN INDIANAPOLIS, INDIANA, IS A 276-BED CHILDREN'S HOSPITAL THAT IS INDIANA'S LARGEST AND MOST COMPREHENSIVE PEDIATRIC HOSPITAL. IT IS REGULARLY RANKED AMONG THE TOP CHILDREN'S HOSPITALS IN THE COUNTY BY U.S. NEWS & WORLD REPORT'S BEST CHILDREN'S HOSPITALS. IN ADDITION TO CLINICAL EXPERTISE, RILEY HOSPITAL FOR CHILDREN AT IU HEALTH'S PARTNERSHIP WITH THE IU SCHOOL OF MEDICINE ENSURES THAT PATIENTS HAVE ACCESS TO THE MOST INNOVATIVE TREATMENTS AND THE LATEST RESEARCH AND TECHNOLOGY. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH PROVIDES COMPREHENSIVE, FAMILY-CENTERED CARE TO MORE THAN 250,000 CHILDREN ANNUALLY THROUGH ITS STATEWIDE PRIMARY AND SPECIALTY CARE OFFICES, AND INPATIENT AND OUTPATIENT SERVICES AT ITS FLAGSHIP HOSPITAL. PEDIATRIC PATIENTS AND THEIR FAMILIES TRAVEL FROM ALL 92 INDIANA COUNTIES, THE REGION AND THE WORLD TO ACCESS THE NATIONALLY RECOGNIZED CLINICAL PROGRAMS OF RILEY HOSPITAL FOR CHILDREN AT IU HEALTH. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH IS ALSO DESIGNATED AS A MAGNET HOSPITAL, RECOGNIZED FOR EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS. IU HEALTH SAXONY HOSPITAL IU HEALTH SAXONY HOSPITAL, LOCATED IN FISHERS, INDIANA, IS A 32-BED SPECIALTY CARE HOSPITAL PRIMARILY FOCUSING ON SURGICAL SERVICES FOR CARDIOVASCULAR AND ORTHOPEDICS. IT OPENED IN 2011 AND INCLUDES SIX OPERATING ROOMS, A FULL EMERGENCY DEPARTMENT, A HELIPAD FOR MEDICAL TRANSPORT AND A MEDICAL OFFICE COMPLEX. IU HEALTH SAXONY HOSPITAL IS ALSO HOME TO THE INDIANA UNIVERSITY HEALTH HIP AND KNEE CENTER. HERE, THE TEAM OF FELLOWSHIP TRAINED SURGEONS PERFORM MORE HIP AND KNEE REPLACEMENTS THAN ANY OTHER IU HEALTH FACILITY IN THE STATE. IU HEALTH MORGAN IU HEALTH MORGAN, AN OUTPATIENT DEPARTMENT OF THE IU HEALTH ACADEMIC HEALTH CENTER LOCATED IN MARTINSVILLE, INDIANA, OFFERS COVERAGE IN ADULT AND PEDIATRIC CARE; SPECIALTY CARE; EMERGENCY AND URGENT CARE; DIAGNOSTIC IMAGING INCLUDING 3D MAMMOGRAPHY; LAB TESTING; OUTPATIENT SURGICAL SERVICES; CANCER CARE, INCLUDING MEDICAL AND RADIATION ONCOLOGY; CARDIAC, PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES; SLEEP LAB; AND COMMUNITY HEALTH AND WELLNESS, INCLUDING MEDICAL NUTRITION THERAPY AND DIABETES CARE.
LABORATORY SERVICES: THE LABORATORIES OF IU HEALTH OFFER SOME OF THE MOST COMPREHENSIVE LABORATORY SERVICES IN INDIANA. OPEN 24 HOURS A DAY, SEVEN DAYS A WEEK, THE LABORATORIES PERFORM MORE THAN 19 MILLION TESTS A YEAR. IN ADDITION TO IU HEALTH, LABORATORY TESTING SERVICES ARE PROVIDED TO HOSPITALS AND PHYSICIANS ACROSS THE COUNTRY.
SHARED SERVICES REVENUE: AS THE PARENT OF THE INDIANA UNIVERSITY HEALTH SYSTEM, IU HEALTH 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/vice-Chair | OfficerTrustee | 6 | $37,500 |
Name Not Listed Director/president & CEO | OfficerTrustee | 60 | $3,987,200 |
Name Not Listed Director/vice-Chair | OfficerTrustee | 6 | $0 |
Name Not Listed Board Chair/director | OfficerTrustee | 6 | $50,000 |
Name Not Listed Director | Trustee | 6 | $35,000 |
Name Not Listed Director | Trustee | 6 | $37,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aya Healthcare Inc Contract Labor | 12/30/23 | $303,868,571 |
Wilhelm-gilbane A Joint Venture Construction | 12/30/23 | $207,319,596 |
Trimedx Llc Clinical Engineering | 12/30/23 | $56,898,620 |
Messer Construction Construction | 12/30/23 | $54,792,510 |
Curis Design Llc Architectural Services | 12/30/23 | $49,103,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,428,520 |
| Government grants | $7,279,764 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,973,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,681,739 |
| Total Program Service Revenue | $5,379,979,956 |
| Investment income | $106,957,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,494,165 |
| Net Gain/Loss on Asset Sales | $183,343,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,752,062,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,981,887 |
| 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. | $13,347,197 |
| Compensation of current officers, directors, key employees. | $400,416 |
| Compensation to disqualified persons | $696,970 |
| Other salaries and wages | $1,507,995,750 |
| Pension plan accruals and contributions | $47,392,305 |
| Other employee benefits | $181,006,805 |
| Payroll taxes | $92,116,695 |
| Fees for services: Management | $3,032,392 |
| Fees for services: Legal | $991,091 |
| Fees for services: Accounting | $2,868,464 |
| Fees for services: Lobbying | $698,394 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,912,526 |
| Fees for services: Other | $466,976,391 |
| Advertising and promotion | $19,674,725 |
| Office expenses | $31,731,283 |
| Information technology | $145,488,850 |
| Royalties | $0 |
| Occupancy | $96,718,155 |
| Travel | $3,262,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $684 |
| Interest | $55,048,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,665,945 |
| Insurance | $22,312,580 |
| All other expenses | $154,221,933 |
| Total functional expenses | $4,970,388,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,812 |
| Savings and temporary cash investments | $995,606,029 |
| Pledges and grants receivable | $7,209,495 |
| Accounts receivable, net | $748,964,312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,768,292 |
| Inventories for sale or use | $99,611,209 |
| Prepaid expenses and deferred charges | $170,926,226 |
| Net Land, buildings, and equipment | $2,614,663,025 |
| Investments—publicly traded securities | $3,898,265,131 |
| Investments—other securities | $2,716,825,000 |
| Investments—program-related | $326,617,461 |
| Intangible assets | $7,852,193 |
| Other assets | $12,573,886 |
| Total assets | $11,659,974,071 |
| Accounts payable and accrued expenses | $683,653,111 |
| Grants payable | $0 |
| Deferred revenue | $5,866,927 |
| Tax-exempt bond liabilities | $2,073,278,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,053,041 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,758,113,497 |
| Total liabilities | $4,670,964,576 |
| Net assets without donor restrictions | $6,987,153,630 |
| Net assets with donor restrictions | $1,855,865 |
| 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 | $11,659,974,071 |
Grants Awarded
Over the last fiscal year, Indiana University Health Inc has awarded $17,766,577 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN INDIANAPOLIS PURPOSE: Community Benefit | $25,000 |
ALLEN CHAPEL CORPORATION OF THE AME CHURCH INC PURPOSE: General support | $15,000 |
ASPIRE HIGHER FOUNDATION PURPOSE: General support | $250,000 |
BOYS & GIRLS CLUBS OF IN PURPOSE: General support | $40,000 |
BOYS II MEN INC PURPOSE: Community Benefit | $12,000 |
BRIGHTWOOD COMMUNITY CENTER INC PURPOSE: Community Benefit | $15,000 |