Indiana University Health Plans Nfp Inc
- Assets
- $52.3m
- Revenue
- $156.9m
- Investments
- $502.5k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 46-3803873
Organization Overview
Indiana University Health Plans Nfp Inc is located in Indianapolis, IN. The organization was established in 2016. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Health Plans Nfp Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Indiana University Health Plans Nfp Inc generated $156.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $165.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN INDIANA MEDICARE ADVANTAGE PLAN THAT IS PASSIONATE ABOUT HELPING OUR MEMBERS ACHIEVE THE WELLBEING THEY DESIRE BY IMPROVING THE WAY THEY EXPERIENCE HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIANA UNIVERSITY HEALTH PLANS NFP, INC. ("IU HEALTH PLANS NFP") OPERATES AS A HEALTH MAINTENANCE ORGANIZATION ("HMO") THAT HOLDS A CONTRACT WITH THE FEDERAL CENTERS FOR MEDICAID AND MEDICARE SERVICES, A DIVISION OF THE FEDERAL DEPARTMENT OF HEALTH AND HUMAN SERVICES, TO BE A MEDICARE ADVANTAGE ORGANIZATION. MEDICARE ADVANTAGE ORGANIZATIONS ARE REQUIRED TO PROVIDE ADEQUATE ACCESS TO COMPREHENSIVE HEALTH CARE SERVICES FOR MEDICARE BENEFICIARIES THROUGH A CONTRACTED NETWORK OF HEALTH CARE PROVIDERS. TO BE CONSIDERED ADEQUATE, THE NETWORK MUST HAVE A SUFFICIENT NUMBER OF HEALTH CARE PROVIDERS WITHIN AN ACCEPTABLE DISTANCE OF THE MEDICARE BENEFICIARIES. THE CORPORATION USES INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH") AS A HEALTH CARE DELIVERY SYSTEM TO DELIVER AND ARRANGE FOR HEALTH CARE SERVICES TO MEDICARE BENEFICIARIES. IU HEALTH MAINTAINS A NETWORK OF PROVIDERS THROUGHOUT THE STATE OF INDIANA. IU HEALTH PLANS NFP'S HMO BUSINESS IS LIMITED TO THE MEDICARE ADVANTAGE PROGRAM. THE CORPORATION DOES NOT CURRENTLY NOR DOES IT INTEND IN THE FUTURE TO PROVIDE HMO COVERAGE IN THE COMMERCIAL, INDIVIDUAL, OR GROUP HEALTH INSURANCE MARKETS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/president | OfficerTrustee | 25 | $0 |
Name Not Listed Director (part Year) | Trustee | 2 | $0 |
Name Not Listed Director (part Year) | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director (part Year) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hy Connect Advertising | 12/30/20 | $2,198,708 |
Bloom Insurance Agency Commissions | 12/30/20 | $1,360,650 |
Change Healthcare Solutions Llc Consulting | 12/30/20 | $523,993 |
Milliman Inc Actuarial Services | 12/30/20 | $356,444 |
Amer Specialty Health Fitness Health | 12/30/20 | $300,381 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $156,305,461 |
| Investment income | $574,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,879,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,529 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,897,285 |
| Advertising and promotion | $4,812,626 |
| Office expenses | $171,237 |
| Information technology | $62,392 |
| Royalties | $0 |
| Occupancy | $221,779 |
| Travel | $10,073 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,207 |
| All other expenses | $100,524 |
| Total functional expenses | $165,185,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,950,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,323,542 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $517,735 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $502,547 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,294,218 |
| Accounts payable and accrued expenses | $11,554,962 |
| 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 | $16,850,661 |
| Total liabilities | $28,405,623 |
| Net assets without donor restrictions | $23,888,595 |
| 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 | $52,294,218 |