Indiana University Health Arnett Inc
96% goes to programs $0 to raise $100 Strong reserves
Indiana University Health Arnett Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 2011, with $662,042,883 in FY2024 revenue. CharityIndex grades it A+, and it directs about 96% of spending to programs.
950 N Meridian St Ste 1200, Indianapolis, IN, 46204 EIN 26-3162145 Since 2011
Revenue (FY2024)
$662.0M
▲ 3.2% vs prior year
Health median: $840K
Expenses (FY2024)
$648.5M
Net assets
$329.7M
Employees
3,025
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating96% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Indiana University Health Arnett Inc: 96% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Indiana University Health Arnett Inc: 6 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Indiana University Health Arnett Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Indiana University Health Arnett Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Lead the transformation of healthcare through quality, innovation & education, and make indiana one of the nation's healthiest states.
What they do
Our network of pharmacies offers the convenience of one-stop shopping. we provide expert care and help patients make the best use of their medications.
Iu health arnett 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.
Income (loss) from pass-through entities.
Contact & location
- Address
- 950 N Meridian St Ste 1200, Indianapolis, IN, 46204
- City
- Indianapolis
- State
- Indiana
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $409.3M (FY2013) to $662.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $44.6MNet assets $329.7M
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$374.4M
Total liabilities
$44.6M
Net assets
$329.7M
Salaries & benefits
$336.7M
52% of expenses
Board members
14
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $662,042,883▲3.2% | $648,547,761▲4.2% | $329,717,489▲4.3% | $374,363,662▼1.2% | 990 |
| 2023 | $641,512,534▲9.5% | $622,302,384▲5.0% | $316,152,600▲6.5% | $378,909,781▲7.4% | 990 |
| 2022 | $585,823,463▼0.7% | $592,400,396▲13.4% | $296,942,450▼2.2% | $352,808,000▼5.0% | 990 |
| 2021 | $590,210,775▲17.1% | $522,438,083▲6.8% | $303,519,383▲28.7% | $371,491,097▲16.2% | 990 |
| 2020 | $504,048,288▼3.0% | $489,377,949 | $235,746,691▲6.6% | $319,820,511▼32.7% | 990 |
| 2019 | $519,461,146▲5.7% | $489,266,523▲5.4% | $221,076,352▲15.8% | $475,189,520▲3.3% | 990 |
| 2018 | $491,243,338▲6.3% | $464,201,654▲4.3% | $190,892,000▲16.3% | $460,062,267▲8.4% | 990 |
| 2017 | $462,298,579▲3.1% | $445,168,642▲10.7% | $164,112,993▲11.7% | $424,436,656▲7.4% | 990 |
| 2016 | $448,227,463▲2.6% | $402,158,248▲8.0% | $146,983,056▲45.6% | $395,125,131▲8.5% | 990 |
| 2015 | $436,831,571▲4.3% | $372,332,910▲0.4% | $100,921,601▲177% | $364,307,759▲7.8% | 990 |
| 2014 | $418,630,036▲2.3% | $370,848,740▼1.9% | $36,422,940▲421% | $338,093,042▲33.4% | 990 |
| 2013 | $409,340,597 | $378,045,174▼0.8% | -$11,358,356▲73.4% | $253,519,309▲1.1% | 990 |
| 2012 | — | $381,099,212▲12.3% | -$42,653,779▲28.4% | $250,745,644▲2.5% | 990 |
| 2011 | — | $339,220,240 | -$59,571,615 | $244,621,436 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Joseph E Hubbard Md — $1,202,649 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joseph E Hubbard Md | Phy. Dept. Chair | 55 | $1,202,649 |
| Garrett Jackson Md | Physician | 55 | $1,200,036 |
| Stanton M Regan Md | Physician | 55 | $1,149,702 |
| Abhay Singhal Md | Physician | 55 | $1,034,184 |
| Matthew Orton Md | Medical Director | 55 | $993,992 |
| Ruban Nirmalan Md | Director | 51 | $990,753 |
| Erika Ugianskis Md | Director | 51 | $917,291 |
| Mark Buono Md | Director | 51 | $820,411 |
| Christopher A Mansfield Md | Former Key Employee | 35 | $655,505 |
| Kishan Patel Md | Vp-chief Physician Executive (wcr) | 35 | $473,047 |
| Roxanne Wicklund | Cno (wcr) | 35 | $357,547 |
| William Y Li Md | Director | 51 | $191,724 |
| James H Parsons | Former Key Employee | 35 | $184,617 |
| Yingkei Hui Md | Director (part Year) | 2 | $33,657 |
| Amanda Whitlock | Director | 2 | — |
| Arthur Vasquez | President (wcr) | 33 | — |
| Ben Harpenau | Director | 2 | — |
| Derek E Empie | Former Officer | 0 | — |
| Gary D Henriott | Director/chair | 2 | — |
| Jesse Moore | Director | 2 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Trimedx LLC | Clinical Engineering | $4,259,041 |
| Kettelhut Construction | Construction | $2,432,625 |
| Hagerman Construction Corp | Construction | $1,997,740 |
| Barton Associates Inc | Consulting | $1,449,143 |
| Medefis | Vendor Management | $1,437,383 |
Grants received · $30K total
2 grants to Indiana University Health Arnett Inc totaling $30K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Patient Access Network Foundation | Patient assistance | 2015 | $19,544 |
| Patient Access Network Foundation | Patient assistance | 2014 | $10,096 |
Grants made · $1.0M in FY2024
17 grants totaling $1.0M in FY2024 — showing the 15 largest. All grants made by Indiana University Health Arnett Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana Latino Institute Inc | Community benefit | $527,634 |
| Goodwill Foundation of Central and Southern Indiana Inc | Community benefit | $186,262 |
| Lafayette YMCA Support Corporation | Community benefit | $150,000 |
| United Way of Greater Lafayette & Tippecanoe County | Community benefit | $56,755 |
| Food Finders Food Bank Inc | Community benefit | $17,000 |
| Mental Health America Wabash Valley Region Inc | Community benefit | $13,000 |
| Lyn Treece Boys & Girls Club of Tippecanoe County Inc | Community benefit | $10,000 |
| Healthy Communities of Clinton County | Community benefit | $10,000 |
| Wecare of Clinton County Inc | Community benefit | $8,500 |
| White County United Way Inc | Community benefit | $5,000 |
| Core Community Center | Community benefit | $5,000 |
| Hanna Community Council Inc | Community benefit | $5,000 |
| Upper Room Youth Center Inc | Community benefit | $5,000 |
| Tippecanoe School Corporation | Community benefit | $5,000 |
| Lafayette Urban Ministry Inc | Community benefit | $5,000 |
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Frequently asked questions
- Is Indiana University Health Arnett Inc a legitimate nonprofit?
- Yes. Indiana University Health Arnett Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-3162145, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Indiana University Health Arnett Inc's EIN?
- Indiana University Health Arnett Inc's Employer Identification Number (EIN) is 26-3162145.
- How much revenue does Indiana University Health Arnett Inc report?
- Indiana University Health Arnett Inc reported $662,042,883 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Indiana University Health Arnett Inc's spending goes to programs?
- Indiana University Health Arnett Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Indiana University Health Arnett Inc have?
- CharityIndex grades Indiana University Health Arnett Inc A+, based on program efficiency and fundraising cost.
- How much does Indiana University Health Arnett Inc's highest-paid employee make?
- The highest reported compensation on Indiana University Health Arnett Inc's latest Form 990 is $1,202,649, paid to Joseph E Hubbard Md (Phy. Dept. Chair).
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Data for Indiana University Health Arnett Inc (EIN 26-3162145) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.