Indiana University Health Care Associates Inc
95% goes to programs $0 to raise $100 Thin reserves Growing revenue
Indiana University Health Care Associates Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 1989, with $1,433,924,467 in FY2024 revenue. CharityIndex grades it C+, and it directs about 95% of spending to programs.
950 N Meridian St Ste 1200, Indianapolis, IN, 46204 EIN 35-1747218 Since 1989
Revenue (FY2024)
$1.4B
▲ 11.7% vs prior year
Health median: $840K
Expenses (FY2024)
$1.9B
Net assets
$66.9M
Employees
2,839
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating95% 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 Care Associates Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -30% 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 Care Associates Inc: 0 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Care Associates Inc: 5 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 Care Associates Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
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.
What they do
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.
Contact & location
- Address
- 950 N Meridian St Ste 1200, Indianapolis, IN, 46204
- City
- Indianapolis
- State
- Indiana
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $483.4M (FY2013) to $1.4B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $233.1MNet assets $66.9M
Operating margin
-30.1%
Spent more than it raised in the latest fiscal year.
Total assets
$299.9M
Total liabilities
$233.1M
Net assets
$66.9M
Salaries & benefits
$1.5B
79% of expenses
Board members
7
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,433,924,467▲11.7% | $1,866,008,993▲7.5% | $66,895,471▲216% | $299,949,660▲56.8% | 990 |
| 2023 | $1,283,406,061▲4.3% | $1,735,477,743▲8.4% | -$57,623,989▼67.6% | $191,252,481▲6.6% | 990 |
| 2022 | $1,230,333,350▲14.3% | $1,600,675,725▲12.5% | -$34,385,661▲45.8% | $179,374,815▼12.1% | 990 |
| 2021 | $1,076,786,666▲24.3% | $1,422,209,334▲19.5% | -$63,472,621▼731% | $204,039,501▲3.7% | 990 |
| 2020 | $866,260,002▲0.2% | $1,190,225,988▲4.8% | -$7,640,566▼139% | $196,785,353▼16.7% | 990 |
| 2019 | $864,178,118▲7.9% | $1,136,222,470▲5.7% | $19,600,094▼38.3% | $236,325,955▲31.9% | 990 |
| 2018 | $800,584,674▲3.1% | $1,075,300,197▲5.3% | $31,792,394▼40.3% | $179,211,139▼5.0% | 990 |
| 2017 | $776,542,124▲9.1% | $1,021,350,292▲8.5% | $53,256,019▲17.1% | $188,589,929▲19.8% | 990 |
| 2016 | $711,751,064▲5.2% | $941,252,059▲14.7% | $45,495,547▼14.2% | $157,380,189▲4.0% | 990 |
| 2015 | $676,462,829▲26.6% | $820,755,354▲22.6% | $53,007,332▲135% | $151,269,727▲20.3% | 990 |
| 2014 | $534,238,452▲10.5% | $669,373,494▲13.6% | $22,510,712▼34.4% | $125,753,380▼5.7% | 990 |
| 2013 | $483,404,936 | $589,001,452▲16.6% | $34,320,535▲51.1% | $133,408,046▲45.8% | 990 |
| 2012 | — | $505,259,929▲31.6% | $22,720,051▲11.2% | $91,514,852▲32.9% | 990 |
| 2011 | — | $383,849,487▲44.9% | $20,432,540▲155% | $68,877,343▲54.3% | 990 |
| 2010 | — | $264,908,899 | -$37,370,032 | $44,633,241 | 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: Bradley N Bohnstedt Md — $2,135,395 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bradley N Bohnstedt Md | Physician | 55 | $2,135,395 |
| Xiaotao F Qian Md | Physician | 55 | $1,853,619 |
| Mark W Turrentine Md | Division Chief | 55 | $1,582,135 |
| David A Ingram Md | Interim President (part Year) | 2 | $1,515,736 |
| Ryan D Nagy Md | President (aahc) | 1 | $1,404,883 |
| Peter T Zavislak Md | Physician | 55 | $1,395,208 |
| Karl Bilimoria | Director/vice Chair | 55 | $855,308 |
| Nathan Lambert Md | Director | 55 | $804,860 |
| Michele S Saysana Md | President (part Year) | 49 | $629,341 |
| David Aronoff Md | Director/chair | 55 | $589,550 |
| Himanshu Shah Md | Former Officer | 55 | $460,838 |
| Melissa Hockaday | Coo/cno | 55 | $390,603 |
| Richard C Zellars Md | Former Officer | 55 | $367,313 |
| Jeffrey F Peipert Md | Former Director and Officer | 55 | $128,340 |
| Brian D Kremer | Former Key Employee | 50 | — |
| Brian T Shockney | Director | 10 | — |
| Jamie B Dimond | Director | 2 | — |
| Jay L Hess Md | Director | 2 | — |
| Judith L Coleman | Cfo (part Year) | 55 | — |
| Kenneth D Puckett | Director | 5 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Indiana University | Medical | $84,799,796 |
| University Medical Diagnostic Associates | Medical | $17,522,637 |
| Scribeamerica LLC | Medical | $1,309,251 |
| Edelberg Compliance Associates Inc | Medical Coding | $1,022,550 |
| Weatherby Locums Inc | Staffing | $810,258 |
Grants received · $7.8M total
12 grants to Indiana University Health Care Associates Inc totaling $7.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| James Whitcomb Riley Memorial Association | Hospital programs | 2023 | $196,594 |
| Amyotrophic Lateral Sclerosis Assn | Annual grant payment fy24 center of excellence/research | 2023 | $25,000 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2022 | $69,859 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2021 | $169,729 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2020 | $836,276 |
| Americares Foundation Inc | Emergency | 2020 | $44,322 |
| Americares Foundation Inc | Emergency | 2020 | $44,322 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2019 | $1,788,888 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2018 | $492,552 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2017 | $2,283,631 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2016 | $89,273 |
| Iu Medical Group Foundation Inc | To educate, inform and advocate on behalf of healthcare providers/consumers. | 2014 | $1,802,133 |
Grants made · $13.6M in FY2024
1 grant totaling $13.6M in FY2024. All grants made by Indiana University Health Care Associates Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University School of Medicine | Physician faculty access to care (pfac) | $13,590,016 |
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Compare Indiana University Health Care Associates Inc
Frequently asked questions
- Is Indiana University Health Care Associates Inc a legitimate nonprofit?
- Yes. Indiana University Health Care Associates Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-1747218, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Indiana University Health Care Associates Inc's EIN?
- Indiana University Health Care Associates Inc's Employer Identification Number (EIN) is 35-1747218.
- How much revenue does Indiana University Health Care Associates Inc report?
- Indiana University Health Care Associates Inc reported $1,433,924,467 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Indiana University Health Care Associates Inc's spending goes to programs?
- Indiana University Health Care Associates Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Indiana University Health Care Associates Inc have?
- CharityIndex grades Indiana University Health Care Associates Inc C+, based on program efficiency and fundraising cost.
- How much does Indiana University Health Care Associates Inc's highest-paid employee make?
- The highest reported compensation on Indiana University Health Care Associates Inc's latest Form 990 is $2,135,395, paid to Bradley N Bohnstedt Md (Physician).
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Data for Indiana University Health Care Associates Inc (EIN 35-1747218) 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.