Indiana University Health Inc is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 1995, with $6,079,560,656 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
Revenue (FY2024)
$6.1B
▲ 5.7% vs prior year
Health median: $840K
Expenses (FY2024)
$5.3B
Net assets
$7.6B
Employees
23,797
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 Inc: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
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 Inc: 17 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
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 Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Lead the transformation of healthcare through quality, innovation & education, and make indiana one of the nation's healthiest states.
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.
Member premium revenue: the indiana university health system has agreements to provide medical services to subscribing participants or members that generally provide for predefined payments (on a per member, per month basis), regardless of services actually performed. the cost to provide health care services under these agreements is accrued in the period in which the health care services are provided to a member based, in part, on estimates, including an accrual for medical services provided but not yet reported.
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.
Revenue grew from $2.8B (FY2013) to $6.1B (FY2024) across 12 reported years.
Financial snapshot
Operating margin
12.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.8B
Total liabilities
$5.2B
Net assets
$7.6B
Salaries & benefits
$1.9B
36% of expenses
Board members
15
13 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,079,560,656▲5.7% | $5,349,167,108▲7.6% | $7,593,170,872▲8.6% | $12,792,763,812▲9.7% | 990 |
| 2023 | $5,752,062,837▲15.8% | $4,970,388,034▲6.6% | $6,989,009,495▲14.7% | $11,659,974,071▲17.3% | 990 |
| 2022 | $4,969,270,261▼1.9% | $4,664,586,372 | $6,091,257,280▼10.3% | $9,941,042,603▼8.7% | 990 |
| 2021 | $5,067,401,478▲4.4% | $4,662,512,106▲23.1% | $6,792,867,997▲7.5% | $10,887,157,746▲10.1% | 990 |
| 2020 | $4,855,200,985▲16.6% | $3,786,516,000▲5.2% | $6,319,340,198▲18.5% | $9,886,779,945▲3.0% | 990 |
| 2019 | $4,164,734,712▲4.3% | $3,598,044,194▲7.0% | $5,331,694,284▲18.0% | $9,596,487,824▲15.1% | 990 |
| 2018 | $3,994,006,430▲3.3% | $3,363,528,062▲5.4% | $4,520,125,313▼1.2% | $8,335,546,825▲6.1% | 990 |
| 2017 | $3,864,915,335▲3.9% | $3,192,305,218▲4.2% | $4,576,442,532▲23.1% | $7,854,948,856▲8.8% | 990 |
| 2016 | $3,721,532,076▲15.8% | $3,063,851,013▲12.5% | $3,717,746,555▲18.1% | $7,218,875,667▲12.5% | 990 |
| 2015 | $3,214,106,912▲4.9% | $2,724,203,584▲7.9% | $3,147,093,322▲9.8% | $6,419,380,634▲8.1% | 990 |
| 2014 | $3,065,054,623▲10.9% | $2,523,731,038▼0.2% | $2,867,454,318▲14.9% | $5,936,254,384▲13.1% | 990 |
| 2013 | $2,764,668,386 | $2,529,138,796▼6.8% | $2,496,014,519▲8.3% | $5,247,801,615▲5.1% | 990 |
| 2012 | — | $2,713,964,129▲8.7% | $2,305,061,430▲23.5% | $4,994,322,961▲14.4% | 990 |
| 2011 | — | $2,496,181,509▲11.7% | $1,866,340,367▲7.3% | $4,366,601,484▲8.0% | 990 |
| 2010 | — | $2,235,196,607 | $1,739,150,288 | $4,042,172,031 | 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.
Highest-paid: Dennis M Murphy — $4,720,244 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dennis M Murphy | Director/president & Ceo | 60 | $4,720,244 |
| Jennifer M Alvey | Treasurer/svp & Cfo | 53 | $1,820,915 |
| Ronald L Stiver | Svp System Healthcare Operations | 53 | $1,526,456 |
| Erin R Lewis | Secretary/evp/cao & Gen. Counsel | 54 | $1,465,223 |
| Joseph Meyer | Svp System Operations | 55 | $1,411,253 |
| Brian T Shockney | Svp System Regional Operations | 5 | $1,330,269 |
| Gil Peri | President (riley) | 55 | $1,037,420 |
| Nicole Paulk | Svp Chief Strategy Officer | 55 | $1,029,348 |
| Jeffrey C Bird Md | President (ecr) | 0 | $1,005,128 |
| Kenneth D Puckett | Svp - Enterprise Growth and Activation | 20 | $1,000,489 |
| Jason H Gilbert Rn | Evp & Cne | 55 | $972,595 |
| Michelle A Janney Rn | Former Key Employee | 53 | $688,731 |
| Paul M Calkins Md | Former Key Employee | 25 | $355,971 |
| Thomas V Easterday | Board Chair/director | 6 | $50,000 |
| Jay L Hess Md | Director | 6 | $46,500 |
| Kyle L Grazier | Director | 6 | $43,750 |
| Larry H Stevens Md | Director | 6 | $43,500 |
| James A Davlin V | Director | 6 | $37,500 |
| Maureen Bisognano | Director | 6 | $37,500 |
| Robert A Palmer | Director | 6 | $37,500 |
| Contractor | Services | Paid |
|---|---|---|
| Wilhelm-gilbane A Joint Venture | Construction | $465,301,504 |
| Aya Healthcare Inc | Contract Labor | $275,228,520 |
| Weddle Bros Building Svcs | Construction | $89,099,142 |
| Garmong Construction Svcs | Construction | $87,251,186 |
| Messer Construction | Construction | $84,358,734 |
60 grants to Indiana University Health Inc totaling $132.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| James Whitcomb Riley Memorial Association | Hospital programs | 2024 | $14,547,402 |
| Indianapolis Foundation Inc | Supporting iu health's hospital-linked violence intervention program | 2024 | $249,381 |
| Charities Aid Foundation America | Charitable donation | 2024 | $40,000 |
| Muscular Dystrophy Association | Medical diagnosis | 2024 | $40,000 |
| James Whitcomb Riley Memorial Association | Hospital programs | 2023 | $15,859,500 |
| Indiana University Radiology Associates Inc Iu Medical | Fund faculty positions, iu school of medicine department of radiology it infrastructure, and support radiology related education and research | 2023 | $4,743,693 |
| Muscular Dystrophy Association | Medical diagnosis | 2023 | $30,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $21,000 |
| Washington University | Research | 2023 | $7,750 |
| Beth Israel Deaconess Medical Center Inc | Research subcontract | 2023 | $6,641 |
| James Whitcomb Riley Memorial Association | Hospital projects & camp riley | 2022 | $10,601,661 |
| Indiana University Radiology Associates Inc Iu Medical | Fund faculty positions, iu school of medicine department of radiology it infrastructure, and support radiology related education and research | 2022 | $3,522,950 |
| Muscular Dystrophy Association | Medical diagnosis | 2022 | $38,333 |
| Vanderbilt University Medical Center | Research | 2022 | $9,200 |
| James Whitcomb Riley Memorial Association | Hospital projects | 2021 | $10,646,121 |
54 grants totaling $56.9M in FY2024 — showing the 15 largest. All grants made by Indiana University Health Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Indianapolis Foundation Inc | General support | $50,000,000 |
| Workforce Inc | General support | $1,000,000 |
| Intend Indiana Inc | General support | $750,000 |
| Healthnet Inc | General support | $650,000 |
| Community Action of Greater Indianapolis Inc | General support | $525,000 |
| Martin University Inc | General support | $475,730 |
| American Heart Association Inc | General support | $384,716 |
| The St Joseph Community Health Foundation Inc | General support | $302,000 |
| Fathers and Families Resource- Research Center Inc | General support | $250,000 |
| Indiana University | Research | $222,500 |
| Outreach Inc | General support | $219,327 |
| Early Learning Indiana Inc | General support | $217,395 |
| Boys & Girls Club of Fort Wayne Inc | General support | $200,000 |
| Center For Interfaith Cooperation Inc | General support | $167,750 |
| The Arc of Indiana Foundation Inc | General support | $162,500 |
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Data for Indiana University Health Inc (EIN 35-1955872) 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.