Indiana University Health
Indiana University Health reported $6.08 billion in revenue and $5.35 billion in expenses for calendar year 2024. Of every $100 it spent, $95.32 went to program services, $4.68 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.6% of the total. The highest compensation it reported for one person was $5,720,461 (DIRECTOR/PRESIDENT & CEO). 3,365 people received more than $100,000 in reportable compensation. Revenue rose 46% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.35BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $6.08BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.7% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.7% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.2% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.6% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $5,720,461 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.11% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 3,365 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 13 of 15 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseNet 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…
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR/PRESIDENT & CEO Director/trustee, officer, 60.0 hrs/week | $4,720,244 | $0 | $1,000,217 | $5,720,461 |
| TREASURER/SVP & CFO Officer, 53.0 hrs/week | $1,820,915 | $0 | $271,950 | $2,092,865 |
| EVP & CME Key employee, 52.0 hrs/week | $0 | $1,515,736 | $228,490 | $1,744,226 |
| SVP System Healthcare Operations Key employee, 53.0 hrs/week | $1,526,456 | $0 | $214,194 | $1,740,650 |
| Secretary/EVP/CAO & Gen. Counsel Officer, 54.0 hrs/week | $1,465,223 | $0 | $240,815 | $1,706,038 |
| PRESIDENT (AAHC) Key employee, 54.0 hrs/week | $0 | $1,404,883 | $179,152 | $1,584,035 |
| SVP System Regional Operations Highest compensated employee, 5.0 hrs/week | $1,330,269 | $0 | $225,805 | $1,556,074 |
| SVP System Operations Highest compensated employee, 55.0 hrs/week | $1,411,253 | $0 | $132,926 | $1,544,179 |
3,365 people received more than $100,000 in reportable compensation from Indiana University Health (Part VII, line 2). Compensation of current officers, directors and key employees totaled $14M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 523,797
- Volunteers Part I, line 61,249
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| 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 |
Individuals listed as contractors are left out. 1,390 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Indiana University Health totaling $25,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Indiana University Health's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Indiana University Health, you can publish a response that is linked from this page.
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Of every $100 Indiana University Health spent in 2024, $95.32 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Highmark Health GroupPittsburgh, PA · revenue $6.06B · programs 91.1% · 2024
- Sanford Group ReturnSioux Falls, SD · revenue $6.11B · programs 92.4% · 2024
- Ochsner Clinic FoundationNew Orleans, LA · revenue $6.04B · programs 80.5% · 2024
- Duke University Health SystemDurham, NC · revenue $6.17B · programs 84.8% · FY2025
- Kaiser Foundation Health Plan of the Mid-Atlantic StatesOakland, CA · revenue $6.00B · programs 94.8% · 2024
Questions people ask
How much of Indiana University Health's spending goes to programs?
In calendar year 2024, Indiana University Health reported that 95.3% of its $5.35 billion in expenses went to program services, 4.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Indiana University Health pay its top executive?
The largest total compensation Indiana University Health reported for one person in calendar year 2024 was $5,720,461, for the role of DIRECTOR/PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Indiana University Health get its money?
Of $6.08 billion in revenue in calendar year 2024, 0.7% came from contributions and grants (including 0.2% from government grants) and 92.6% from program service revenue (Form 990, Part VIII).
Is Indiana University Health a registered charity?
The IRS lists EIN 35-1955872 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523209349300732 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443209349310559 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343199349301824 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349312238 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133159349307458 · read the filing
- 2019: Form 990 for calendar year 2019, object 202013189349304021 · read the filing
All filings for EIN 35-1955872: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.