Nonprofit · EIN 35-1955872
INDIANA UNIVERSITY HEALTH INC
Tax-exempt · INDIANAPOLIS, IN 46204
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,079,560,656 | $5,349,167,108 | $730,393,548 | $12,792,763,812 | $5,199,592,940 | $7,593,170,872 |
| December 31, 2023 | 990 | $5,752,062,837 | $4,970,388,034 | $781,674,803 | $11,659,974,071 | $4,670,964,576 | $6,989,009,495 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $44,119,616
- of which government grants
- $11,099,934
- Program service revenue
- $5,628,434,003
- Investment income
- $341,192,239
- Net rental income
- $3,177,156
- Net gain from sales of assets
- $206,800,498
- Other revenue
- $65,814,798
Expenses
- Grants and similar amounts paid
- $76,055,009
- Compensation of officers, directors and key employees
- $13,986,265
- Other salaries and wages
- $1,580,236,939
- Salaries, compensation and benefits (total)
- $1,939,963,425
- Professional fundraising fees
- $0
- Legal fees
- $214,934
- Accounting fees
- $2,960,130
- Occupancy
- $99,701,450
- Travel
- $4,096,706
- Depreciation
- $160,743,943
- Program services (functional)
- $5,098,655,579
- Management and general (functional)
- $250,511,529
Balance sheet and other
- Total assets, start of year
- $11,659,974,071
- Total assets, end of year
- $12,792,763,812
- Total liabilities, end of year
- $5,199,592,940
- Net assets, end of year
- $7,593,170,872
- Land, buildings and equipment
- $3,417,747,394
- Publicly traded securities
- $4,110,697,713
- Net assets without donor restrictions
- $7,591,315,007
- Net assets with donor restrictions
- $1,855,865
- Gross unrelated business income
- $56,792,480
- Gross receipts
- $9,467,196,246
- Employees
- 23,797
- Volunteers
- 1,249
- Year formed
- 1995
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DENNIS M MURPHY | DIRECTOR/PRESIDENT & CEO Trustee or director, Officer | 60 | $4,720,244 | $0 | $1,000,217 |
| JENNIFER M ALVEY | TREASURER/SVP & CFO Officer | 53 | $1,820,915 | $0 | $271,950 |
| DAVID A INGRAM MD | EVP & CME Key employee | 52 | $0 | $1,515,736 | $228,490 |
| RONALD L STIVER | SVP System Healthcare Operations Key employee | 53 | $1,526,456 | $0 | $214,194 |
| ERIN R LEWIS | Secretary/EVP/CAO & Gen. Counsel Officer | 54 | $1,465,223 | $0 | $240,815 |
| RYAN D NAGY MD | PRESIDENT (AAHC) Key employee | 54 | $0 | $1,404,883 | $179,152 |
| BRIAN T SHOCKNEY | SVP System Regional Operations Highest-paid employee | 5 | $1,330,269 | $0 | $225,805 |
| JOSEPH MEYER | SVP System Operations Highest-paid employee | 55 | $1,411,253 | $0 | $132,926 |
| NICOLE PAULK | SVP Chief Strategy Officer Highest-paid employee | 55 | $1,029,348 | $0 | $196,663 |
| KENNETH D PUCKETT | SVP - Enterprise Growth and Activation Highest-paid employee | 20 | $1,000,489 | $0 | $194,306 |
| JEFFREY C BIRD MD | PRESIDENT (ECR) Highest-paid employee | 0 | $1,005,128 | $0 | $176,317 |
| JASON H GILBERT RN | EVP & CNE Key employee | 55 | $972,595 | $0 | $204,660 |
| GIL PERI | President (Riley) Key employee | 55 | $1,037,420 | $0 | $54,076 |
| LARRY H STEVENS MD | DIRECTOR Trustee or director | 6 | $43,500 | $653,646 | $44,300 |
| MICHELLE A JANNEY RN | FORMER KEY EMPLOYEE Former | 53 | $688,731 | $0 | $5,959 |
15 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PAUL M CALKINS MD | FORMER KEY EMPLOYEE Former | 25 | $355,971 | $52,208 |
| THOMAS V EASTERDAY | BOARD CHAIR/DIRECTOR Trustee or director, Officer | 6 | $50,000 | $0 |
| JAY L HESS MD | DIRECTOR Trustee or director | 6 | $46,500 | $0 |
| KYLE L GRAZIER | DIRECTOR Trustee or director | 6 | $43,750 | $0 |
| JAMES A DAVLIN V | DIRECTOR Trustee or director | 6 | $37,500 | $0 |
| MAUREEN BISOGNANO | DIRECTOR Trustee or director | 6 | $37,500 | $0 |
| ROBERT A PALMER | DIRECTOR Trustee or director | 6 | $37,500 | $0 |
| ALICIA D MONROE MD | DIRECTOR Trustee or director | 6 | $35,625 | $0 |
| JEFFREY A HARRISON | DIRECTOR Trustee or director | 6 | $35,000 | $0 |
| QUINN BUCKNER | DIRECTOR Trustee or director | 6 | $35,000 | $0 |
| KRISTIN MAYS-CORBITT | DIRECTOR Trustee or director | 6 | $28,125 | $0 |
| BISHOP JULIUS C TRIMBLE | Director/Vice-Chair (Part Year) Trustee or director, Officer | 6 | $18,750 | $0 |
| BISHOP TRACY S MALONE | Director/Vice-Chair (Part Year) Trustee or director, Officer | 6 | $8,750 | $0 |
| PAMELA WHITTEN | DIRECTOR/VICE-CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| JEFFREY N SIMMONS | DIRECTOR Trustee or director | 6 | $0 | $0 |
990 for the year ended December 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DENNIS M MURPHY | DIRECTOR/PRESIDENT & CEO Trustee or director, Officer | 60 | $3,987,200 | $0 | $982,839 |
| MICHELLE A JANNEY RN | EVP & COO Key employee | 53 | $1,961,448 | $0 | $300,768 |
| JENNIFER M ALVEY | TREASURER/SVP & CFO Officer | 53 | $1,601,621 | $0 | $264,303 |
| RONALD L STIVER | PRESIDENT (SHS) Highest-paid employee | 53 | $1,351,039 | $0 | $213,445 |
| DAVID A INGRAM MD | EVP & CME Key employee | 52 | $0 | $1,269,571 | $221,658 |
| RYAN D NAGY MD | PRESIDENT (AAHC) Key employee | 54 | $0 | $1,187,403 | $172,868 |
| ERIN R LEWIS | Secretary/EVP/CAO & Gen. Counsel Officer | 54 | $1,118,037 | $0 | $220,215 |
| Gil Peri | President (Riley) Key employee | 55 | $1,086,927 | $0 | $220,532 |
| BRIAN T SHOCKNEY | PRESIDENT (SCR) (Part Year)/SVP System Regional Operations Highest-paid employee | 0 | $1,036,225 | $0 | $211,047 |
| JEFFREY C BIRD MD | PRESIDENT (ECR) Highest-paid employee | 0 | $985,198 | $0 | $172,192 |
| KENNETH DOUG PUCKETT | PRESIDENT (ISR) Highest-paid employee | 0 | $901,248 | $0 | $183,503 |
| Timothy A Tarnowski | SVP & CIO Highest-paid employee | 55 | $954,939 | $0 | $89,329 |
| Jason H Gilbert RN | EVP & CNE Key employee | 55 | $733,124 | $0 | $180,525 |
| LARRY H STEVENS MD | DIRECTOR Trustee or director | 6 | $43,500 | $561,387 | $43,145 |
| PAUL M CALKINS MD | FORMER KEY EMPLOYEE Former | 25 | $571,987 | $0 | $62,470 |
| THOMAS V EASTERDAY | BOARD CHAIR/DIRECTOR Trustee or director, Officer | 6 | $50,000 | $0 | $0 |
| JAY L HESS MD | DIRECTOR Trustee or director | 6 | $44,500 | $0 | $0 |
| BISHOP JULIUS C TRIMBLE | DIRECTOR/VICE-CHAIR Trustee or director, Officer | 6 | $37,500 | $0 | $0 |
| JAMES A DAVLIN V | DIRECTOR Trustee or director | 6 | $37,500 | $0 | $0 |
| Kristin Mays-Corbitt | DIRECTOR Trustee or director | 6 | $37,500 | $0 | $0 |
| KYLE L GRAZIER | DIRECTOR Trustee or director | 6 | $37,500 | $0 | $0 |
| MAUREEN BISOGNANO | DIRECTOR Trustee or director | 6 | $37,500 | $0 | $0 |
| ROBERT A PALMER | DIRECTOR Trustee or director | 6 | $37,500 | $0 | $0 |
| Alicia D Monroe MD | DIRECTOR Trustee or director | 6 | $35,000 | $0 | $0 |
| JEFFREY A HARRISON | DIRECTOR Trustee or director | 6 | $35,000 | $0 | $0 |
| Quinn Buckner | DIRECTOR Trustee or director | 6 | $35,000 | $0 | $0 |
| Pamela Whitten | DIRECTOR/VICE-CHAIR Trustee or director, Officer | 6 | $0 | $0 | $0 |
| JEFFREY N SIMMONS | DIRECTOR (PART YEAR) Trustee or director | 6 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 950 N MERIDIAN ST STE 1200, INDIANAPOLIS, IN 46204-1011
- In care of
- % CRAIG J JONES
- Principal officer (990 for 2024)
- DENNIS M MURPHY, 950 N MERIDIAN STREET 1200, INDIANAPOLIS, IN 46204
- Signed the 990
- Jennifer M Alvey, Treasurer/SVP & CFO
- Phone
- (317) 963-4842
- Return prepared by
- ERNST & YOUNG US LLP
Mission
Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.
Program accomplishments
- NET 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 MEDICAL SCHOOLS, TO GIVE PATIENTS ACCESS TO INNOVATIVE TREATMENTS AND THERAPIES, ALL WITHOUT REGARD TO THEIR ABILITY TO PAY. IU HEALTH IS ALSO THE PARENT ORGANIZATION OF THE IU HEALTH SYSTEM, INDIANA'S MOST COMPREHENSIVE HEALTH CARE SYSTEM. IU HEALTH METHODIST AND IU HEALTH UNIVERSITY HOSPITALS IU HEALTH METHODIST AND IU HEALTH UNIVERSITY HOSPITALS, LOCATED IN INDIANAPOLIS, INDIANA, ARE A 1,025-BED ADULT ACADEMIC HEALTH CENTER IN PARTNERSHIP WITH THE IU SCHOOL OF MEDICINE. IU HEALTH METHODIST HOSPITAL AND IU HEALTH UNIVERSITY HOSPITAL ARE DESIGNATED AS MAGNET HOSPITALS, RECOGNIZED FOR EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS. IU HEALTH UNIVERSITY HOSPITAL IS A LEADING ACADEMIC MEDICAL CENTER WITH A COMMITMENT TO DISSEMINATING RESEARCH FINDINGS WHILE IMPROVING THE QUALITY OF LIFE FOR PEOPLE ON A LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL BASIS. IU HEALTH METHODIST HOSPITAL AND IU HEALTH UNIVERSITY HOSPITAL BOTH SERVE AN ADULT POPULATION. THESE HOSPITALS LEAD THE WAY IN COMMUNITY BENEFIT INITIATIVES. A SUBSTANTIAL PIECE OF COMMUNITY BENEFIT IS PROVIDING EXCELLENT CARE TO PATIENTS, REGARDLESS OF THEIR ABILITY TO PAY. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH RILEY HOSPITAL FOR CHILDREN AT IU HEALTH, LOCATED IN INDIANAPOLIS, INDIANA, IS A 276-BED CHILDREN'S HOSPITAL THAT IS INDIANA'S LARGEST AND MOST COMPREHENSIVE PEDIATRIC HOSPITAL. IT IS REGULARLY RANKED AMONG THE TOP CHILDREN'S HOSPITALS IN THE COUNTY BY U.S. NEWS & WORLD REPORT'S BEST CHILDREN'S HOSPITALS. IN ADDITION TO CLINICAL EXPERTISE, RILEY HOSPITAL FOR CHILDREN AT IU HEALTH'S PARTNERSHIP WITH THE IU SCHOOL OF MEDICINE ENSURES THAT PATIENTS HAVE ACCESS TO THE MOST INNOVATIVE TREATMENTS AND THE LATEST RESEARCH AND TECHNOLOGY. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH PROVIDES COMPREHENSIVE, FAMILY-CENTERED CARE TO MORE THAN 250,000 CHILDREN ANNUALLY THROUGH ITS STATEWIDE PRIMARY AND SPECIALTY CARE OFFICES, AND INPATIENT AND OUTPATIENT SERVICES AT ITS FLAGSHIP HOSPITAL. PEDIATRIC PATIENTS AND THEIR FAMILIES TRAVEL FROM ALL 92 INDIANA COUNTIES, THE REGION AND THE WORLD TO ACCESS THE NATIONALLY RECOGNIZED CLINICAL PROGRAMS OF RILEY HOSPITAL FOR CHILDREN AT IU HEALTH. RILEY HOSPITAL FOR CHILDREN AT IU HEALTH IS ALSO DESIGNATED AS A MAGNET HOSPITAL, RECOGNIZED FOR EXCELLENCE IN NURSING SERVICES AND HIGH-QUALITY CLINICAL OUTCOMES FOR PATIENTS. IU HEALTH SAXONY HOSPITAL IU HEALTH SAXONY HOSPITAL, LOCATED IN FISHERS, INDIANA, IS A 32-BED SPECIALTY CARE HOSPITAL PRIMARILY FOCUSING ON SURGICAL SERVICES FOR CARDIOVASCULAR AND ORTHOPEDICS. IT OPENED IN 2011 AND INCLUDES SIX OPERATING ROOMS, A FULL EMERGENCY DEPARTMENT, A HELIPAD FOR MEDICAL TRANSPORT AND A MEDICAL OFFICE COMPLEX. IU HEALTH SAXONY HOSPITAL IS ALSO HOME TO THE INDIANA UNIVERSITY HEALTH HIP AND KNEE CENTER. HERE, THE TEAM OF FELLOWSHIP TRAINED SURGEONS PERFORM MORE HIP AND KNEE REPLACEMENTS THAN ANY OTHER IU HEALTH FACILITY IN THE STATE. IU HEALTH MORGAN IU HEALTH MORGAN, AN OUTPATIENT DEPARTMENT OF THE IU HEALTH ACADEMIC HEALTH CENTER LOCATED IN MARTINSVILLE, INDIANA, OFFERS COVERAGE IN ADULT AND PEDIATRIC CARE; SPECIALTY CARE; EMERGENCY AND URGENT CARE; DIAGNOSTIC IMAGING INCLUDING 3D MAMMOGRAPHY; LAB TESTING; OUTPATIENT SURGICAL SERVICES; CANCER CARE, INCLUDING MEDICAL AND RADIATION ONCOLOGY; CARDIAC, PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES; SLEEP LAB; AND COMMUNITY HEALTH AND WELLNESS, INCLUDING MEDICAL NUTRITION THERAPY AND DIABETES CARE.Expenses $2,614,635,251 · grants $76,055,009 · revenue $2,887,628,578
- 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.Expenses $842,740,836 · revenue $930,731,169
- 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.Expenses $567,940,839 · revenue $627,239,382
- 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.Expenses $526,305,817 · revenue $581,257,259
- PHARMACY SERVICES: Our network of pharmacies offers the ease of "one-stop" shopping. With services designed to meet your needs, we will provide expert care and help patients make the best use of their medications.Expenses $493,962,684 · revenue $545,537,188
- ALL OTHER PROGRAMS, SUCH AS RENT FROM RELATED 501(c)(3) ORGANIZATIONS, INCOME FROM PASS-THROUGH ENTITIESExpenses $53,070,152 · revenue $58,611,192
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1955872
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $12,792,763,812
- Income (IRS master file)
- $9,467,196,246
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,079,560,656 | $5,349,167,108 | $12,792,763,812 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,752,062,837 | $4,970,388,034 | $11,659,974,071 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,969,270,261 | $4,664,586,372 | $9,941,042,603 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1955872).
Questions about INDIANA UNIVERSITY HEALTH INC
- What is the EIN of INDIANA UNIVERSITY HEALTH INC?
- The employer identification number (EIN) of INDIANA UNIVERSITY HEALTH INC is 35-1955872.
- Is INDIANA UNIVERSITY HEALTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to INDIANA UNIVERSITY HEALTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANA UNIVERSITY HEALTH INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANA UNIVERSITY HEALTH INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANA UNIVERSITY HEALTH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDIANA UNIVERSITY HEALTH INC?
- The 990 for the year ended December 31, 2024 names DENNIS M MURPHY.
- Who are the officers and directors of INDIANA UNIVERSITY HEALTH INC?
- The 990 for the year ended December 31, 2024 lists 30 people; 26 received compensation from the organization, the highest $4,720,244 (DENNIS M MURPHY, DIRECTOR/PRESIDENT & CEO).
- How much revenue does INDIANA UNIVERSITY HEALTH INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,079,560,656, expenses of $5,349,167,108 and total assets of $12,792,763,812 at year end.
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