Indiana · Nonprofit
Indiana University Health Inc
Indiana University Health Inc (Indiana) receives grants from 41 organizations whose IRS filings report $4,870,457 to it, the largest being UNIVERSITY PHYSIATRICS ASSOCIATES INC ($1,811,432). 13 of them have funded it in more than one year.
- Revenue FY2024
- $6.1B
- Funders on record
- 41
- Grants received
- $4.9M
- Net assets
- $7.6B
What Indiana University Health Inc does
Mission
Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.
As stated on its FY2024 Form 990.
Programs
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…
$2,614,635,251 spentof which $76,055,009 as grants$2,887,628,578 earned by the program51% of program spendingLABORATORY 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.
$842,740,836 spent$930,731,169 earned by the program17% of program spendingMEMBER 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.
$567,940,839 spent$627,239,382 earned by the program11% of program spendingShared 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.
$526,305,817 spent$581,257,259 earned by the program10% of program spendingPHARMACY 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.
$493,962,684 spent$545,537,188 earned by the program10% of program spendingAll other programs, such as rent from related 501(c)(3) organizations, income from pass-through entities
$53,070,152 spent$58,611,192 earned by the program1% of program spending
The 6 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $5,098,655,579.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $9.9B to $11.7B (+17%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
1% of Indiana University Health Inc’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Dennis M Murphy
Director/president & CEO
Board chair
Thomas V Easterday
Board chair/director
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 9 funders, grant income rose $80k → $193k.
6 of 41 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $185M from 10 payers (the payer shares this organization's board, largest James Whitcomb Riley Memorial Association); $21M from one payer (an institutional transfer, not a grant programme, largest Indiana University Radiology Associates Inc). These are real filings, and they are not money Indiana University Health Inc raised.
From the IRS filings of Indiana University Health Inc’s funders (the co-funder graph). Top 30 of 41 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Indiana University Health Inc leans on a few funders — its largest provides 37% of grant income and the top three 68%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
95% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Indiana University Health Inc.
Largest funder’s share by year: 2017 50% · 2018 66% · 2019 66% · 2020 53% · 2021 28% · 2022 53% · 2023 53% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
12% of Indiana University Health Inc's funders are still giving 3 years after their first grant; 32% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
75% of Indiana University Health Inc's grant income comes from Indiana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $157k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Indiana University Health Inc runs a healthier operating margin than three-quarters of the 2,076 health nonprofits its size.
this organization peer median middle 50% of peers· 2,076 health nonprofits over $100M, FY2024
Government funding Indiana University Health Inc receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $27.2M on record — $27.2M federal, $144 state.
- Department of Health and Human Services$12.1M
- Department of Veterans Affairs$11.7M
- Department of Agriculture$1.5M
- Department of Justice$936k
- Department of Housing and Urban Development$845k
- REFUNDS - GENERAL $144
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Indiana University Health Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
95% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 56 related entities
- 1402 Capitol Partners LLC · disregarded
- 1234 Capitol Partners LLC · disregarded
- Cumberland Avenue Associates LLC · disregarded
- Senate Health Plans Solutions LLC · disregarded
- Indiana University Health Urgent Care Centers LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for Indiana University Health Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Indiana University Health Inc?
- Indiana University Health Inc (Indiana) receives grants from 41 organizations whose IRS filings report $4,870,457 to it, the largest being UNIVERSITY PHYSIATRICS ASSOCIATES INC ($1,811,432). 13 of them have funded it in more than one year.
- How many funders does Indiana University Health Inc have?
- IRS filings report 41 organizations giving $4,870,457 in grants to Indiana University Health Inc, 13 of which have funded it in more than one year.
- Who is the largest funder of Indiana University Health Inc?
- UNIVERSITY PHYSIATRICS ASSOCIATES INC is the largest funder on record, with $1,811,432 in grants. The full list of funders is on this page.
- How can an organization like Indiana University Health Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 41 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing