Indiana University Health Bedford Inc
- Assets
- $133.6m
- Revenue
- $103.0m
- Investments
- $0.0
- Employees
- 421
- Location
- Indianapolis, IN
- Founding
- 05/1969
- Data as of
- 12/2021
- EIN
- 23-7042323
Organization Overview
Indiana University Health Bedford Inc is located in Indianapolis, IN. The organization was established in 1969. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Indiana University Health Bedford Inc employed 421 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Health Bedford Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Indiana University Health Bedford Inc generated $103.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $73.7m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEAD THE TRANSFORMATION OF HEALTHCARE THROUGH QUALITY, INNOVATION & EDUCATION, AND MAKE INDIANA ONE OF THE NATION'S HEALTHIEST STATES.
Describe the Organization's Program Activity:
IU HEALTH BEDFORD HOSPITAL IS A MODERN, JOINT COMMISSION APPROVED RURAL HEALTH CARE FACILITY WHICH OFFERS UP-TO-DATE TECHNOLOGY AND MEDICAL PRACTICES. IT ALSO EMPLOYS A PHYSICIAN GROUP PRACTICE, IU HEALTH SOUTHERN INDIANA PHYSICIANS, WHICH IS A MULTI-SPECIALTY PRACTICE PROVIDING MEDICAL SERVICES IN INTERNAL MEDICINE, FAMILY PRACTICE, GENERAL SURGERY, ORTHOPEDICS, OBSTETRICS AND GYNECOLOGY, AND PEDIATRICS. NURSE PRACTITIONERS IN ADULT AND PEDIATRIC PRIMARY CARE HAVE BEEN ADDED TO EXPAND MEDICAL CARE.
AS OF DECEMBER 31, 2021, INDIANA UNIVERSITY HEALTH BEDFORD HOSPITAL HAD RECEIVED STIMULUS FUNDS FROM THE PROVIDER RELIEF FUND UNDER THE PROVISIONS OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT) AND PAYCHECK PROTECTION PROGRAM AND HEALTH CARE ENHANCEMENT ACT. INDIANA UNIVERSITY HEALTH BEDFORD HOSPITAL RECOGNIZED $8,534,567 AS OTHER PROGRAM SERVICE REVENUE. INDIANA UNIVERSITY HEALTH BEDFORD HOSPITAL WILL CONTINUE TO MONITOR COMPLIANCE WITH THE TERMS AND CONDITIONS OF THE PROVIDER RELIEF FUND.
IU HEALTH BEDFORD RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH"), INDIANA UNIVERSITY HEALTH CARE ASSOCIATES, INC. ("IU HEALTH PHYSICIANS"), INDIANA UNIVERSITY HEALTH BLOOMINGTON, INC. ("IU HEALTH BLOOMINGTON"), AND INDIANA UNIVERSITY HEALTH PAOLI, INC. ("IU HEALTH PAOLI").
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Key Employee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Hosp Svcs Llc Laundry | 12/30/20 | $140,549 |
Integra Imaging Partners Medical | 12/30/20 | $125,877 |
Hayes Locums Staffing | 12/30/20 | $305,564 |
M Lower Pa Medical | 12/30/20 | $273,891 |
Hfi Mechanical Contractors Hvac | 12/30/20 | $206,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $105,764 |
| Government grants | $332,526 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,290 |
| Total Program Service Revenue | $102,186,982 |
| Investment income | $49,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,392 |
| Net Gain/Loss on Asset Sales | $200,652 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,970,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,749,519 |
| Pension plan accruals and contributions | $815,924 |
| Other employee benefits | $2,883,674 |
| Payroll taxes | $1,559,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,184 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,371 |
| Fees for services: Other | $18,296,869 |
| Advertising and promotion | $26,077 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,363,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,771,551 |
| Insurance | $318,022 |
| All other expenses | $509,477 |
| Total functional expenses | $73,708,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $99,499,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,107,710 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,081,468 |
| Prepaid expenses and deferred charges | $211,115 |
| Net Land, buildings, and equipment | $14,875,596 |
| Investments—publicly traded securities | $5,775,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $133,550,962 |
| Accounts payable and accrued expenses | $4,314,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $201,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,008,077 |
| Total liabilities | $15,524,256 |
| Net assets without donor restrictions | $117,950,518 |
| Net assets with donor restrictions | $76,188 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $133,550,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana University Health Bedford Inc has recieved totaling $7,054.
| Awarding Organization | Amount |
|---|---|
Indiana University Health Foundation Inc Indianapolis, IN PURPOSE: Hospital Programs Support | $7,054 |
Endowment Analysis
| Beg. Balance | $76,188 |
| Ending Balance | $76,188 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Genesis Health System Silvis, IL | $149,319,694 | $93,824,215 |
Saint Thomas Regional Hospitals St Louis, MO | $62,019,572 | $112,890,582 |
Childrens Medical Group Inc Milwaukee, WI | $31,763,307 | $95,855,814 |
Carle West Physician Group Inc Urbana, IL | $7,904,406 | $40,693,056 |
Wheaton Franciscan Healthcare-Franklin Inc Franklin, WI | $0 | $93,223,404 |
Oconto Hospital & Medical Center Inc Oconto, WI | $60,351,775 | $89,949,805 |
Healthnet Inc Indianapolis, IN | $38,369,319 | $82,635,929 |
Flaget Healthcare Inc Bardstown, KY | $173,311,439 | $79,013,923 |
Indiana University Health Bedford Inc Indianapolis, IN | $133,550,962 | $102,970,071 |
Tomah Memorial Hospital Inc Tomah, WI | $122,784,056 | $81,760,815 |
Washington University Physicians In Illinois Inc O Fallon, IL | $16,495,252 | $58,633,483 |
Community Hospital Of Noble County Inc Kendallville, IN | $52,459,659 | $70,856,257 |