Indiana University Health Frankfort Inc
- Assets
- $36.8m
- Revenue
- $30.7m
- Investments
- $0.0
- Employees
- 184
- Location
- Indianapolis, IN
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-5174295
Organization Overview
Indiana University Health Frankfort Inc is located in Indianapolis, IN. The organization was established in 2017. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Indiana University Health Frankfort Inc employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana University Health Frankfort 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 12/2022, Indiana University Health Frankfort Inc generated $30.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.2% each year . All expenses for the organization totaled $29.8m during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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:
Part 3 - Line 4a
INDIANA UNIVERSITY HEALTH FRANKFORT, INC. (IU HEALTH FRANKFORT HOSPITAL), LOCATED IN FRANKFORT, INDIANA, OPENED A NEW, REPLACEMENT HOSPITAL IN 2020. THE NEW PATIENT-EXPERIENCE-CENTERED HOSPITAL IS A SINGLE-STORY FACILITY THAT IS APPROXIMATELY 48,000 SQUARE -FEET. IU HEALTH FRANKFORT HOSPITAL OFFERS A COMPREHENSIVE RANGE OF HEALTHCARE SERVICES THAT INCLUDES 24-HOUR EMERGENCY CARE, LABORATORY AND IMAGING SERVICES, SURGICAL SUITES, PHYSICAL AND OCCUPATIONAL THERAPY, AS WELL AS PRENATAL, CARDIOVASCULAR, AND PULMONARY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/chair (part Year) | OfficerTrustee | 2 | $0 |
Name Not Listed Director/chair (part Year) | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director (part Year) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tx Team Rehab Inc Healthcare | 12/30/20 | $652,373 |
Alteon Health Llc Medical | 12/30/20 | $2,416,132 |
Cdi Flooring Inc Construction | 12/30/20 | $504,955 |
Trimedx Llc Clinical Engineering | 12/30/20 | $441,616 |
Hunt Construction Group Construction | 12/30/20 | $17,707,711 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $169,765 |
| Government grants | $41,522 |
| 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 | $211,287 |
| Total Program Service Revenue | $30,635,292 |
| Investment income | -$107,909 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,741,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,984 |
| 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 | $9,123,947 |
| Pension plan accruals and contributions | $267,137 |
| Other employee benefits | $1,045,304 |
| Payroll taxes | $546,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $1,296 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,441,414 |
| Advertising and promotion | $0 |
| Office expenses | $10,215 |
| Information technology | $36,352 |
| Royalties | $0 |
| Occupancy | $483,552 |
| Travel | $12,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,763 |
| Interest | $1,527,527 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,937,367 |
| Insurance | $123,742 |
| All other expenses | $730,946 |
| Total functional expenses | $29,752,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,306,661 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $369,635 |
| Prepaid expenses and deferred charges | $58,467 |
| Net Land, buildings, and equipment | $30,016,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,751,477 |
| Accounts payable and accrued expenses | $2,808,096 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,269,802 |
| Total liabilities | $42,077,898 |
| Net assets without donor restrictions | -$5,326,421 |
| Net assets with donor restrictions | $0 |
| 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 | $36,751,477 |