Indiana University Health Foundation Inc

Nonprofit profile at a glance

EIN
356043086
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3179621777
Rating
85
Verdict
STRONG
Rating confidence
Standard
Sector
Single Organization Support

Reported finances

Revenue
$60,691,203
Expenses
$34,546,658
Assets
$387,304,485
Liabilities
$17,645,932

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • CRYSTAL H MILLER (PRESIDENT/SECRETARY)
  • HEATHER PERDUE (Vice President, Campaigns and Philanthropy)
  • JAMI MARSH (Vice President, Strategy and Philanthropy)
  • WENDY MEHRINGER (VICE PRESIDENT, OPERATIONS)

Highest reported compensation

  • DENNIS M MURPHY (DIRECTOR): $5,720,461 total reported compensation
  • MITESH SHAH MD (Director): $1,296,182 total reported compensation
  • CRYSTAL H MILLER (PRESIDENT/SECRETARY): $760,138 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Indiana university health foundation leverages the power of philanthropy to support the iu health goal of making Indiana one of the healthiest states in the nation.

What it reported doing in 2024

As a supporting organization for iu health inc. And its affiliated organizations, the Indiana university health foundation, inc. Provided over $33 million in funding to iu health inc. And its affiliated organizations for important community health initiatives during 2024.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 75
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.9%; rating input score 75
  • Program expense ratio: 97.5%; rating input score 98
  • Fundraising efficiency: $99.82 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 73.3%; rating input score 73; 23rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 43.1%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 11.21; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 10.7% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 9.4% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 74.9% of revenue deployed · 97.5% of spending went to programs
  • Governance: 11 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $33.7M in reported program spending
  • Leadership: top reported pay $5.7M · 20 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 61 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 23/100.