IU Health North Hospital
Legal name: Indiana University Health North Hospital Inc
Nonprofit profile at a glance
- EIN
- 351932442
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Carmel, IN, US
- Phone
- 317.688.2042
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health Treatment Facilities, Primarily Outpatient
Reported finances
- Revenue
- $523,963,393
- Expenses
- $369,176,169
- Assets
- $1,037,540,922
- Liabilities
- $20,269,909
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- KENNETH D PUCKETT (DIRECTOR / PRESIDENT (ISR))
Highest reported compensation
- KENNETH D PUCKETT (DIRECTOR / PRESIDENT (ISR)): $1,194,795 total reported compensation
- ARTHUR VASQUEZ (FORMER KEY EMPLOYEE): $1,018,917 total reported compensation
- HARPREETINDER SINGH MD (VP-CMO (ISR)): $557,491 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We're here to care for you and your family. IU Health North Hospital is a full-service hospital with an attached medical office building, so you can see your doctor, have a procedure and recover—all in one convenient location. Every room is private to give you the space and comfort you need. Our team is dedicated to providing expert care that’s built around you.
What it reported doing in 2024
IU Health North Hospital provides leading family-centered care to Carmel and Hamilton County residents. As a full-service hospital for adults and children with an attached medical office building, IU Health North Hospital brings together physician offices, inpatient beds and operating rooms in a state-of-the-art facility where compassionate caregivers provide superior patient treatment. All patient rooms are private to optimize comfort for each individual and their family, and our wealth of services for adults and children ranges from cardiovascular and orthopedic care to maternity and cancer care. In January 2020, the IU Health Joe & Shelly Schwarz Cancer Center, an 88,000 square foot, two-story facility, opened on the south side of the IU Health North campus. The $55-million investment brings together, all under one roof, cancer services including radiation oncology, hematology-oncology, pharmacy, laboratory and patient navigation to surround patients and their loved ones with the care and support they need. As part of our commitment to fostering the health of our communities, we are proud to also offer the peace of mind that comes with the service and support of Riley Hospital for Children at IU Health's nationally-recognized programs.
Operating model
- Revenue model
- Other-operating. 93% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
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.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.1%; rating input score 70
- Program expense ratio: 96.4%; rating input score 96
- Fundraising efficiency: Limited
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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 29.5%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 2.81; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 8.8% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 12.4% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 14.4% per year; rating input score 100; 85th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 70.1% of revenue deployed · 96.4% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $355.9M in reported program spending
- Leadership: top reported pay $1.2M · 27 people listed · 4 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 48 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.