Iuhlp-p Liquidation Inc

Nonprofit profile at a glance

EIN
311070868
IRS 990 coverage
2011–2019
Forms available
Form 990 2019
Location
Indianapolis, IN, USA
Phone
3179634842
Rating confidence
Limited
Sector
Health Treatment Facilities, Primarily Outpatient

Reported finances

Revenue
$0
Expenses
$0
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ADAM M HORST (DIRECTOR/PRESIDENT)

Highest reported compensation

  • JENNIFER M ALVEY (DIRECTOR/TREASURER): $1,125,930 total reported compensation
  • ERIN R LEWIS (DIRECTOR/SECRETARY (PART YEAR)): $649,669 total reported compensation
  • ADAM M HORST (DIRECTOR/PRESIDENT): $499,305 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of iuhlp-p liquidation, inc. ("iuhlp-p") is to provide high quality medical care to the residents of la porte county and surrounding areas. Iuhlp-p complements iuhlp liquidation, inc. ("iuhlp") in providing integrated and community-based health care by encouraging and supporting healthier communities and lifestyles within our service area.

What it reported doing in 2019

Prior to March 1, 2016, IUHLP-P provided highly skilled and board certified/eligible physicians in cardiology, pediatric, family care, women's healthcare, orthopedic, and internal medicine in La Porte, Indiana and surrounding areas. On March 1, 2016, IUHLP-P sold the IU Health La Porte Physicians practice to La Porte Health System, LLC, a joint venture between Indiana University Health, Inc. and a subsidiary of Community Health Systems, Inc. Beginning on March 1, 2016, IUHLP-P began the process of closing its business which was completed in 2019.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 50
  • Accountability: 28
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 77.8%; rating input score 78; 1st percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -42.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -25.1% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -24.3% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1.1M · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 11 of 13 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2011 to 2019
  • Contacts: How to reach this organization
  • Related organizations: 67 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.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.