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Nonprofiteer
← INDIANA UNIVERSITY HEALTH BEDFORD INC

Form 990 for tax year 2023

Filed by INDIANA UNIVERSITY HEALTH BEDFORD INC.

Totals

Total revenue
$113,965,486
Total expenses
$90,346,883
Contributions and grants received
$218,335
Grants paid
$0
Program service revenue
$106,799,876
Investment income
$6,789,700
Other revenue
$157,575
Total assets, end of year
$171,412,440
Total liabilities, end of year
$14,406,831
Net assets or fund balances, end of year
$157,005,609
Program services expenses (Part IX)
$87,126,227
Management and general expenses
$3,220,656
Fundraising expenses
$0
Program service expenses (Part III)
$87,126,227

Program services were 96.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $11,174

  • 1e · Government grants (contributions)

    $207,141

  • 1f · All other contributions, gifts and grants

    $20

  • 2a · Program service revenue: Net Patient Service Revenue

    total $105,861,308 · related or exempt $105,861,308

  • 2b · Program service revenue: Shared Services

    total $123,486 · related or exempt $123,486

  • 2c · Program service revenue: Rent from Related 501(c)(3) Orgs.

    total $815,082 · related or exempt $815,082

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $6,651,425 · excluded $6,651,425

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,863,776

  • 7b · Less cost or other basis and sales expenses

    securities $1,725,501

  • 7c · Gain or loss

    securities $138,275 · other assets $0

  • 7d · Net gain or loss

    total $138,275 · excluded $138,275

  • 11a · Other revenue: All Other Revenue

    total $157,575 · excluded $157,575

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $157,575

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $25,543,732 · program services $24,682,418 · management and general $861,314

  • 8 · Pension plan contributions

    total $778,978 · program services $752,711 · management and general $26,267

  • 9 · Other employee benefits

    total $3,075,495 · program services $2,971,792 · management and general $103,703

  • 10 · Payroll taxes

    total $1,524,445 · program services $1,473,042 · management and general $51,403

  • 11d · Fees: lobbying

    total $3,741 · management and general $3,741

  • 11f · Fees: investment management

    total $6,914 · management and general $6,914

  • 11g · Fees: other

    total $23,107,586 · program services $21,556,378 · management and general $1,551,208 · fundraising $0

  • 12 · Advertising and promotion

    total $9,627 · management and general $9,627

  • 13 · Office expenses

    total $133,491 · program services $124,530 · management and general $8,961

  • 14 · Information technology

    total $139,860 · program services $69,930 · management and general $69,930

  • 16 · Occupancy

    total $3,064,083 · program services $3,064,083

  • 17 · Travel

    total $34,647 · program services $32,321 · management and general $2,326

  • 22 · Depreciation, depletion and amortization

    total $2,147,902 · program services $2,046,711 · management and general $101,191

  • 23 · Insurance

    total $386,739 · management and general $386,739

  • 24a · Other expenses: DRUGS AND MEDICAL SUPPLIES

    total $16,932,114 · program services $16,932,114

  • 24b · Other expenses: BAD DEBT

    total $7,130,025 · program services $7,130,025

  • 24c · Other expenses: HOSPITAL ASSESSMENT FEE

    total $5,844,284 · program services $5,844,284

  • 24d · Other expenses: TEACHING AIDS

    total $72,183 · program services $72,183

  • 24e · All other expenses

    total $411,037 · program services $373,705 · management and general $37,332 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $114,946,952 · end of year $139,182,409

  • 4 · Accounts receivable

    beginning of year $9,161,060 · end of year $10,162,612

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,230,697 · end of year $1,842,097

  • 9 · Prepaid expenses and deferred charges

    beginning of year $227,977 · end of year $198,445

  • 10a · Land, buildings and equipment: cost or other basis

    $44,715,237

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,327,140

  • 10c · Land, buildings and equipment, net

    beginning of year $16,525,186 · end of year $14,388,097

  • 11 · Investments: publicly traded securities

    beginning of year $5,196,938 · end of year $5,638,780

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,420,182 · end of year $5,694,717

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $6,907,024 · end of year $8,712,114

  • 27 · Net assets without donor restrictions

    beginning of year $132,885,416 · end of year $156,929,421

  • 28 · Net assets with donor restrictions

    beginning of year $76,188 · end of year $76,188

Mission and programs · 2023

Mission

Lead the transformation of healthcare through quality, innovation & education, and make Indiana one of the nation's healthiest states.

  • 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.

    Expenses $86,360,553 · Revenue $105,861,308

  • RENT FROM RELATED 501(C)(3) ORGS.

    Expenses $664,935 · Revenue $815,082

  • IU HEALTH BEDFORD RECEIVES "SHARED SERVICES" REVENUE BY SHARING/PROVIDING SERVICES WITH INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH"), INDIANA UNIVERSITY HEALTH Bloomington, INC. ("IU HEALTH Bloomington"), AND INDIANA UNIVERSITY HEALTH PAOLI, INC. ("IU HEALTH PAOLI").

    Expenses $100,739 · Revenue $123,486

As filed on the 2023 return.

Listed in Part VII

  • BRIAN T SHOCKNEY

    PRESIDENT (SCR) (Part Year)/SVP System Regional Operations

    Total calculated
    $1,247,272
    From this org
    $0
    From related orgs
    $1,036,225
    Other
    $211,047
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $721,623 related
    Bonus
    $0 + $270,916 related
    Other
    $0 + $43,686 related
    Deferred
    $0 + $145,015 related
    Nontaxable benefits
    $0 + $66,031 related
    Filer's total
    $0 + $1,247,272 related

  • JACK A KENWORTHY

    DIRECTOR/CHAIR

    Total calculated
    $7,500
    From this org
    $0
    From related orgs
    $7,500
    Other
    $0
    Hours/week
    2 + 4 related

  • JOHN SPARZO MD

    Director (Part Year)/President (Part Year)/VP-CMO (SCR)

    Total calculated
    $538,748
    From this org
    $0
    From related orgs
    $473,018
    Other
    $65,730
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $411,709 related
    Bonus
    $0 + $59,165 related
    Other
    $0 + $2,143 related
    Deferred
    $0 + $13,671 related
    Nontaxable benefits
    $0 + $52,059 related
    Filer's total
    $0 + $538,748 related

  • JOYCE B POLING

    DIRECTOR/SECRETARY

    Total calculated
    $3,000
    From this org
    $0
    From related orgs
    $3,000
    Other
    $0
    Hours/week
    2 + 4 related

  • JULIE MINTON

    DIRECTOR/Treasurer

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    2 + 4 related

  • RICHARD G HENDRICKSON

    DIRECTOR/Vice Chair

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    2 + 6 related

  • CORINNA REPETTO MD

    Director

    Total calculated
    $460,138
    From this org
    $0
    From related orgs
    $380,967
    Other
    $79,171
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $342,524 related
    Bonus
    $0 + $34,879 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $65,971 related
    Filer's total
    $0 + $460,138 related

  • DANIEL J PETERSON

    Director

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • HOJJAT M SHAMLOO MD

    DIRECTOR

    Total calculated
    $729,452
    From this org
    $0
    From related orgs
    $649,685
    Other
    $79,767
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $544,059 related
    Bonus
    $0 + $102,062 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $14,555 related
    Nontaxable benefits
    $0 + $65,211 related
    Filer's total
    $0 + $729,452 related

  • JAMES J LAUGHLIN MD

    DIRECTOR

    Total calculated
    $219,390
    From this org
    $0
    From related orgs
    $203,139
    Other
    $16,251
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,230 related
    Bonus
    $0 + $14,910 related
    Other
    $0
    Deferred
    $0 + $8,126 related
    Nontaxable benefits
    $0 + $8,126 related
    Filer's total
    $0 + $219,391 related

  • JAMES RIDGE MD

    DIRECTOR

    Total calculated
    $48,000
    From this org
    $0
    From related orgs
    $48,000
    Other
    $0
    Hours/week
    2 + 14 related

  • JANET FARLOW PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • KEVIN B GEBKE MD

    DIRECTOR

    Total calculated
    $797,550
    From this org
    $0
    From related orgs
    $653,475
    Other
    $144,075
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $576,771 related
    Bonus
    $0 + $73,353 related
    Other
    $0 + $3,351 related
    Deferred
    $0 + $114,073 related
    Nontaxable benefits
    $0 + $30,002 related
    Filer's total
    $0 + $797,550 related

  • LYNN H COYNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Mohan Shenoy MD

    Director

    Total calculated
    $864,193
    From this org
    $0
    From related orgs
    $794,400
    Other
    $69,793
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,917 related
    Bonus
    $0 + $256,519 related
    Other
    $0 + $20,964 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $56,593 related
    Filer's total
    $0 + $864,193 related

  • VANESSA MCCLARY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • MICHAEL L CRAIG

    VP & CFO (SCR)

    Total calculated
    $400,349
    From this org
    $0
    From related orgs
    $333,908
    Other
    $66,441
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,606 related
    Bonus
    $0 + $38,738 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $53,241 related
    Filer's total
    $0 + $400,348 related

  • ALAN W BIGGS

    VP & COO (SCR)

    Total calculated
    $367,712
    From this org
    $0
    From related orgs
    $314,970
    Other
    $52,742
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,239 related
    Bonus
    $0 + $36,409 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $12,686 related
    Nontaxable benefits
    $0 + $40,056 related
    Filer's total
    $0 + $367,712 related

  • Brechin Newby MD

    Chief Physician Executive (SCR)

    Total calculated
    $468,897
    From this org
    $0
    From related orgs
    $442,811
    Other
    $26,086
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,104 related
    Bonus
    $0 + $34,167 related
    Other
    $0 + $540 related
    Deferred
    $0 + $13,043 related
    Nontaxable benefits
    $0 + $13,043 related
    Filer's total
    $0 + $468,897 related

  • BRUCE R WADE

    VP - HUMAN RESOURCES (SCR)

    Total calculated
    $313,355
    From this org
    $0
    From related orgs
    $245,476
    Other
    $67,879
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,265 related
    Bonus
    $0 + $31,042 related
    Other
    $0 + $3,169 related
    Deferred
    $0 + $9,856 related
    Nontaxable benefits
    $0 + $58,023 related
    Filer's total
    $0 + $313,355 related

  • CYNTHIA R HERRINGTON

    VP & CNO (SCR)

    Total calculated
    $356,588
    From this org
    $0
    From related orgs
    $309,541
    Other
    $47,047
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,014 related
    Bonus
    $0 + $36,206 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $6,897 related
    Nontaxable benefits
    $0 + $40,150 related
    Filer's total
    $0 + $356,588 related

  • ALAN F SMITH MD

    CHIEF OF STAFF/PATHOLOGIST

    Total calculated
    $375,746
    From this org
    $318,782
    From related orgs
    $0
    Other
    $56,964
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $307,158
    Bonus
    $500
    Other
    $11,124
    Deferred
    $12,565
    Nontaxable benefits
    $44,400
    Filer's total
    $375,746

  • Amy A Little

    VP & CNO

    Total calculated
    $213,990
    From this org
    $195,931
    From related orgs
    $0
    Other
    $18,059
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,386
    Bonus
    $22,731
    Other
    $814
    Deferred
    $7,784
    Nontaxable benefits
    $10,275
    Filer's total
    $213,989

  • JULIE GRABER

    CLINICAL NURSE

    Total calculated
    $214,460
    From this org
    $171,070
    From related orgs
    $0
    Other
    $43,390
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,768
    Bonus
    $11,500
    Other
    $1,802
    Deferred
    $7,018
    Nontaxable benefits
    $36,372
    Filer's total
    $214,460

  • KIMBERLY D JACOBS

    CLINICAL NURSE

    Total calculated
    $226,129
    From this org
    $204,190
    From related orgs
    $0
    Other
    $21,939
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,177
    Bonus
    $10,180
    Other
    $5,832
    Deferred
    $7,195
    Nontaxable benefits
    $14,744
    Filer's total
    $226,129

  • LARRY R BAILEY

    COO

    Total calculated
    $356,265
    From this org
    $290,094
    From related orgs
    $0
    Other
    $66,171
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $251,745
    Bonus
    $34,785
    Other
    $3,564
    Deferred
    $11,825
    Nontaxable benefits
    $54,345
    Filer's total
    $356,264

  • PAUL M CALKINS MD

    FORMER KEY EMPLOYEE

    Total calculated
    $634,457
    From this org
    $0
    From related orgs
    $571,987
    Other
    $62,470
    Hours/week
    10 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,890 related
    Bonus
    $0 + $53,240 related
    Other
    $0 + $6,858 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $49,270 related
    Filer's total
    $0 + $634,457 related

  • WENDY S HERNANDEZ

    Former Key Employee

    Total calculated
    $345,654
    From this org
    $0
    From related orgs
    $284,478
    Other
    $61,176
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,496 related
    Bonus
    $0 + $27,660 related
    Other
    $0 + $2,322 related
    Deferred
    $0 + $9,432 related
    Nontaxable benefits
    $0 + $51,744 related
    Filer's total
    $0 + $345,654 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
IU Health Bedford's regional president is employed by IU Health, INC. IU HEALTH AND OTHER RELATED ORGANIZATIONS HAVE A PROCESS IN PLACE TO DETERMINE THE COMPENSATION FOR ITS OFFICERS AND KEY EMPLOYEES. IU HEALTH HUMAN RESOURCES USES MARKET DATA FROM MULTIPLE COMPENSATION EXPERTS/VENDORS WHO UTILIZE A VARIETY OF METHODS AND PROCEDURES TO OBTAIN COMPENSATION RANGES FOR COMPARABLE OFFICERS AND EMPLOYEE POSITIONS. THIS MARKET DATA AND MULTIPLE OTHER FACTORS (INCLUDING MARKET PAY BENCHMARKS, INTERNAL EQUITY, CANDIDATE/EMPLOYEE QUALIFICATIONS & PERFORMANCE, AND BUSINESS NEEDS) ARE USED TO RECOMMEND COMPENSATION RANGES FOR ITS OFFICERS AND OTHER EMPLOYEES, WHICH ARE THEN USED AS A GUIDE FOR SETTING REASONABLE COMPENSATION BY MANAGEMENT. PLEASE SEE SCHEDULE O FOR ADDITIONAL DETAILS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
BRIAN T. SHOCKNEY AND KEVIN GEBKE, M.D., PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, PROVISIONS OF WHICH ARE DESIGNED TO RETAIN THESE CRITICAL EMPLOYEES. THE PLAN PROVIDES FOR AN ADDITIONAL RETIREMENT BENEFIT FOR SERVICE THROUGH NORMAL RETIREMENT OR OTHER KEY DATES. IF THE EXECUTIVE LEAVES PRIOR TO RETIREMENT OR OTHER KEY DATES, THE BENEFIT MAY BE FORFEITED OR REDUCED. EACH OF THE EXECUTIVES LISTED ABOVE HAVE AN AMOUNT INCLUDED IN COLUMN C, DEFERRED COMPENSATION, REPRESENTING THE CURRENT YEAR UNVESTED CONTRIBUTIONS MADE UNDER THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THESE AMOUNTS WERE NOT PAID TO THE EXECUTIVES DURING THE YEAR. THE FOLLOWING EXECUTIVE HAS AN AMOUNT INCLUDED IN COLUMN B (III), OTHER REPORTABLE COMPENSATION, REPRESENTING THE CURRENT YEAR VESTED AMOUNTS RECEIVED UNDER THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: - BRIAN SHOCKNEY: $38,055
Schedule J, Part I, Line 7 Non-fixed payments
AMOUNTS DISCLOSED IN COLUMN B(II) INCLUDE A LONG TERM INCENTIVE FOR CERTAIN EXECUTIVES. ALTHOUGH THESE PLANS ARE BASED ON A FIXED FORMULA THAT HAS BEEN APPROVED BY THE BOARD OF DIRECTORS BASED UPON CERTAIN QUALITATIVE AND QUANTITATIVE FACTORS AND GOALS, ALL DISCRETIONARY INCENTIVE PLANS MUST BE APPROVED BY THE COMMITTEE ON PERSONNEL AND COMPENSATION AND BOARD OF DIRECTORS PRIOR TO ANY INCENTIVE PAYOUT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349306182

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