Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $98,844

• 1e · Government grants (contributions)

  $273,792

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

  total $95,784,573 · related or exempt $95,784,573

• 2b · Program service revenue: Shared Services

  total $116,557 · related or exempt $116,557

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

  total $803,962 · related or exempt $803,962

• 2f · All other program service revenue

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

• 3 · Investment income

  total $998,133 · excluded $998,133

• 6a · Gross rents

  real property $28,392

• 6c · Rental income or loss

  real property $28,392 · personal property $0

• 6d · Net rental income or loss

  total $28,392 · excluded $28,392

• 7a · Gross sales of assets other than inventory

  securities $1,178,490

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

  securities $1,276,471

• 7c · Gain or loss

  securities -$97,981 · other assets $0

• 7d · Net gain or loss

  total -$97,981 · excluded -$97,981

• 11d · All other revenue

  total $38,473 · related or exempt $0 · unrelated business $0 · excluded $38,473

• 11e · Other revenue, total

  $38,473

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $26,704,870 · program services $25,886,030 · management and general $818,840

• 8 · Pension plan contributions

  total $921,713 · program services $893,451 · management and general $28,262

• 9 · Other employee benefits

  total $2,801,382 · program services $2,715,484 · management and general $85,898

• 10 · Payroll taxes

  total $1,766,767 · program services $1,712,593 · management and general $54,174

• 11d · Fees: lobbying

  total $3,365 · management and general $3,365

• 11f · Fees: investment management

  total $9,762 · management and general $9,762

• 11g · Fees: other

  total $20,723,506 · program services $19,407,372 · management and general $1,316,134 · fundraising $0

• 12 · Advertising and promotion

  total $14,334 · management and general $14,334

• 14 · Information technology

  total $32,518 · program services $16,259 · management and general $16,259

• 16 · Occupancy

  total $3,174,820 · program services $3,174,820

• 17 · Travel

  total $15,802 · program services $14,798 · management and general $1,004

• 19 · Conferences, conventions and meetings

  total $1,915 · program services $1,793 · management and general $122

• 22 · Depreciation, depletion and amortization

  total $2,014,872 · program services $1,903,229 · management and general $111,643

• 23 · Insurance

  total $373,435 · management and general $373,435

• 24a · Other expenses: DRUGS AND MEDICAL SUPPLIES

  total $16,233,336 · program services $16,233,336

• 24b · Other expenses: BAD DEBT

  total $2,410,817 · program services $2,410,817

• 24c · Other expenses: HOSPITAL ASSESSMENT FEE

  total $4,657,188 · program services $4,657,188

• 24d · Other expenses: TEACHING AIDS

  total $51,212 · program services $51,212

• 24e · All other expenses

  total $663,793 · program services $621,636 · management and general $42,157 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $99,499,416 · end of year $114,946,952

• 4 · Accounts receivable

  beginning of year $11,107,710 · end of year $9,161,060

• 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 $2,081,468 · end of year $2,230,697

• 9 · Prepaid expenses and deferred charges

  beginning of year $211,115 · end of year $227,977

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

  $45,070,559

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

  $28,545,373

• 10c · Land, buildings and equipment, net

  beginning of year $14,875,596 · end of year $16,525,186

• 11 · Investments: publicly traded securities

  beginning of year $5,775,657 · end of year $5,196,939

• 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 $4,314,274 · end of year $8,420,182

• 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 $201,905 · end of year $0

• 25 · Other liabilities

  beginning of year $11,008,077 · end of year $6,907,025

• 27 · Net assets without donor restrictions

  beginning of year $117,950,518 · end of year $132,885,416

• 28 · Net assets with donor restrictions

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

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 4a Severance or change-of-control payment

Blake Dye entered into a severance agreement with IU Health, Inc. Severance of $284,138 that was received during 2022 is included in column B(III), other reportable compensation. Bradford Dykes entered into a severance agreement with IU Health Bedford, Inc. Severance of $182,376 that was received during 2022 is included in column B(III), other reportable compensation.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

BRIAN T. SHOCKNEY, Kevin Gebke, and Blake A. Dye 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. BRIAN T. SHOCKNEY and KEVIN GEBKE HAVE AN AMOUNT INCLUDED IN COLUMN C, DEFERRED COMPENSATION, REPRESENTING THE CURRENT YEAR UNVESTED CONTRIBUTIONS MADE UNDER THE SUPPLEMENTAL RETIREMENT PLAN. NO AMOUNTS WERE ACTUALLY PAID TO THIS EXECUTIVE 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: - BLAKE DYE: $55,819

Schedule J, Part I, Line 7 Non-fixed payments

AMOUNTS DISCLOSED IN COLUMN B(II) INCLUDE A LONG TERM AND SHORT-TERM INCENTIVE FOR CERTAIN EXECUTIVES AND SHORT-TERM INCENTIVE FOR OTHER EMPLOYEES. 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.

Related partnerships

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

• BALL OUTPATIENT SUR CTR LLC

  HEALTHCARE · IN

  Directly controlled by NA

• BELTWAY SURGERY CENTERS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• BOSC HOLDINGS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• BSC HOLDINGS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• IEC HOLDINGS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• INDIANA ENDOSCOPY CENTERS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• ROC SURGERY LLC

  HEALTHCARE · IN

  Directly controlled by NA

• ROCS HOLDINGS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• SENATE ST SURGERY CENTER LLC

  HEALTHCARE · IN

  Directly controlled by NA

• SSSC HOLDINGS LLC

  HEALTHCARE · IN

  Directly controlled by NA

• HEALTH VENTURE MANAGEMENT LLC

  MANAGEMENT · IN

  Directly controlled by NA

• IU Health Southwest Fort Wayne Ambulatory Surgery Center LLC

  Healthcare · IN

  Directly controlled by NA

• IU Health Fort Wayne SW ASC Holdings LLC

  Healthcare · IN

  Directly controlled by NA

Related corporations and trusts

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

• BMH MEDICAL PAVILION ASSOCIATION INC

  C Corporation · CONDO MANAGEMENT · IN · controlled entity

  Directly controlled by NA

• IU HEALTH 457(B) PLAN

  Trust · INVESTMENTS · IN · controlled entity

  Directly controlled by NA

• IU HEALTH ACO INC

  C Corporation · HEALTHCARE · IN · controlled entity

  Directly controlled by NA

• IU HEALTH BOARD DESIGNATED TRUST

  Trust · INVESTMENTS · IN · controlled entity

  Directly controlled by NA

• IU HEALTH PLANS INC

  C Corporation · HMO · IN · controlled entity

  Directly controlled by NA

• IU HEALTH RISK PURCHASING GROUP INC

  C Corporation · INSURANCE · IN · controlled entity

  Directly controlled by NA

• IU HEALTH RISK RETENTION GROUP INC

  C Corporation · INSURANCE · SC · controlled entity

  Directly controlled by NA

• IUH ASSURANCE SPC LTD

  C Corporation · INSURANCE · CJ · controlled entity

  Directly controlled by NA

• PROTEUO FUND LP

  C Corporation · INVESTMENTS · CJ · controlled entity

  Directly controlled by NA

• CERBERUS RESIDENTIAL OPPORT INST LTD

  C Corporation · INVESTMENTS · CJ · controlled entity

  Directly controlled by NA

• University Surgeons Inc

  C Corporation · Physician Services · IN · controlled entity

  Directly controlled by NA

• Pediatric Surgical Associates Inc

  C Corporation · Physician Services · IN · controlled entity

  Directly controlled by NA

• Cardiothoracic Surgeons Inc

  C Corporation · Physician Services · IN · controlled entity

  Directly controlled by NA

• University Vascular Surgery Inc

  C Corporation · Physician Services · IN · controlled entity

  Directly controlled by NA