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Nonprofiteer
← INDIANA REGIONAL MEDICAL CENTER

Form 990 for tax year 2022

Filed by INDIANA REGIONAL MEDICAL CENTER.

Totals

Total revenue
$217,990,534
Total expenses
$202,771,331
Contributions and grants received
$8,717,956
Grants paid
$0
Program service revenue
$198,591,030
Investment income
$4,382,506
Other revenue
$6,299,042
Total assets, end of year
$256,016,534
Total liabilities, end of year
$116,089,369
Net assets or fund balances, end of year
$139,927,165
Program services expenses (Part IX)
$161,886,245
Management and general expenses
$40,885,086
Fundraising expenses
$0
Program service expenses (Part III)
$161,886,245

Program services were 79.8% 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.

  • 1e · Government grants (contributions)

    $6,697,198

  • 1f · All other contributions, gifts and grants

    $2,020,758

  • 2a · Program service revenue: NET PATIENT SVC REV

    total $198,451,919 · related or exempt $198,451,919

  • 2b · Program service revenue: HEALTH CLASSES/COUNSEL

    total $86,064 · related or exempt $86,064

  • 2c · Program service revenue: RENTAL REVENUE-AFFILIATES

    total $40,942 · related or exempt $40,942

  • 2d · Program service revenue: HOSPICE PRESCRIPTIONS

    total $12,105 · related or exempt $12,105

  • 3 · Investment income

    total $2,906,833 · excluded $2,906,833

  • 5 · Royalties

    total $7,988 · excluded $7,988

  • 6a · Gross rents

    real property $2,693,963

  • 6b · Less rental expenses

    real property $792,663

  • 6c · Rental income or loss

    real property $1,901,300

  • 6d · Net rental income or loss

    total $1,901,300 · excluded $1,901,300

  • 7a · Gross sales of assets other than inventory

    securities $1,560,962

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

    securities $0 · other assets $85,289

  • 7c · Gain or loss

    securities $1,560,962 · other assets -$85,289

  • 7d · Net gain or loss

    total $1,475,673 · excluded $1,475,673

  • 11a · Other revenue: CAFETERIA REV

    total $768,556 · excluded $768,556

  • 11b · Other revenue: CHART REVENUE

    total $754,293 · excluded $754,293

  • 11c · Other revenue: MANAGEMENT FEES

    total $624,351 · excluded $624,351

  • 11d · All other revenue

    total $2,242,554 · unrelated business $382,748 · excluded $1,859,806

  • 11e · Other revenue, total

    $4,389,754

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,905,868 · management and general $2,905,868

  • 7 · Other salaries and wages

    total $65,389,059 · program services $54,411,689 · management and general $10,977,370

  • 8 · Pension plan contributions

    total $4,130,646 · program services $3,302,038 · management and general $828,608

  • 9 · Other employee benefits

    total $12,851,658 · program services $10,456,891 · management and general $2,394,767

  • 10 · Payroll taxes

    total $4,128,088 · program services $3,299,994 · management and general $828,094

  • 11a · Fees: management

    total $450,280 · management and general $450,280

  • 11b · Fees: legal

    total $402,397 · management and general $402,397

  • 11c · Fees: accounting

    total $314,382 · management and general $314,382

  • 11d · Fees: lobbying

    total $108,828 · management and general $108,828

  • 11f · Fees: investment management

    total $273,411 · management and general $273,411

  • 11g · Fees: other

    total $29,495,922 · program services $23,735,368 · management and general $5,760,554

  • 12 · Advertising and promotion

    total $800,752 · program services $31,149 · management and general $769,603

  • 13 · Office expenses

    total $1,923,498 · program services $1,886,182 · management and general $37,316

  • 14 · Information technology

    total $4,711,246 · program services $1,697,933 · management and general $3,013,313

  • 16 · Occupancy

    total $946,438 · program services $695,253 · management and general $251,185

  • 17 · Travel

    total $445,552 · program services $246,836 · management and general $198,716

  • 19 · Conferences, conventions and meetings

    total $21,131 · program services $21,131

  • 20 · Interest

    total $2,305,489 · program services $2,305,489

  • 22 · Depreciation, depletion and amortization

    total $11,586,397 · program services $10,070,896 · management and general $1,515,501

  • 23 · Insurance

    total $2,656,061 · program services $2,123,255 · management and general $532,806

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $44,778,046 · program services $43,909,352 · management and general $868,694

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $7,556,208 · management and general $7,556,208

  • 24c · Other expenses: CLEANING SVCS & SUPPLIE

    total $1,429,684 · program services $1,142,889 · management and general $286,795

  • 24d · Other expenses: DIETARY/FOOD

    total $1,012,626 · program services $809,493 · management and general $203,133

  • 24e · All other expenses

    total $2,147,664 · program services $1,740,407 · management and general $407,257

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,259 · end of year $7,308

  • 2 · Savings and temporary cash investments

    beginning of year $14,185,735 · end of year $2,808,230

  • 4 · Accounts receivable

    beginning of year $18,802,310 · end of year $24,271,534

  • 8 · Inventories for sale or use

    beginning of year $3,168,324 · end of year $3,136,769

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,968,905 · end of year $1,709,339

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

    $227,970,224

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

    $126,477,180

  • 10c · Land, buildings and equipment, net

    beginning of year $105,088,547 · end of year $101,493,044

  • 11 · Investments: publicly traded securities

    beginning of year $89,831,542 · end of year $91,889,776

  • 12 · Investments: other securities

    beginning of year $15,027,284 · end of year $17,803,094

  • 14 · Intangible assets

    beginning of year $194,770 · end of year $166,945

  • 15 · Other assets

    beginning of year $30,761,431 · end of year $12,730,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,608,459 · end of year $23,973,258

  • 19 · Deferred revenue

    beginning of year $5,171,329

  • 20 · Tax-exempt bond liabilities

    beginning of year $32,069,404 · end of year $31,054,253

  • 23 · Secured mortgages and notes payable

    beginning of year $18,633,723 · end of year $17,870,585

  • 25 · Other liabilities

    beginning of year $48,780,739 · end of year $43,191,273

  • 27 · Net assets without donor restrictions

    beginning of year $137,321,182 · end of year $130,656,719

  • 28 · Net assets with donor restrictions

    beginning of year $7,451,271 · end of year $9,270,446

Mission and programs · 2022

Mission

THE MISSION OF INDIANA REGIONAL MEDICAL CENTER IS TO SERVE THE HEALTHCARE NEEDS OF EVERY LIFE WE TOUCH WITH COMPASSION, RESPECT, AND DIGNITY.

Activities or mission (Part I)

TO SERVE THE HEALTHCARE NEEDS OF EVERY LIFE WE TOUCH WITH COMPASSION, RESPECT, AND DIGNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $161,886,245 · Revenue $198,591,030

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • NATHAN KOVALCHICK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • T MICHAEL PRICE

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRANK ROBERTS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BECKY STAPLETON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN A WOLFE

    PRESIDENT & CEO

    Total calculated
    $844,704
    From this org
    $802,111
    From related orgs
    $0
    Other
    $42,593
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $607,396
    Bonus
    $93,339
    Other
    $101,376
    Deferred
    $23,994
    Nontaxable benefits
    $18,599
    Filer's total
    $844,704

  • TODD BRICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HILLARY CREELY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RUSSELL A DROZDIAK MD

    BOARD MEMBER

    Total calculated
    $162,992
    From this org
    $159,630
    From related orgs
    $0
    Other
    $3,362
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $159,611
    Bonus
    $0
    Other
    $19
    Deferred
    $2,325
    Nontaxable benefits
    $1,037
    Filer's total
    $162,992

  • MATTHEW N KLAIN MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LAURIE A KUZNESKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINA B LUBOLD MD

    BOARD MEMBER

    Total calculated
    $37,920
    From this org
    $37,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JAMES R MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TIMOTHY CLARK SIMPSON MD

    BOARD MEMBER

    Total calculated
    $517,355
    From this org
    $0
    From related orgs
    $497,409
    Other
    $19,946
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $464,480 related
    Bonus
    $0 + $12,429 related
    Other
    $0 + $20,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,946 related
    Filer's total
    $0 + $517,355 related

  • ROBERT A GONGAWARE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $358,146
    From this org
    $323,825
    From related orgs
    $0
    Other
    $34,321
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $297,705
    Bonus
    $26,120
    Other
    $0
    Deferred
    $21,386
    Nontaxable benefits
    $12,935
    Filer's total
    $358,146

  • RICHARD NEFF MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $426,217
    From this org
    $397,918
    From related orgs
    $0
    Other
    $28,299
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $359,873
    Bonus
    $38,045
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $19,149
    Filer's total
    $426,217

  • BRETT BRAUN

    CHIEF OPERATING OFFICER

    Total calculated
    $249,916
    From this org
    $220,307
    From related orgs
    $0
    Other
    $29,609
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $199,570
    Bonus
    $20,737
    Other
    $0
    Deferred
    $10,893
    Nontaxable benefits
    $18,716
    Filer's total
    $249,916

  • WENDY HAISLIP

    CHIEF NURSING OFFICER

    Total calculated
    $251,563
    From this org
    $227,299
    From related orgs
    $0
    Other
    $24,264
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $204,559
    Bonus
    $22,740
    Other
    $0
    Deferred
    $6,453
    Nontaxable benefits
    $17,811
    Filer's total
    $251,563

  • JAMES KINNEER

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $261,866
    From this org
    $227,352
    From related orgs
    $0
    Other
    $34,514
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $206,778
    Bonus
    $20,574
    Other
    $0
    Deferred
    $15,365
    Nontaxable benefits
    $19,149
    Filer's total
    $261,866

  • MARK VOLOVIC

    CHIEF INFORMATION OFFICER

    Total calculated
    $312,544
    From this org
    $280,240
    From related orgs
    $0
    Other
    $32,304
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $254,522
    Bonus
    $25,718
    Other
    $0
    Deferred
    $13,155
    Nontaxable benefits
    $19,149
    Filer's total
    $312,544

  • ADENIRAN HAASTRUP MD

    PHYSICIAN

    Total calculated
    $581,627
    From this org
    $559,271
    From related orgs
    $0
    Other
    $22,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $480,771
    Bonus
    $78,500
    Other
    $0
    Deferred
    $3,956
    Nontaxable benefits
    $18,400
    Filer's total
    $581,627

  • TOLUTOPE OZAH MD

    PHYSICIAN

    Total calculated
    $514,576
    From this org
    $492,728
    From related orgs
    $0
    Other
    $21,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $473,728
    Bonus
    $19,000
    Other
    $0
    Deferred
    $3,782
    Nontaxable benefits
    $18,066
    Filer's total
    $514,576

  • PATRICK SHANNON DO

    PHYSICIAN

    Total calculated
    $458,447
    From this org
    $430,726
    From related orgs
    $0
    Other
    $27,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,784
    Bonus
    $0
    Other
    $134,942
    Deferred
    $8,572
    Nontaxable benefits
    $19,149
    Filer's total
    $458,447

  • BENJAMIN L PARK DO

    PHYSICIAN

    Total calculated
    $501,881
    From this org
    $483,874
    From related orgs
    $0
    Other
    $18,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $462,874
    Bonus
    $21,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,007
    Filer's total
    $501,881

  • KYUNG PARK MD

    PHYSICIAN

    Total calculated
    $347,969
    From this org
    $336,451
    From related orgs
    $0
    Other
    $11,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,946
    Bonus
    $31,505
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,518
    Filer's total
    $347,969

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
INDIANA REGIONAL MEDICAL CENTER PAYS COUNTRY CLUB MEMBERSHIP DUES FOR THE PRESIDENT & CEO, WHICH IS NOT INCLUDED IN HIS COMPENSATION. THE MEMBERSHIP IS A CORPORATE MEMBERSHIP USED FOR BUSINESS PURPOSES ONLY.
PART I, LINE 4B
INDIANA REGIONAL MEDICAL CENTER HAS A SUPPLEMENTAL, NONQUALIFIED RETIREMENT PLAN UNDER IRC SECTION 457(F) FOR PRESIDENT & CEO, STEPHEN A. WOLFE. NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $90,000 DURING CALENDAR YEAR 2022. INDIANA HEALTHCARE PHYSICIAN SERVICES HAS A 457(F) PLAN AVAILABLE FOR THEIR PHYSICIANS. FOLLOWING PHYSICIANS WERE MEMBERS OF THE PLAN DURING THE CALENDAR YEAR 2022: - DR. PATRICK SHANNON: NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $20,000.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202411349349307656

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