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Nonprofiteer
← INDIANA UNIVERSITY HEALTH PLANS NFP INC

Form 990 for tax year 2023

Filed by INDIANA UNIVERSITY HEALTH PLANS NFP INC.

Totals

Total revenue
$200,977,771
Total expenses
$207,934,883
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$198,291,364
Investment income
$2,686,407
Other revenue
$0
Total assets, end of year
$65,679,321
Total liabilities, end of year
$36,745,968
Net assets or fund balances, end of year
$28,933,353
Program services expenses (Part IX)
$200,663,311
Management and general expenses
$7,271,572
Fundraising expenses
$0
Program service expenses (Part III)
$200,663,311

Program services were 96.5% 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.

  • 2a · Program service revenue: MEDICARE MEMBER SERVICE REVENUE

    total $198,291,364 · related or exempt $198,291,364

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $2,686,407 · excluded $2,686,407

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $453,424,000

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

    securities $453,424,000

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,202,647 · program services $6,012,458 · management and general $190,189

  • 8 · Pension plan contributions

    total $230,320 · program services $223,258 · management and general $7,062

  • 9 · Other employee benefits

    total $708,703 · program services $686,972 · management and general $21,731

  • 10 · Payroll taxes

    total $450,541 · program services $436,726 · management and general $13,815

  • 11b · Fees: legal

    total $28,240 · program services $14,120 · management and general $14,120

  • 11f · Fees: investment management

    total $1,012 · management and general $1,012

  • 11g · Fees: other

    total $12,929,674 · program services $12,108,520 · management and general $821,154 · fundraising $0

  • 12 · Advertising and promotion

    total $6,066,464 · management and general $6,066,464

  • 13 · Office expenses

    total $497,816 · program services $466,200 · management and general $31,616

  • 14 · Information technology

    total $167,232 · program services $83,616 · management and general $83,616

  • 16 · Occupancy

    total $76,555 · program services $76,555

  • 17 · Travel

    total $8,894 · program services $8,329 · management and general $565

  • 19 · Conferences, conventions and meetings

    total $13,975 · program services $13,087 · management and general $888

  • 23 · Insurance

    total $13,310 · management and general $13,310

  • 24a · Other expenses: Health Claims Paid to Providers

    total $180,431,056 · program services $180,431,056

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $94,949 · program services $88,919 · management and general $6,030

  • 24c · Other expenses: Drugs and Medical Supplies

    total $13,495 · program services $13,495

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $42,950,394 · end of year $49,331,441

  • 4 · Accounts receivable

    beginning of year $8,323,542 · end of year $15,367,224

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $517,735 · end of year $494,409

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $502,547 · end of year $486,247

  • 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 $11,554,962 · end of year $17,815,492

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $16,850,661 · end of year $18,930,476

  • 27 · Net assets without donor restrictions

    beginning of year $23,888,595 · end of year $28,933,353

Mission and programs · 2023

Mission

AN INDIANA MEDICARE ADVANTAGE PLAN THAT IS PASSIONATE ABOUT HELPING OUR MEMBERS ACHIEVE THE WELLBEING THEY DESIRE BY IMPROVING THE WAY THEY EXPERIENCE HEALTH CARE.

  • INDIANA UNIVERSITY HEALTH PLANS NFP, INC. ("IU HEALTH PLANS NFP") OPERATES AS A HEALTH MAINTENANCE ORGANIZATION ("HMO") THAT HOLDS A CONTRACT WITH THE FEDERAL CENTERS FOR MEDICAID AND MEDICARE SERVICES, A DIVISION OF THE FEDERAL DEPARTMENT OF HEALTH AND HUMAN SERVICES, TO BE A MEDICARE ADVANTAGE ORGANIZATION. MEDICARE ADVANTAGE ORGANIZATIONS ARE REQUIRED TO PROVIDE ADEQUATE ACCESS TO COMPREHENSIVE HEALTH CARE SERVICES FOR MEDICARE BENEFICIARIES THROUGH A CONTRACTED NETWORK OF HEALTH CARE PROVIDERS. TO BE CONSIDERED ADEQUATE, THE NETWORK MUST HAVE A SUFFICIENT NUMBER OF HEALTH CARE PROVIDERS WITHIN AN ACCEPTABLE DISTANCE OF THE MEDICARE BENEFICIARIES. THE CORPORATION USES INDIANA UNIVERSITY HEALTH, INC. ("IU HEALTH") AS A HEALTH CARE DELIVERY SYSTEM TO DELIVER AND ARRANGE FOR HEALTH CARE SERVICES TO MEDICARE BENEFICIARIES. IU HEALTH MAINTAINS A NETWORK OF PROVIDERS THROUGHOUT THE STATE OF INDIANA. IU HEALTH PLANS NFP'S HMO BUSINESS IS LIMITED TO THE MEDICARE ADVANTAGE PROGRAM. THE CORPORATION DOES NOT CURRENTLY NOR DOES IT INTEND IN THE FUTURE TO PROVIDE HMO COVERAGE IN THE COMMERCIAL, INDIVIDUAL, OR GROUP HEALTH INSURANCE MARKETS.

    Expenses $200,663,311 · Revenue $198,291,364

As filed on the 2023 return.

Listed in Part VII

  • RONALD L STIVER

    DIRECTOR/Chair

    Total calculated
    $1,564,484
    From this org
    $0
    From related orgs
    $1,351,039
    Other
    $213,445
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $745,488 related
    Bonus
    $0 + $279,296 related
    Other
    $0 + $326,255 related
    Deferred
    $0 + $148,542 related
    Nontaxable benefits
    $0 + $64,903 related
    Filer's total
    $0 + $1,564,485 related

  • STEPHANIE L MOTTER

    DIRECTOR/PRESIDENT

    Total calculated
    $979,333
    From this org
    $0
    From related orgs
    $819,088
    Other
    $160,245
    Hours/week
    25 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,616 related
    Bonus
    $0 + $197,033 related
    Other
    $0 + $2,439 related
    Deferred
    $0 + $118,500 related
    Nontaxable benefits
    $0 + $41,745 related
    Filer's total
    $0 + $979,332 related

  • ARTHUR VASQUEZ

    DIRECTOR

    Total calculated
    $897,813
    From this org
    $0
    From related orgs
    $742,860
    Other
    $154,953
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $554,742 related
    Bonus
    $0 + $186,249 related
    Other
    $0 + $1,869 related
    Deferred
    $0 + $110,400 related
    Nontaxable benefits
    $0 + $44,553 related
    Filer's total
    $0 + $897,813 related

  • David Burton

    DIRECTOR

    Total calculated
    $514,124
    From this org
    $0
    From related orgs
    $450,694
    Other
    $63,430
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $406,251 related
    Bonus
    $0 + $43,633 related
    Other
    $0 + $810 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $50,230 related
    Filer's total
    $0 + $514,124 related

  • GREGORY C KIRAY MD

    DIRECTOR

    Total calculated
    $1,220,899
    From this org
    $0
    From related orgs
    $1,071,624
    Other
    $149,275
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $536,269 related
    Bonus
    $0 + $199,808 related
    Other
    $0 + $335,547 related
    Deferred
    $0 + $119,059 related
    Nontaxable benefits
    $0 + $30,216 related
    Filer's total
    $0 + $1,220,899 related

  • JENNIFER M ALVEY

    DIRECTOR

    Total calculated
    $1,865,924
    From this org
    $0
    From related orgs
    $1,601,621
    Other
    $264,303
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,080,062 related
    Bonus
    $0 + $379,971 related
    Other
    $0 + $141,588 related
    Deferred
    $0 + $204,900 related
    Nontaxable benefits
    $0 + $59,403 related
    Filer's total
    $0 + $1,865,924 related

  • Nichole Wilson

    DIRECTOR

    Total calculated
    $439,506
    From this org
    $0
    From related orgs
    $397,651
    Other
    $41,855
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,177 related
    Bonus
    $0 + $39,664 related
    Other
    $0 + $810 related
    Deferred
    $0 + $11,441 related
    Nontaxable benefits
    $0 + $30,415 related
    Filer's total
    $0 + $439,507 related

  • DOUGLAS R FAUTH

    Secretary (Part Year)

    Total calculated
    $155,392
    From this org
    $0
    From related orgs
    $128,301
    Other
    $27,091
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,814 related
    Bonus
    $0 + $1,030 related
    Other
    $0 + $457 related
    Deferred
    $0 + $4,989 related
    Nontaxable benefits
    $0 + $22,102 related
    Filer's total
    $0 + $155,392 related

  • SCOTT M BLACK

    TREASURER

    Total calculated
    $503,240
    From this org
    $0
    From related orgs
    $429,064
    Other
    $74,176
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,001 related
    Bonus
    $0 + $44,500 related
    Other
    $0 + $3,564 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $60,976 related
    Filer's total
    $0 + $503,240 related

  • TINA L KORTY

    SECRETARY (Part Year)

    Total calculated
    $256,863
    From this org
    $0
    From related orgs
    $224,535
    Other
    $32,328
    Hours/week
    2 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,369 related
    Bonus
    $0 + $23,186 related
    Other
    $0 + $980 related
    Deferred
    $0 + $8,990 related
    Nontaxable benefits
    $0 + $23,339 related
    Filer's total
    $0 + $256,863 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

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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
IU HEALTH PLAN NFP'S PRESIDENT WAS EMPLOYED BY RELATED PARTY AND PARENT ORGANIZATION, IU HEALTH, INC. IU HEALTH'S PROCESS FOR DETERMINING COMPENSATION INCLUDES THE USE OF A COMPENSATION SURVEY/STUDY CONDUCTED BY AN INDEPENDENT COMPENSATION CONSULTANT WITH REVIEW AND APPROVAL BY THE TALENT MANAGEMENT AND EXECUTIVE COMPENSATION COMMITTEE AND THE BOARD OF DIRECTORS. PLEASE SEE SCHEDULE O FOR ADDITIONAL DETAILS.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
JENNIFER M. ALVEY, RONALD L. STIVER, GREGORY C. KIRAY, M.D., STEPHANIE L. MOTTER, AND ARTHUR VASQUEZ PARTICIPATE IN AN IU HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, PROVISIONS OF WHICH ARE DESIGNED TO RETAIN ITS 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 HAS 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 EXECUTIVES HAVE AN AMOUNT INCLUDED IN COLUMN B (III), OTHER REPORTABLE COMPENSATION, REPRESENTING THE CURRENT YEAR VESTED AMOUNTS RECEIVED UNDER THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN: - JENNIFER M. ALVEY: $134,097 - RON STIVER: $322,904 - GREGORY KIRAY: $327,294

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
202413179349306136

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