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Nonprofiteer
← INDIANA REGIONAL MEDICAL CENTER

Form 990 for tax year 2023

Filed by INDIANA REGIONAL MEDICAL CENTER.

Totals

Total revenue
$235,244,815
Total expenses
$218,311,917
Contributions and grants received
$8,062,250
Grants paid
$0
Program service revenue
$214,412,707
Investment income
$5,201,242
Other revenue
$7,568,616
Total assets, end of year
$264,471,539
Total liabilities, end of year
$119,646,417
Net assets or fund balances, end of year
$144,825,122
Program services expenses (Part IX)
$176,263,530
Management and general expenses
$42,048,387
Fundraising expenses
$0
Program service expenses (Part III)
$176,263,530

Program services were 80.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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
    $933,558
    From this org
    $886,903
    From related orgs
    $0
    Other
    $46,655
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $615,927
    Bonus
    $88,595
    Other
    $182,381
    Deferred
    $26,677
    Nontaxable benefits
    $19,978
    Filer's total
    $933,558
  • TODD BRICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • HILLIARY CREELY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • RUSSELL A DROZDIAK MD

    BOARD MEMBER

    Total calculated
    $172,453
    From this org
    $166,992
    From related orgs
    $0
    Other
    $5,461
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $155,838
    Bonus
    $6,901
    Other
    $4,253
    Deferred
    $4,471
    Nontaxable benefits
    $990
    Filer's total
    $172,453
  • 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
    $584,291
    From this org
    $0
    From related orgs
    $561,062
    Other
    $23,229
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $519,957 related
    Bonus
    $0 + $18,605 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $1,917 related
    Nontaxable benefits
    $0 + $21,312 related
    Filer's total
    $0 + $584,291 related
  • ROBERT A GONGAWARE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $361,048
    From this org
    $312,538
    From related orgs
    $0
    Other
    $48,510
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $308,552
    Bonus
    $0
    Other
    $3,986
    Deferred
    $28,801
    Nontaxable benefits
    $19,709
    Filer's total
    $361,048
  • RICHARD NEFF MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $439,767
    From this org
    $408,622
    From related orgs
    $0
    Other
    $31,145
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $369,912
    Bonus
    $20,383
    Other
    $18,327
    Deferred
    $10,026
    Nontaxable benefits
    $21,119
    Filer's total
    $439,767
  • BRETT BRAUN

    CHIEF OPERATING OFFICER

    Total calculated
    $270,619
    From this org
    $234,186
    From related orgs
    $0
    Other
    $36,433
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $221,653
    Bonus
    $11,420
    Other
    $1,113
    Deferred
    $15,878
    Nontaxable benefits
    $20,555
    Filer's total
    $270,619
  • MICHAEL F ICKOWSKI

    CHIEF FINANCIAL OFFICER

    Total calculated
    $193,547
    From this org
    $193,547
    From related orgs
    $0
    Other
    $0
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $182,891
    Bonus
    $0
    Other
    $10,656
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $193,547
  • WENDY HAISLIP

    CHIEF NURSING OFFICER

    Total calculated
    $270,378
    From this org
    $243,753
    From related orgs
    $0
    Other
    $26,625
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $229,571
    Bonus
    $11,991
    Other
    $2,191
    Deferred
    $6,994
    Nontaxable benefits
    $19,631
    Filer's total
    $270,378
  • JAMES KINNEER

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $289,798
    From this org
    $247,459
    From related orgs
    $0
    Other
    $42,339
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $232,600
    Bonus
    $12,561
    Other
    $2,298
    Deferred
    $21,270
    Nontaxable benefits
    $21,069
    Filer's total
    $289,798
  • MARK VOLOVIC

    CHIEF INFORMATION OFFICER

    Total calculated
    $330,442
    From this org
    $293,309
    From related orgs
    $0
    Other
    $37,133
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $276,535
    Bonus
    $15,416
    Other
    $1,358
    Deferred
    $16,014
    Nontaxable benefits
    $21,119
    Filer's total
    $330,442
  • ADENIRAN HAASTRUP MD

    PHYSICIAN

    Total calculated
    $568,342
    From this org
    $536,525
    From related orgs
    $0
    Other
    $31,817
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $476,373
    Bonus
    $59,375
    Other
    $777
    Deferred
    $11,042
    Nontaxable benefits
    $20,775
    Filer's total
    $568,342
  • TOLUTOPE OZAH MD

    PHYSICIAN

    Total calculated
    $520,532
    From this org
    $491,120
    From related orgs
    $0
    Other
    $29,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $475,461
    Bonus
    $15,000
    Other
    $659
    Deferred
    $9,434
    Nontaxable benefits
    $19,978
    Filer's total
    $520,532
  • BENJAMIN L PARK DO

    PHYSICIAN

    Total calculated
    $506,108
    From this org
    $478,055
    From related orgs
    $0
    Other
    $28,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $462,462
    Bonus
    $15,000
    Other
    $593
    Deferred
    $8,135
    Nontaxable benefits
    $19,918
    Filer's total
    $506,108
  • KYUNG PARK MD

    PHYSICIAN

    Total calculated
    $517,841
    From this org
    $486,624
    From related orgs
    $0
    Other
    $31,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $467,273
    Bonus
    $15,000
    Other
    $4,351
    Deferred
    $11,931
    Nontaxable benefits
    $19,286
    Filer's total
    $517,841
  • JASON RASEFSKE MD

    PHYSICIAN

    Total calculated
    $402,261
    From this org
    $384,973
    From related orgs
    $0
    Other
    $17,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,805
    Bonus
    $0
    Other
    $118,168
    Deferred
    $0
    Nontaxable benefits
    $17,288
    Filer's total
    $402,261

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 THE PRESIDENT & CEO AND KEY EMPLOYEES DURING THE CALENDAR YEAR 2023: - STEPHEN A. WOLFE: PAY OUTS TO HIM WERE $138,553, AND CONTRIBUTIONS TO THE PLAN WERE $94,502. - JAMES KINNER: NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $21,266. - MARK VOLOVIC: NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $42,526. INDIANA HEALTHCARE PHYSICIAN SERVICES HAS A 457(F) PLAN AVAILABLE FOR THEIR PHYSICIANS. FOLLOWING PHYSICIANS WERE MEMBERS OF THE PLAN DURING THE CALENDAR YEAR 2023: - DR. ADENIRAN HAASTRUP: NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $39,375. - DR. JASON RASEFSKE: PAY OUTS TO HIM WERE $116,968, AND CONTRIBUTIONS TO THE PLAN WERE $12,308.

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
2023
Filed
16 April 2025
IRS schema version
2023v6.0
Source object
202531259349301533

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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