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Nonprofiteer
← INDIANA REGIONAL MEDICAL CENTER

Form 990 for tax year 2024

Filed by INDIANA REGIONAL MEDICAL CENTER.

Totals

Total revenue
$275,456,238
Total expenses
$246,681,166
Contributions and grants received
$13,534,204
Grants paid
$0
Program service revenue
$245,070,610
Investment income
$6,478,476
Other revenue
$10,372,948
Total assets, end of year
$298,182,339
Total liabilities, end of year
$140,720,485
Net assets or fund balances, end of year
$157,461,854
Program services expenses (Part IX)
$200,467,145
Management and general expenses
$46,214,021
Fundraising expenses
$0
Program service expenses (Part III)
$200,467,145

Program services were 81.3% 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)

    $5,854,830

  • 1f · All other contributions, gifts and grants

    $7,679,374

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

    total $244,877,298 · related or exempt $244,877,298

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

    total $152,370 · related or exempt $152,370

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

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

  • 3 · Investment income

    total $3,868,687 · excluded $3,868,687

  • 5 · Royalties

    total $3,015 · excluded $3,015

  • 6a · Gross rents

    real property $2,613,382

  • 6b · Less rental expenses

    real property $1,214,402

  • 6c · Rental income or loss

    real property $1,398,980

  • 6d · Net rental income or loss

    total $1,398,980 · excluded $1,398,980

  • 7a · Gross sales of assets other than inventory

    securities $2,625,204

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

    securities $0 · other assets $15,415

  • 7c · Gain or loss

    securities $2,625,204 · other assets -$15,415

  • 7d · Net gain or loss

    total $2,609,789 · excluded $2,609,789

  • 11a · Other revenue: MISCELLANEOUS

    total $3,816,784 · excluded $3,816,784

  • 11b · Other revenue: PURCH DISC & REBATES

    total $1,218,987 · excluded $1,218,987

  • 11c · Other revenue: CAFETERIA REV

    total $1,030,556 · excluded $1,030,556

  • 11d · All other revenue

    total $2,904,626 · unrelated business $281,526 · excluded $2,623,100

  • 11e · Other revenue, total

    $8,970,953

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,962,834 · management and general $1,962,834

  • 7 · Other salaries and wages

    total $71,858,416 · program services $58,876,662 · management and general $12,981,754

  • 8 · Pension plan contributions

    total $3,333,729 · program services $2,664,983 · management and general $668,746

  • 9 · Other employee benefits

    total $14,772,985 · program services $11,945,569 · management and general $2,827,416

  • 10 · Payroll taxes

    total $5,014,925 · program services $4,008,931 · management and general $1,005,994

  • 11a · Fees: management

    total $940,591 · management and general $940,591

  • 11b · Fees: legal

    total $1,032,403 · management and general $1,032,403

  • 11c · Fees: accounting

    total $240,497 · management and general $240,497

  • 11d · Fees: lobbying

    total $75,240 · program services $75,240

  • 11f · Fees: investment management

    total $303,782 · management and general $303,782

  • 11g · Fees: other

    total $41,306,238 · program services $33,224,436 · management and general $8,081,802

  • 12 · Advertising and promotion

    total $806,654 · program services $31,379 · management and general $775,275

  • 13 · Office expenses

    total $1,685,801 · program services $1,651,154 · management and general $34,647

  • 14 · Information technology

    total $4,867,825 · program services $1,754,364 · management and general $3,113,461

  • 16 · Occupancy

    total $2,323,818 · program services $1,549,504 · management and general $774,314

  • 17 · Travel

    total $313,264 · program services $173,548 · management and general $139,716

  • 19 · Conferences, conventions and meetings

    total $45,691 · program services $45,691

  • 20 · Interest

    total $2,417,337 · program services $2,417,337

  • 22 · Depreciation, depletion and amortization

    total $9,390,039 · program services $8,093,732 · management and general $1,296,307

  • 23 · Insurance

    total $3,344,862 · program services $2,673,883 · management and general $670,979

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $62,214,096 · program services $61,007,143 · management and general $1,206,953

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $5,610,356 · management and general $5,610,356

  • 24c · Other expenses: MA ASSESSMENT

    total $4,519,508 · program services $3,612,895 · management and general $906,613

  • 24d · Other expenses: CLEANING SVCS & SUPPLIE

    total $2,567,929 · program services $2,052,802 · management and general $515,127

  • 24e · All other expenses

    total $5,732,346 · program services $4,607,892 · management and general $1,124,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,308 · end of year $7,408

  • 2 · Savings and temporary cash investments

    beginning of year $3,518,242 · end of year $14,189,836

  • 4 · Accounts receivable

    beginning of year $27,744,526 · end of year $39,655,414

  • 8 · Inventories for sale or use

    beginning of year $2,900,875 · end of year $2,921,967

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,589,002 · end of year $3,231,482

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

    $255,019,192

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

    $134,978,323

  • 10c · Land, buildings and equipment, net

    beginning of year $108,583,988 · end of year $120,040,869

  • 11 · Investments: publicly traded securities

    beginning of year $86,556,463 · end of year $84,817,312

  • 12 · Investments: other securities

    beginning of year $18,141,126 · end of year $17,012,587

  • 14 · Intangible assets

    beginning of year $551,520 · end of year $472,146

  • 15 · Other assets

    beginning of year $13,878,489 · end of year $15,833,318

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,666,902 · end of year $49,547,138

  • 20 · Tax-exempt bond liabilities

    beginning of year $30,014,102 · end of year $28,933,951

  • 23 · Secured mortgages and notes payable

    beginning of year $17,029,509 · end of year $16,164,197

  • 25 · Other liabilities

    beginning of year $36,935,904 · end of year $46,075,199

  • 27 · Net assets without donor restrictions

    beginning of year $127,738,706 · end of year $150,227,683

  • 28 · Net assets with donor restrictions

    beginning of year $17,086,416 · end of year $7,234,171

Mission and programs · 2024

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 $200,467,145 · Revenue $245,070,610

As filed on the 2024 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

  • Rebecca Stapleton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephen A Wolfe

    PRESIDENT & CEO

    Total calculated
    $1,058,151
    From this org
    $1,005,085
    From related orgs
    $0
    Other
    $53,066
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $666,004
    Bonus
    $42,188
    Other
    $296,893
    Deferred
    $31,050
    Nontaxable benefits
    $22,016
    Filer's total
    $1,058,151

  • 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
    $180,231
    From this org
    $175,349
    From related orgs
    $0
    Other
    $4,882
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $155,609
    Bonus
    $15,431
    Other
    $4,309
    Deferred
    $3,747
    Nontaxable benefits
    $1,135
    Filer's total
    $180,231

  • 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
    $674,680
    From this org
    $0
    From related orgs
    $651,049
    Other
    $23,631
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $620,445 related
    Bonus
    $0 + $7,604 related
    Other
    $0 + $23,000 related
    Deferred
    $0 + $1,846 related
    Nontaxable benefits
    $0 + $21,785 related
    Filer's total
    $0 + $674,680 related

  • Matthew N Klain MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael F Ickowski

    CHIEF FINANCIAL OFFICER

    Total calculated
    $413,082
    From this org
    $408,665
    From related orgs
    $0
    Other
    $4,417
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $391,262
    Bonus
    $13,688
    Other
    $3,715
    Deferred
    $3,230
    Nontaxable benefits
    $1,187
    Filer's total
    $413,082

  • Richard Neff MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $461,492
    From this org
    $426,758
    From related orgs
    $0
    Other
    $34,734
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $385,637
    Bonus
    $15,595
    Other
    $25,526
    Deferred
    $11,459
    Nontaxable benefits
    $23,275
    Filer's total
    $461,492

  • Brett Braun

    CHIEF OPERATING OFFICER (UNTIL 05/2024)

    Total calculated
    $147,877
    From this org
    $0
    From related orgs
    $129,753
    Other
    $18,124
    Hours/week
    34 + 6 related

  • Wendy Haislip

    CHIEF NURSING OFFICER

    Total calculated
    $246,561
    From this org
    $219,282
    From related orgs
    $0
    Other
    $27,279
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $207,184
    Bonus
    $9,582
    Other
    $2,516
    Deferred
    $5,561
    Nontaxable benefits
    $21,718
    Filer's total
    $246,561

  • James Kinneer

    CHIEF HUMAN RESOURCE OFFICER

    Total calculated
    $313,511
    From this org
    $266,766
    From related orgs
    $0
    Other
    $46,745
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $254,837
    Bonus
    $9,413
    Other
    $2,516
    Deferred
    $23,470
    Nontaxable benefits
    $23,275
    Filer's total
    $313,511

  • Mark Volovic

    CHIEF INFORMATION OFFICER

    Total calculated
    $344,611
    From this org
    $301,517
    From related orgs
    $0
    Other
    $43,094
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $289,202
    Bonus
    $10,969
    Other
    $1,346
    Deferred
    $19,819
    Nontaxable benefits
    $23,275
    Filer's total
    $344,611

  • Adeniran Haastrup MD

    PHYSICIAN

    Total calculated
    $724,550
    From this org
    $689,482
    From related orgs
    $0
    Other
    $35,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $472,749
    Bonus
    $62,500
    Other
    $154,233
    Deferred
    $11,500
    Nontaxable benefits
    $23,568
    Filer's total
    $724,550

  • Tolutope Ozah MD

    PHYSICIAN

    Total calculated
    $555,474
    From this org
    $522,743
    From related orgs
    $0
    Other
    $32,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $507,158
    Bonus
    $15,000
    Other
    $585
    Deferred
    $10,715
    Nontaxable benefits
    $22,016
    Filer's total
    $555,474

  • Benjamin L Park Do

    PHYSICIAN

    Total calculated
    $527,962
    From this org
    $498,762
    From related orgs
    $0
    Other
    $29,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $468,806
    Bonus
    $15,000
    Other
    $14,956
    Deferred
    $7,249
    Nontaxable benefits
    $21,951
    Filer's total
    $527,962

  • Kyung Park MD

    PHYSICIAN

    Total calculated
    $545,173
    From this org
    $509,394
    From related orgs
    $0
    Other
    $35,779
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $490,533
    Bonus
    $15,000
    Other
    $3,861
    Deferred
    $14,525
    Nontaxable benefits
    $21,254
    Filer's total
    $545,173

  • Gregory Olenic MD

    PHYSICIAN

    Total calculated
    $427,937
    From this org
    $394,781
    From related orgs
    $0
    Other
    $33,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,035
    Bonus
    $11,400
    Other
    $1,346
    Deferred
    $11,140
    Nontaxable benefits
    $22,016
    Filer's total
    $427,937

  • Robert A Gongaware

    FORMER CFO

    Total calculated
    $271,001
    From this org
    $238,963
    From related orgs
    $0
    Other
    $32,038
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $161,006
    Bonus
    $75,741
    Other
    $2,216
    Deferred
    $21,771
    Nontaxable benefits
    $10,267
    Filer's total
    $271,001

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 2024: - STEPHEN A. WOLFE: PAY OUTS TO HIM WERE $246,070, AND CONTRIBUTIONS TO THE PLAN WERE $101,252. - JAMES KINNER: NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $37,651. - MARK VOLOVIC: NO AMOUNTS WERE PAID TO HIM, AND CONTRIBUTIONS TO THE PLAN WERE $43,876. INDIANA HEALTHCARE PHYSICIAN SERVICES HAS A 457(F) PLAN AVAILABLE FOR THEIR PHYSICIANS. FOLLOWING PHYSICIANS WERE MEMBERS OF THE PLAN DURING THE CALENDAR YEAR 2024: - DR. ADENIRAN HAASTRUP: PAY OUTS TO HIM WERE $130,355, AND CONTRIBUTIONS TO THE PLAN WERE $39,487 .

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.

  • INDIANA REHABILITATION SERVICES LLC

    UNRELATED · REHABILITATION SERVICES · PA · 51% owned

    Directly controlled by INDIANA REGIONAL MEDICAL CENTER

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.5
Source object
202611329349303901

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