Indiana University Health Bedford INC EIN 23-7042323

Indiana University Health Bedford INC

EIN  23-7042323 Hospital Indianapolis, IN Founded 1967
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/6/26 · see original filing: IRS
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Size
$100M+
What they do
Provides high-quality healthcare services and collaborates with regional affiliates to improve the health and well-being of residents in Bedford and across Indiana.
Leadership
Alan F Smith MD · Chief of Staff/Pathologist · $323K
Money in and out
$112.1M revenue, $90.3M expenses
Bottom line
+19% operating surplus

Provides high-quality healthcare services and collaborates with regional affiliates to improve the health and well-being of residents in Bedford and across Indiana. For fiscal year 2024 it reported $112.1M in revenue, $90.3M in expenses, and $179.6M in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$112.1M
Pt VIII · Ln 12
Total expenses
$90.3M
Pt IX · Ln 25
Net assets
$179.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21.8M
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Operating surplus
+19%
revenue over expenses, this legal entity▼ -6% vs prior filing year
Payroll share
35%
of this entity's spending is salaries & benefits▲ +3% vs prior filing year
Program spending
96%
of expenses reach program services0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$112.1M
FY2024▼ -2%
Expenses
$90.3M
FY20240%
Total assets
$186.6M
FY2024▲ +9%
Total liabilities
$7.1M
FY2024▼ -51%
Total revenue
$112.1M
Pt VIII · Ln 12
Total expenses
$90.3M
Pt IX · Ln 25
Net assets
$179.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21.8M
Total assetsPt X · Ln 16$186.6M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $86.8M of program spending, described in the organization's own filed words · FY2024.
01

Iu health bedford hospital is a modern, joint commission approved rural health care facility which offers up-to-date technology and medical practices. It also employs a physician group practice, iu health southern indiana physicians, which is a multi-specialty practice providing medical services in internal medicine, family practice…

$86.0Mprogram expense
02

Rent from related 501(c)(3) orgs.

$690Kprogram expense
03

Iu health bedford receives "shared services" revenue by SHARING/PROVIDING services with indiana university health, inc. ("iu health"), indiana university health bloomington, inc. ("iu health bloomington"), and indiana university health paoli, inc. ("iu health paoli").

$101Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIndiana University Health Bedford INC
EINHdr · item D23-7042323
Principal addressHdr · item CIndianapolis, IN
Year of formationHdr · item L1967
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E20Z)
Ruling yearIRS BMFMay 1969

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief of Staff/Pathologist
$323,360Pt VII · Sec A
COO (scr) (part Year)
$299,844Pt VII · Sec A
VP & Cno
$201,796Pt VII · Sec A
Clinical Nurse
$188,805Pt VII · Sec A
Clinical Nurse
$156,094Pt VII · Sec A
Clinical Nurse
$155,802Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alan F Smith MD’s $323K as Chief of Staff/Pathologist is at the 9th percentile of top reported officer pay among 1754 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stanley H Stancil MD$407,100$406,440$401,700
Bradford W Dykes$223,841$380,644$367,965
Alan F Smith MD$323,360$318,782$314,762$304,042$288,343
Larry R Bailey$299,844$290,094$277,022
Kimberly D Jacobs$204,190$275,695$212,949
Julie Graber$188,805$171,070$244,325$173,568
Amy a Little$201,796$194,900$193,979
Amy a Little$195,931

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$104.2M · 93%
Investment income$7.4M · 7%
Program service revenue93%$104.2M
Investment income7%$7.4M
Contributions & grants$358K
Other revenue$108K
— government grantsLn 1e$271K
Total revenueLn 12$112.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$86.8M
Management & general4%$3.5M
Total functional expensesLn 25$90.3M

Balance Sheet

Part X · end of year
CashLn 1$250K
Total assetsLn 16$186.6M
Total liabilitiesLn 26$7.1M
Total net assetsLn 32$179.6M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.7M · Operating expenses/yr $90.3M
0.9 months
Where the money goes
Program services
Program services $86.8M · Total expenses $90.3M
96%
Management & General
Management & general $3.5M · Total expenses $90.3M
4%
Fundraising
Fundraising $0 · Total expenses $90.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $66K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $358K · Total revenue $112.1M
0%
Government reliance
Government grants $271K · Total revenue $112.1M
0%
Earned-income share
Program service revenue $104.2M · Total revenue $112.1M
93%
Investment reliance
Investment income $7.4M · Total revenue $112.1M
+7%
Program self-sufficiency
Program service revenue $104.2M · Total expenses $90.3M
115%
Growth & trend
Revenue growth (YoY)
This year $112.1M · Prior year $114.0M
-2%
Revenue CAGR
FY2020 $89.6M · FY2024 $112.1M
+6%
Net-asset trend (YoY)
End of year $179.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $112.1M · Expenses $90.3M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $186.6M
Net-asset ratio
Net assets $179.6M · Total assets $186.6M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $186.6M
3%
People & payroll
Highest Reported Total Compensation
Individual Alan F Smith MD · Reported title CHIEF OF STAFF/PATHOLOGIST · Highest reported compensation $323K · Total expenses $90.3M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $31.8M · Total expenses $90.3M
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth -2%
Investment management fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$450K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$112.1M revenue · viewing · ⤓ 990 PDF
FY2023$114.0M revenue · ⤓ 990 PDF
FY2022$98.0M revenue · ⤓ 990 PDF
FY2021$103.0M revenue · ⤓ 990 PDF
FY2020$89.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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