AI Transparency Report
Indiana University Health Blackford Hospital Inc. demonstrates a fluctuating financial performance over the past decade. While the organization reported a net surplus in some years, such as 2021 with revenues of $29,029,033 exceeding expenses of $25,581,477, it has experienced significant deficits in more recent periods. For instance, in 2023, expenses of $23,774,787 outstripped revenues of $18,700,705, indicating a substantial operating loss. This trend of expenses exceeding revenue is also evident in 2022 and 2020, suggesting potential challenges in maintaining financial equilibrium.
The organization's asset base has also seen considerable shifts, peaking at $18,802,756 in 2016 before declining to $5,658,757 by 2023. This reduction in assets, coupled with periods of increasing liabilities (e.g., $8,296,484 in 2020), warrants closer examination. The consistent reporting of 0% officer compensation across all filings suggests that executive compensation is either not reported in this section or is handled through a related entity, which could impact the assessment of internal financial transparency if not clarified elsewhere. Overall, the financial health appears to be under pressure, with recent years showing a pattern of spending exceeding income.