Meridian Health Services is a not-for-profit healthcare organization dedicated to providing high-quality health services to patients across Indiana. As with any healthcare organization, transparency and accountability are crucial in ensuring that patients receive the best possible care. That’s why Meridian Health Services releases its annual 990 form publicly, providing a comprehensive look at the organization’s finances, governance, and mission.
In this article, we’ll delve into Meridian Health Services’ 990 form and unpack some of the key numbers and insights. From revenue sources to executive compensation, this article will provide a comprehensive overview of Meridian’s financial health and governance.
Revenue Sources
One of the most important aspects of any healthcare organization’s 990 form is its revenue sources. For Meridian Health Services, the vast majority of its revenue (84.9%) comes from patient care services. This includes revenue generated from outpatient services, residential services, and community-based programs. The remaining 15.1% of revenue comes from government grants and contributions.
Executive Compensation
Another crucial aspect of Meridian Health Services’ 990 form is executive compensation. As a not-for-profit organization, Meridian operates under a different set of rules than for-profit companies when it comes to executive pay. In 2019, the highest-paid executive at Meridian earned $548,886 in compensation. This is a significant increase from the previous year, where the highest-paid executive earned $426,627.
Governance
Finally, Meridian’s 990 form provides valuable insights into the organization’s governance structure. For example, the organization’s board of directors is made up of 15 members, all of whom are unpaid volunteers. Additionally, Meridian has implemented several key governance policies, including a conflict-of-interest policy and a whistleblower policy, to ensure that the organization is adhering to ethical and legal standards.
Conclusion
Overall, Meridian Health Services’ 990 form provides valuable insights into the organization’s finances, governance, and mission. From revenue sources to executive compensation, there is a wealth of information to be gleaned from this document. As a not-for-profit healthcare organization, Meridian is committed to transparency and accountability, and its annual 990 form is a testament to this commitment.
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