Norton Healthcare Inc
84% goes to programs $0 to raise $100 Growing revenue
Norton Healthcare Inc is a 501(c)(3) organization based in Louisville, Kentucky, registered in 1984, with $759,365,626 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
Accounting 224 E Broadway 5th Floor, Louisville, KY, 40202 EIN 61-1028725 Since 1984
Revenue (FY2024)
$759.4M
▲ 25.1% vs prior year
Health median: $840K
Expenses (FY2024)
$734.5M
Net assets
$273.3M
Employees
5,716
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Norton Healthcare Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Norton Healthcare Inc: 4 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Norton Healthcare Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Norton Healthcare Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Norton healthcare's purpose is to provide quality health care to all those we serve, in a manner that responds to the needs of our communities and honors our faith heritage.
Contact & location
- Address
- Accounting 224 E Broadway 5th Floor, Louisville, KY, 40202
- City
- Louisville
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $206.2M (FY2013) to $759.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.3BNet assets $273.3M
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.6B
Total liabilities
$2.3B
Net assets
$273.3M
Salaries & benefits
$323.0M
44% of expenses
Board members
18
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $759,365,626▲25.1% | $734,469,947▲26.6% | $273,311,664▲31.7% | $2,604,396,769▲8.4% | 990 |
| 2023 | $607,102,092▲6.7% | $580,119,586▲9.3% | $207,590,188▲340% | $2,403,379,569▼1.6% | 990 |
| 2022 | $569,215,201▼7.9% | $530,549,416▲14.1% | $47,221,281▼61.3% | $2,441,255,153▼13.9% | 990 |
| 2021 | $617,825,151▲25.5% | $464,873,859▲7.9% | $121,915,410▲206% | $2,835,434,005▲4.7% | 990 |
| 2020 | $492,316,959▲15.1% | $430,991,720▲10.3% | -$115,281,164▲59.5% | $2,709,209,349▲39.9% | 990 |
| 2019 | $427,562,803▲9.8% | $390,879,950▲16.6% | -$284,828,933▲39.0% | $1,935,993,288▲5.8% | 990 |
| 2018 | $389,424,748▲83.1% | $335,370,705▲19.2% | -$466,655,430▼12.9% | $1,830,303,653▲1.8% | 990 |
| 2017 | $212,683,950▲6.7% | $281,379,078▲8.2% | -$413,231,704▲3.1% | $1,798,724,698▲4.4% | 990 |
| 2016 | $199,400,509▼8.4% | $260,145,778▲5.6% | -$426,488,505▼10.7% | $1,723,698,889▲36.8% | 990 |
| 2015 | $217,648,672▲15.6% | $246,290,164▲9.8% | -$385,389,182▼44.7% | $1,259,945,526▲6.6% | 990 |
| 2014 | $188,271,725▼8.7% | $224,321,049▼10.8% | -$266,328,795▼14.1% | $1,181,601,907▲4.4% | 990 |
| 2013 | $206,226,995 | $251,370,542▲7.4% | -$233,321,141▼25.4% | $1,131,948,403▲20.2% | 990 |
| 2012 | — | $234,100,736▲20.6% | -$186,113,874▼8.4% | $941,573,437▲0.6% | 990 |
| 2011 | — | $194,117,660▲14.1% | -$171,653,620▼11.2% | $935,991,735▲18.1% | 990 |
| 2010 | — | $170,121,827 | -$154,346,288 | $792,733,695 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Russell F Cox — $3,633,654 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Russell F Cox | President & Ceo/trustee | 30 | $3,633,654 |
| Michael W Gough | Exec Vp and Coo (partial Year) | 30 | $3,200,723 |
| Steven Hester Md | Senior Vp & Chief Clinical and Strategy Office | 50 | $1,641,761 |
| Adam Kempf | Sr Vp & Cfao | 30 | $1,418,297 |
| Robert B Azar | Sr Vp Chief Legal Officer/secretary | 30 | $1,125,537 |
| Steve Ready | Sr Vp & Cio | 50 | $1,083,319 |
| Charlotte Ipsan | Senior Vp & Chief Hospital Officer | 21 | $1,044,527 |
| Douglas Winkelhake | Sys Vp Norton Neurology Institute Tho | 50 | $942,990 |
| James Frazier Md | Sys Vp & Chief Medical Office | 50 | $864,617 |
| Scott Watkins | Senior Vp & Chief Integration and Performance Officer | 49 | $851,210 |
| Steven Heilman Md | Sys Vp & Chief Medical Information Officer | 50 | $801,186 |
| Kimberly Tharp-barrie | Sr Vp, Cno | 50 | $801,010 |
| John Hammond | Senior Vp & Chief Human Resources Officer | 50 | $719,020 |
| Renee Murphy | Sr Vp, Chief Marketing & Communications Officer | 50 | $707,522 |
| Shelley Gast | Senior Vp & Chief Revenue Officer | 50 | $631,613 |
| Mark Mcdonald | Sys Vp Pediatric Medical Affairs | 50 | $624,887 |
| Jim Meyers | Sys Vp, Revenue Cycle | 50 | $610,820 |
| Stephen Wyatt Md | Chief Research Executive | 50 | $598,075 |
| Andrew Mccarthy | Sys Vp, Facilities Management | 50 | $590,016 |
| Mark Kircher | Division Vp, Finance | 50 | $538,726 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Impact Advisors LLC | Consulting | $11,468,632 |
| Technical Youth LLC | Consulting | $9,318,191 |
| Firstsource Solutions USA LLC | Patient Financial Services | $7,848,273 |
| The Csi Companies Inc | Consulting | $7,725,448 |
| Allegis Group Holdings Inc | Contract Labor | $6,290,311 |
Grants received · $532K total
9 grants to Norton Healthcare Inc totaling $532K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Johns Hopkins University | Sub-award | 2023 | $62,931 |
| Johns Hopkins University | Sub-award | 2022 | $33,159 |
| Johns Hopkins University | Sub-award | 2021 | $45,171 |
| Americares Foundation Inc | Emergency | 2020 | $132,448 |
| Americares Foundation Inc | Emergency | 2020 | $132,448 |
| Johns Hopkins University | Sub-award | 2020 | $52,657 |
| Johns Hopkins University | Sub-award | 2019 | $34,326 |
| Johns Hopkins University | Sub-award | 2018 | $24,206 |
| Northwestern University | Support of research activities | 2016 | $15,090 |
Grants made · $100.3M in FY2024
63 grants totaling $100.3M in FY2024 — showing the 15 largest. All grants made by Norton Healthcare Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Norton Wlh Real Estate Inc | Hospital building | $98,222,858 |
| Jefferson Public School | Program support to ensure that trainers and sports medicine experts are available and support of baseline concussion testing. | $510,000 |
| University of Kentuckypharm | Support university pharmacy college programs and support uk leadership program for annual graduate student scholarship | $200,000 |
| Bellarmine University | General program support for student education | $150,000 |
| Hanover College Trustees | Clinical services and financial support of sports med | $75,000 |
| Leadership Louisville Foundation Incorporated | Support for leadership development program | $57,350 |
| Christian Academy of Louisville Inc | Athletic training services | $55,000 |
| Habitat For Humanity of Metro Louisville Inc | Funding for a home build project | $50,000 |
| Ncsl-natl Conference State Legislation | Ncsl legislative summit louisville, kentucky 2024 | $50,000 |
| Metro United Way Inc | Support the engagement of the community to give, advocate and volunteer | $50,000 |
| Christian Academy of Indiana Inc | Athletic training services | $45,000 |
| Louisville Chamber of Commerce Inc | 2024 glide & capitol connection sponsorships | $41,500 |
| Catholic Education Foundation Inc | Supporting the growth and vitality of catholic parishes and schools in the archdiocese of louisville, kentucky | $37,000 |
| Whas Crusade For Children Inc | Supporting children in community | $35,000 |
| Community Medical Associates Inc | Support of a nurse practitioner for the bellarmine student health clinic and support local public schools for telemedicine services | $34,058 |
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Compare Norton Healthcare Inc
Frequently asked questions
- Is Norton Healthcare Inc a legitimate nonprofit?
- Yes. Norton Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-1028725, based in Louisville, Kentucky. Donations are tax-deductible.
- What is Norton Healthcare Inc's EIN?
- Norton Healthcare Inc's Employer Identification Number (EIN) is 61-1028725.
- How much revenue does Norton Healthcare Inc report?
- Norton Healthcare Inc reported $759,365,626 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Norton Healthcare Inc's spending goes to programs?
- Norton Healthcare Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Norton Healthcare Inc have?
- CharityIndex grades Norton Healthcare Inc A, based on program efficiency and fundraising cost.
- How much does Norton Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Norton Healthcare Inc's latest Form 990 is $3,633,654, paid to Russell F Cox (President & Ceo/trustee).
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Explore more
Data for Norton Healthcare Inc (EIN 61-1028725) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.