Norton Hospitals Inc
98% goes to programs $0 to raise $100 Strong reserves Growing revenue
Norton Hospitals Inc is a 501(c)(3) organization based in Louisville, Kentucky, registered in 1970, with $3,371,281,873 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
Accounting 224 E Broadway 5th Floor, Louisville, KY, 40202 EIN 61-0703799 Since 1970
Revenue (FY2024)
$3.4B
▲ 12.4% vs prior year
Health median: $840K
Expenses (FY2024)
$2.8B
Net assets
$4.4B
Employees
14,235
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating98% 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 Hospitals Inc: 98% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +16% 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 Hospitals Inc: 19 mo reserves · +16% 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 Hospitals 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 Hospitals Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Norton hospitals, inc.'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 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 $1.5B (FY2013) to $3.4B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $204.1MNet assets $4.4B
Operating margin
16.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.6B
Total liabilities
$204.1M
Net assets
$4.4B
Salaries & benefits
$1.0B
37% of expenses
Board members
18
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,371,281,873▲12.4% | $2,825,918,892▲8.2% | $4,386,163,450▲14.2% | $4,590,299,021▲15.4% | 990 |
| 2023 | $2,999,781,942▲14.2% | $2,612,252,937▲9.4% | $3,840,966,000▲11.2% | $3,977,045,908▲9.9% | 990 |
| 2022 | $2,627,705,210▲3.7% | $2,386,899,214▲9.6% | $3,453,704,517▲7.5% | $3,620,090,960▲3.8% | 990 |
| 2021 | $2,534,122,954▲19.4% | $2,177,121,424▲14.0% | $3,213,746,656▲12.5% | $3,488,220,444▲9.2% | 990 |
| 2020 | $2,122,710,248▲2.8% | $1,910,411,628▲5.3% | $2,856,769,041▲8.0% | $3,193,313,774▲15.0% | 990 |
| 2019 | $2,064,333,753▲2.0% | $1,813,916,667▲2.5% | $2,644,597,899▲10.4% | $2,777,133,873▲8.8% | 990 |
| 2018 | $2,023,498,973▲7.2% | $1,769,387,384▲10.4% | $2,394,465,004▲11.9% | $2,551,346,959▲12.3% | 990 |
| 2017 | $1,887,205,405▲4.9% | $1,602,704,982▲4.2% | $2,140,495,703▲15.3% | $2,271,045,747▲14.4% | 990 |
| 2016 | $1,798,219,082▲3.9% | $1,538,300,261▲4.7% | $1,856,296,743▲16.3% | $1,986,025,406▲15.7% | 990 |
| 2015 | $1,730,077,942▲7.8% | $1,468,716,694▲4.1% | $1,596,572,294▲19.6% | $1,716,731,667▲19.2% | 990 |
| 2014 | $1,604,634,180▲6.5% | $1,411,192,426▲3.0% | $1,335,439,347▲16.9% | $1,440,612,021▲16.3% | 990 |
| 2013 | $1,507,037,746 | $1,370,481,259▲0.7% | $1,142,038,386▲13.6% | $1,238,589,907▲13.5% | 990 |
| 2012 | — | $1,361,276,220▲7.1% | $1,005,502,403▲14.2% | $1,090,945,217▲13.5% | 990 |
| 2011 | — | $1,271,191,001▲3.2% | $880,492,032▲15.0% | $961,472,634▲13.2% | 990 |
| 2010 | — | $1,232,152,782 | $765,849,289 | $849,219,774 | 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: Paul Tennant Md — $1,704,289 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul Tennant Md | Physician | 50 | $1,704,289 |
| Aaron Spalding Md | Physician | 50 | $1,652,767 |
| Joseph Maly Md | Physician | 50 | $1,465,771 |
| Mia Jusufbegovic Md | Physician | 50 | $1,380,109 |
| Chandler Park Md | Physician | 50 | $1,073,796 |
| Joseph Flynn Do | Cao Nmg - Physician -in-chief Nci | 50 | $1,055,175 |
| Matthew Ayers | Sys Vp, Associate Chief Hospital Officer | 49 | $627,189 |
| Randy Hamilton | Chief Administrative Officer | 50 | $555,745 |
| Karen Donahue | Division Vp Finance | 50 | $512,387 |
| Emmett Ramser | Former Hospital Cao | 0 | $511,628 |
| Jeremy Sprecher | Chief Administrative Officer | 50 | $374,986 |
| Corenza Townsend | Chief Administrative Officer | 50 | $302,994 |
| Andrew Strausbaugh | Former Hospital Cao | 0 | $131,309 |
| Adam Kempf | Sr Vp & Cfao | 10 | — |
| Barry Pennybaker | Trustee | 1 | — |
| Charlotte Ipsan | Hospital Cao | 29 | — |
| Craig D Grant | Vice Chair | 1 | — |
| Donald H Robinson | Trustee | 1 | — |
| Edie Nixon | Chair | 1 | — |
| Gail Lyttle | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Messer Construction Co | Construction | $23,804,942 |
| Northstar Anesthesia of Ky II Pllc | Anesthesia Services | $20,686,194 |
| Anesthesiology Consulting Enterprise | Anesthesia Services | $7,688,700 |
| Morrison Management Specialist | Food Service | $5,984,753 |
| Anesthesia Services of Ky Pllc | Anesthesia Services | $5,913,996 |
Grants received · $189K total
6 grants to Norton Hospitals Inc totaling $189K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Catholic Charities of Louisville Inc | Refugee health promotion | 2023 | $42,699 |
| American Heart Association Inc | Cholesterol initiative | 2021 | $14,000 |
| American Heart Association Inc | Cholesterol management | 2020 | $28,000 |
| Network For Good Inc | Unrestricted | 2020 | $5,235 |
| Patient Access Network Foundation | Patient assistance | 2015 | $89,964 |
| Patient Access Network Foundation | Patient assistance | 2014 | $9,243 |
Grants made · $1.2M in FY2024
1 grant totaling $1.2M in FY2024. All grants made by Norton Hospitals Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Norton Wlh Real Estate Inc | Land for the norton west louisville hospital | $1,200,000 |
Similar organizations in Health
Health
Baptist Healthcare System Inc
Louisville, KY
$4.3B
Aannual revenue
Health
St Elizabeth Medical Center Inc
Edgewood, KY
$2.2B
B+annual revenue
- Health
Uofl Health-louisville Inc
Louisville, KY
$1.3B
C+annual revenue
Health
Ashland Hospital Corporation
Ashland, KY
$976.8M
Aannual revenue
Health
Appalachian Regional Healthcare Inc
Lexington, KY
$943.9M
Aannual revenue
Health
Community Medical Associates Inc
Louisville, KY
$919.7M
Cannual revenue
Health
University Medical Center Inc
Louisville, KY
$902.9M
B+annual revenue
Health
Owensboro Health Regional Hospital
Owensboro, KY
$888.7M
Aannual revenue
Baptist Health Medical Group Inc
Louisville, KY
$850.8M
C+annual revenue
- Health
Bowling Green-warren County Community Hospital Corporation
Bowling Green, KY
$838.8M
A+annual revenue
Compare Norton Hospitals Inc
Frequently asked questions
- Is Norton Hospitals Inc a legitimate nonprofit?
- Yes. Norton Hospitals Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-0703799, based in Louisville, Kentucky. Donations are tax-deductible.
- What is Norton Hospitals Inc's EIN?
- Norton Hospitals Inc's Employer Identification Number (EIN) is 61-0703799.
- How much revenue does Norton Hospitals Inc report?
- Norton Hospitals Inc reported $3,371,281,873 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Norton Hospitals Inc's spending goes to programs?
- Norton Hospitals Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Norton Hospitals Inc have?
- CharityIndex grades Norton Hospitals Inc A+, based on program efficiency and fundraising cost.
- How much does Norton Hospitals Inc's highest-paid employee make?
- The highest reported compensation on Norton Hospitals Inc's latest Form 990 is $1,704,289, paid to Paul Tennant Md (Physician).
More nonprofits in Louisville
Explore more
Data for Norton Hospitals Inc (EIN 61-0703799) 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.