Norton Properties Inc
99% goes to programs Thin reserves Growing revenue
Norton Properties Inc is a 501(c)(3) organization based in Louisville, Kentucky, registered in 1984, with $72,680,476 in FY2024 revenue. CharityIndex grades it C, and it directs about 99% of spending to programs.
Accounting 224 E Broadway 5th Floor, Louisville, KY, 40202 EIN 61-1028724 Since 1984
Revenue (FY2024)
$72.7M
▲ 10.2% vs prior year
Health median: $840K
Expenses (FY2024)
$82.3M
Net assets
-$89.9M
Employees
109
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating99% to programs
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 Properties Inc: 99% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -13% 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 Properties Inc: 0 mo reserves · -13% margin earns a F 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 Properties 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 Properties 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 properties, inc. (properties) owns properties that are used to support the charitable health care purposes of norton healthcare, inc. (nhc), primarily of norton hospitals, inc. (hospitals), community medical associates, inc. and nhc. properties owns medical office buildings that are leased by physicians on the medical staff of hospitals. it also leases office space and parking facilities for the convenience of nhc employees, physicians of the medical staff of hospitals, and guests.
Contact & location
- Address
- Accounting 224 E Broadway 5th Floor, Louisville, KY, 40202
- City
- Louisville
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.1M (FY2013) to $72.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $482.6MNet assets -$89.9M
Operating margin
-13.2%
Spent more than it raised in the latest fiscal year.
Total assets
$392.7M
Total liabilities
$482.6M
Net assets
-$89.9M
Salaries & benefits
$2.9M
4% of expenses
Board members
18
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $72,680,476▲10.2% | $82,278,352▲5.5% | -$89,860,507▼12.0% | $392,707,153▼1.8% | 990 |
| 2023 | $65,980,791▲7.7% | $77,990,224▲5.6% | -$80,262,631▼17.6% | $399,852,945▲8.9% | 990 |
| 2022 | $61,245,122▲1.7% | $73,863,181▲5.0% | -$68,253,198▼22.7% | $367,229,995▼1.9% | 990 |
| 2021 | $60,233,665▲13.1% | $70,329,224▲4.8% | -$55,635,139▼22.2% | $374,509,086▲5.6% | 990 |
| 2020 | $53,239,643▲13.7% | $67,117,997▲10.6% | -$45,539,580▼43.8% | $354,626,369▲16.2% | 990 |
| 2019 | $46,820,195▲6.9% | $60,683,652▲8.1% | -$31,661,226▼78.4% | $305,285,005▲204% | 990 |
| 2018 | $43,799,720▲8.7% | $56,138,192▲30.7% | -$17,747,769▼228% | $100,513,746▲21.8% | 990 |
| 2017 | $40,282,179▲10.0% | $42,959,810▲5.8% | -$5,409,297▼98.0% | $82,543,956▲12.3% | 990 |
| 2016 | $36,611,934▲6.2% | $40,596,882▲4.3% | -$2,731,666▼318% | $73,528,931▲1.6% | 990 |
| 2015 | $34,488,543▲5.8% | $38,931,122▲7.0% | $1,253,282▼78.0% | $72,398,912▼2.4% | 990 |
| 2014 | $32,594,051▲12.1% | $36,400,380▲14.9% | $5,695,861▼40.1% | $74,215,193▲14.6% | 990 |
| 2013 | $29,082,338 | $31,673,357▲5.6% | $9,502,190▼21.4% | $64,773,193▲85.0% | 990 |
| 2012 | — | $29,988,575▲247% | $12,093,209▼10.8% | $35,009,237▼3.2% | 990 |
| 2011 | — | $8,645,969▲14.0% | $13,559,509▼12.4% | $36,168,639▲12.5% | 990 |
| 2010 | — | $7,581,160 | $15,474,967 | $32,153,337 | 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: Nadareca Thibeaux — $175,134 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nadareca Thibeaux | Dir, Loumed | 40 | $175,134 |
| Scott L Stanton | System Director Properties | 40 | $164,923 |
| Mark Spivey | Dir, Property Administration | 40 | $143,997 |
| Steven Morse | Dir, Safety and Security | 40 | $114,054 |
| Adam Kempf | Sr Vp & Cfao | 1 | — |
| Barry Pennybaker | Trustee | 0.5 | — |
| Craig D Grant | Vice Chair | 0.5 | — |
| Donald H Robinson | Trustee | 0.5 | — |
| Edie Nixon | Chair | 0.5 | — |
| Gail Lyttle | Trustee | 0.5 | — |
| Gary L Stewart | Trustee | 0.5 | — |
| G Hunt Rounsavall Sr | Trustee | 0.5 | — |
| Gregory E Mayes | Trustee | 0.5 | — |
| James L Sublett Md | Trustee (partial Year) | 0.5 | — |
| Joe Craig | Trustee | 0.5 | — |
| Judge Denise Clayton | Trustee | 0.5 | — |
| Lee K Garlove | Trustee | 0.5 | — |
| Maria Hampton | Trustee | 0.5 | — |
| Maria L Bouvette | Trustee | 0.5 | — |
| Martha K Heyburn Md | Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Abel Construction Co Inc | Electrical Contractor | $2,703,383 |
| Integrated Service Solutions | Cleaning Services | $652,238 |
| Intec Building Services Inc | Cleaning Services | $645,518 |
| Pine Tree Mechanical Co | Construction Services | $360,649 |
| Ready Electric Company Inc | Electrical Work | $324,919 |
Similar organizations in Health
Health
Owensboro Health Twin Lakes Regional Medical Center Inc
Owensboro, KY
$72.1M
Aannual revenue
Health
Grace Community Health Center Inc
Corbin, KY
$73.9M
Aannual revenue
- Health
American Eagle Lifecare Corporation
Lexington, KY
$82.9M
C+annual revenue
- Health
Ohio County Hospital Corporation
Hartford, KY
$84.3M
Aannual revenue
Health
Family Health Center
Louisville, KY
$60.8M
Dannual revenue
Health
Rockcastle County Hospital Inc
Mount Vernon, KY
$92.7M
B+annual revenue
Health
Memorial Hospital Inc
Manchester, KY
$93.7M
Aannual revenue
Health
Mountain Comprehensive Health Corporation
Whitesburg, KY
$93.7M
Aannual revenue
- Health
Jane Todd Crawford Memorialhospital Inc
Greensburg, KY
$94.3M
C+annual revenue
Health
Southeastern Kentucky Rehabilitation Industries Inc
Corbin, KY
$50.6M
Bannual revenue
Compare Norton Properties Inc
Frequently asked questions
- Is Norton Properties Inc a legitimate nonprofit?
- Yes. Norton Properties Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-1028724, based in Louisville, Kentucky. Donations are tax-deductible.
- What is Norton Properties Inc's EIN?
- Norton Properties Inc's Employer Identification Number (EIN) is 61-1028724.
- How much revenue does Norton Properties Inc report?
- Norton Properties Inc reported $72,680,476 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Norton Properties Inc's spending goes to programs?
- Norton Properties Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Norton Properties Inc have?
- CharityIndex grades Norton Properties Inc C, based on program efficiency and fundraising cost.
- How much does Norton Properties Inc's highest-paid employee make?
- The highest reported compensation on Norton Properties Inc's latest Form 990 is $175,134, paid to Nadareca Thibeaux (Dir, Loumed).
More nonprofits in Louisville
Explore more
Data for Norton Properties Inc (EIN 61-1028724) 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.