Norton Hospitals Inc

EIN: 610703799 501(c)(3) Health Care

Louisville, KY

Total Revenue
$2,999,781,942
Total Expenses
$2,612,252,937
Total Assets
$3,977,045,908
Net Assets
$3,840,966,000
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
KY
Phone
5026298263
Tax Period
2023-01-01 to 2023-12-31

Norton Hospitals Inc, founded in 1969, is a large national nonprofit in the Health Care sector that reported $3.0B in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.6B left a modest 13% surplus.

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,071,458
Program Service Revenue $2,985,477,061
Investment Income $0
Other Revenue $7,233,423
TOTAL REVENUE $2,999,781,942

Expense Breakdown

Grants Paid $0
Salaries & Benefits $987,222,821
Fundraising Expenses $0
Program Expenses $2,562,853,316
Other Expenses $1,625,030,116
TOTAL EXPENSES $2,612,252,937

Year-over-Year Comparison

2023 2022 Change
Revenue $2,999,781,942 $2,627,705,210 +0.1%
Expenses $2,612,252,937 $2,386,899,214 +0.1%
Net Income $387,529,005 $240,805,996 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
16
Employees
12838
Volunteers
743

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$8,153,713
Total Directors
23
$3,517,645
Key Employees
5
$4,078,636
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President & CEO/Trustee 10.0
Officer Director
$0 $417,106 $3,485,645
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Vice Chair 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $0
N/A Chair 1.0
Director
$0 $0 $2,000
N/A Trustee (PARTIAL YEAR) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee (PARTIAL YEAR) 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee (PARTIAL YEAR) 1.0
Director
$0 $0 $2,000
N/A Trustee (PARTIAL YEAR) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Chair Emeritus (partial year) 1.0
Director
$0 $0 $0
N/A Trustee (partial year) 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Trustee 1.0
Director
$0 $0 $2,000
N/A Sr VP, CFO/Treasurer 10.0
Officer
$0 $223,063 $1,364,768
N/A Exec VP and COO 10.0
Officer
$0 $288,832 $2,111,840
N/A Sr VP Chief Legal Officer/Secretary 10.0
Officer
$0 $169,876 $1,191,460
N/A Hospital CAO 29.0
Key Emp
$764,207 $153,109 $917,316
N/A Hospital CAO 49.0
Key Emp
$540,957 $108,957 $649,914
N/A CAO NMG - Physician -in-Chief NCI 50.0
Key Emp
$1,137,280 $157,348 $1,294,628
N/A Division VP Finance 50.0
Key Emp
$461,314 $94,078 $555,392
N/A Hospital CAO 49.0
Key Emp
$555,124 $106,262 $661,386
N/A Physician 50.0
Highest
$1,615,977 $80,836 $1,696,813
N/A Physician 50.0
Highest
$1,452,235 $59,846 $1,512,081
N/A Physician 50.0
Highest
$1,243,021 $43,725 $1,286,746
N/A Physician 50.0
Highest
$1,297,403 $55,963 $1,353,366
N/A Physician 50.0
Highest
$1,502,960 $60,345 $1,563,305
N/A Former Hospital CAO 0.0
$443,274 $50,636 $493,910
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $2,999,781,942 $2,612,252,937 $3,977,045,908 $387,529,005
2022 $2,627,705,210 $2,386,899,214 $3,620,090,960 $240,805,996
2021 $2,534,122,954 $2,177,121,424 $3,488,220,444 $357,001,530
2020 $2,122,710,248 $1,910,411,628 $3,193,313,774 $212,298,620
2019 $2,064,333,753 $1,813,916,667 $2,777,133,873 $250,417,086
2018 $2,023,498,973 $1,769,387,384 $2,551,346,959 $254,111,589
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Norton Hospitals Inc with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.