Louisville, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Norton Hospitals, Inc. (NHI) was formed to: I) provide on a nonprofit basis, hospital or health care facilities and services for the care and treatment of ill and injured persons and those who...
Norton Hospitals, Inc. (NHI) was formed to: I) provide on a nonprofit basis, hospital or health care facilities and services for the care and treatment of ill and injured persons and those who otherwise require medical care and related services of the kind customarily furnished most effectively by hospitals or health care facilities; II) conduct educational activities related to rendering care to the sick and injured; III) promote and conduct scientific research related to the care of the sick and injured. NHI has a total of 1,907 licensed beds, Norton Hospital - 605 beds; Norton Children's Hospital - 300 beds; Norton Audubon Hospital - 432 beds; Norton Women's and Children's Hospital - 373 beds; and Norton Brownsboro Hospital - 197 beds. These hospitals operate twenty-four (24) hours a day, seven (7) days a week. In 2023, NHI's hospitals, diagnostic centers and Norton Cancer Institute served 67,543 inpatients, 699,244 outpatients, 261,014 emergency department visits, and 34,907 observation cases. In addition, NHI's operating rooms cared for 16,908 inpatient surgical patients and 41,152 outpatient surgical patients. Additionally, 8,477 deliveries were performed at NHI birthing centers. As part of our commitment to improving the health of our community, NHI provides funding for a wide array of lifesaving and life-enhancing services that benefit the communities we serve. In 2023, under its charity care program, NHI provided free care to 4,407 patients, at a cost of $21.1 million. Also, Norton Healthcare, Inc. (NHC), parent company of NHI, grants a discount from billed charges to any patients who have no access to private health insurance or do not qualify for government assistance or charity care. Under this program, 6,812 patients were provided care at discounted rates. Another contribution to the community was educational support of $76.1 million, primarily to the University of Louisville (UofL) School of Medicine. Community health improvement services totaled $48 million and contributions to community groups were $2.3 million. NHC provides programmatic support to the UofL School of Medicine through funding and facilities. During the 2023 calendar year, 206 residents completed clinical rotations in 53 specialties at NHC facilities. Residency programs are part of the $76.1 million in educational support and clinical funding provided to the medical school.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
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