NORTON HEALTHCARE-INDIANA INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Phone

5026293409

Tax Period

2023-01-01 to 2023-12-31

NORTON HEALTHCARE-INDIANA INC, founded in 2020, is a mid-sized nonprofit in the Health Care sector that reported $49.0M in total revenue in fiscal year 2023. Expenses of $54.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

Norton Healthcare-Indiana, 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 honors our faith heritage.

Program Service Accomplishments

Program 1

Expenses: $54,482,114 Revenue: $48,850,160

Norton Healthcare-Indiana, Inc. (NHC-IN) was formed to: I) provide on a tax-exempt basis, hospital or health care facilities and services for the care and treatment of ill and injured persons and...

Norton Healthcare-Indiana, Inc. (NHC-IN) was formed to: I) provide on a tax-exempt 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 and 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; operate programs for the prevention of health care services. NHC-IN has a total of 261 licensed beds, Norton Clark Hospital, LLC - 236 beds and Norton Scott Hospital, LLC - 25 beds. These hospitals operate twenty-four (24) hours a day, seven (7) days a week. From September 29, 2023 (acquisition date) through December 31, 2023, NHC-IN's hospitals served 2,039 inpatients, 21,697 outpatients, 11,704 emergency department visits, and 1,023 observation cases. In addition, NHC-IN's operating rooms cared for 491 inpatient surgical patients and 1,795 outpatient surgical patients. Additionally, 251 deliveries were performed at NHC-IN.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,396,386

Investment Income $0

Other Revenue $569,356

TOTAL REVENUE $48,965,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,667,997

Fundraising Expenses $0

Program Expenses $54,482,114

Other Expenses $28,999,610

TOTAL EXPENSES $54,667,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,965,742	N/A	N/A
Expenses	$54,667,607	N/A	N/A
Net Income	$-5,701,865	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

1282

Volunteers

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

$8,153,713

Total Directors

$3,517,645

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	President & CEO/Trustee	1.0	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	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	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	Sr VP, CFO/Treasurer	1.0	Officer	$0	$223,063	$1,364,768
N/A	Exec VP and COO	1.0	Officer	$0	$288,832	$2,111,840
N/A	Sr VP Chief Legal Officer/Secretary	1.0	Officer	$0	$169,876	$1,191,460

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	$48,965,742	$54,667,607	$113,664,669	$-5,701,865