NORTON HEALTHCARE-INDIANA INC

EIN: 850513259 501(c)(3) Health Care

LOUISVILLE, KY

Total Revenue
$48,965,742
Total Expenses
$54,667,607
Total Assets
$113,664,669
Net Assets
$-5,701,865
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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
KY
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.

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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%)

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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

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Governance

Voting Members
17
Independent Members
16
Employees
1282
Volunteers
30

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
19
$3,517,645
Key Employees
0
$0
Highest Compensated
0
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
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