Nonprofit · EIN 61-0703799
NORTON HOSPITALS INC
Tax-exempt · LOUISVILLE, KY 40202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,371,281,873 | $2,825,918,892 | $545,362,981 | $4,590,299,021 | $204,135,571 | $4,386,163,450 |
| December 31, 2023 | 990 | $2,999,781,942 | $2,612,252,937 | $387,529,005 | $3,977,045,908 | $136,079,908 | $3,840,966,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,203,415
- Program service revenue
- $3,347,858,249
- Investment income
- -$92,162
- Net rental income
- -$348,376
- Net gain from sales of assets
- -$92,162
- Other revenue
- $9,312,371
Expenses
- Grants and similar amounts paid
- $1,200,000
- Compensation of officers, directors and key employees
- $4,020,125
- Other salaries and wages
- $839,881,742
- Salaries, compensation and benefits (total)
- $1,044,179,021
- Professional fundraising fees
- $0
- Occupancy
- $29,511,420
- Travel
- $960,603
- Depreciation
- $93,756,559
- Program services (functional)
- $2,772,865,805
- Management and general (functional)
- $53,053,087
Balance sheet and other
- Total assets, start of year
- $3,977,045,908
- Total assets, end of year
- $4,590,299,021
- Total liabilities, end of year
- $204,135,571
- Net assets, end of year
- $4,386,163,450
- Land, buildings and equipment
- $890,268,714
- Net assets without donor restrictions
- $4,377,941,672
- Net assets with donor restrictions
- $8,221,778
- Gross receipts
- $3,372,703,478
- Employees
- 14,235
- Volunteers
- 809
- Year formed
- 1969
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Russell F Cox | President & CEO/Trustee Trustee or director, Officer | 10 | $0 | $3,633,654 | $482,184 |
| Michael W Gough | Exec VP and COO (partial year) Officer | 10 | $0 | $3,200,723 | $16,296 |
| Paul Tennant MD | Physician Highest-paid employee | 50 | $1,704,289 | $0 | $81,061 |
| Aaron Spalding MD | Physician Highest-paid employee | 50 | $1,652,767 | $0 | $109,009 |
| Adam Kempf | Sr VP & CFAO Officer | 10 | $0 | $1,418,297 | $241,646 |
| Joseph Maly MD | Physician Highest-paid employee | 50 | $1,465,771 | $0 | $64,145 |
| Mia Jusufbegovic MD | Physician Highest-paid employee | 50 | $1,380,109 | $0 | $9,210 |
| Robert B Azar | Sr VP Chief Legal Officer/Secretary Officer | 10 | $0 | $1,125,537 | $176,992 |
| Charlotte Ipsan | Hospital CAO Key employee | 29 | $0 | $1,044,527 | $185,407 |
| Joseph Flynn DO | CAO NMG - Physician -in-Chief NCI Key employee | 50 | $1,055,175 | $0 | $162,437 |
| Chandler Park MD | Physician Highest-paid employee | 50 | $1,073,796 | $0 | $1,292 |
| Matthew Ayers | Sys VP, Associate Chief Hospital Officer Key employee | 49 | $627,189 | $0 | $116,793 |
| Randy Hamilton | Chief Administrative Officer Key employee | 50 | $555,745 | $0 | $89,083 |
| Karen Donahue | Division VP Finance Key employee | 50 | $512,387 | $0 | $89,384 |
| Emmett Ramser | Former Hospital CAO Former | 0 | $511,628 | $0 | $34,578 |
21 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jeremy Sprecher | Chief Administrative Officer Key employee | 50 | $374,986 | $0 | $84,291 |
| Corenza Townsend | Chief Administrative Officer Key employee | 50 | $302,994 | $0 | $49,661 |
| Andrew Strausbaugh | Former Hospital CAO Former | 0 | $131,309 | $0 | $12,183 |
| Barry Pennybaker | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Craig D Grant | Vice Chair Trustee or director | 1 | $0 | $2,000 | $0 |
| Edie Nixon | Chair Trustee or director | 1 | $0 | $2,000 | $0 |
| G Hunt Rounsavall Sr | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Gail Lyttle | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Gary L Stewart | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Gregory E Mayes | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| James L Sublett MD | Trustee (PARTIAL YEAR) Trustee or director | 1 | $0 | $2,000 | $0 |
| Joe Craig | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Judge Denise Clayton | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Lee K Garlove | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Maria Hampton | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Maria L Bouvette | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Martha K Heyburn MD | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Richard R Ivey | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Ronald Lehocky MD | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Sue Davis EdD RN | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Donald H Robinson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Russell F Cox | President & CEO/Trustee Trustee or director, Officer | 10 | $0 | $3,068,539 | $417,106 |
| Michael W Gough | Exec VP and COO Officer | 10 | $0 | $1,823,008 | $288,832 |
| Aaron Spalding MD | Physician Highest-paid employee | 50 | $1,615,977 | $0 | $80,836 |
| Shawn Glisson MD | Physician Highest-paid employee | 50 | $1,502,960 | $0 | $60,345 |
| Joseph Maly MD | Physician Highest-paid employee | 50 | $1,452,235 | $0 | $59,846 |
| Adam Kempf | Sr VP, CFO/Treasurer Officer | 10 | $0 | $1,141,705 | $223,063 |
| Paul Tennant | Physician Highest-paid employee | 50 | $1,297,403 | $0 | $55,963 |
| Joseph Flynn DO | CAO NMG - Physician -in-Chief NCI Key employee | 50 | $1,137,280 | $0 | $157,348 |
| Muneeb Choudry MD | Physician Highest-paid employee | 50 | $1,243,021 | $0 | $43,725 |
| Robert B Azar | Sr VP Chief Legal Officer/Secretary Officer | 10 | $0 | $1,021,584 | $169,876 |
| Charlotte Ipsan | Hospital CAO Key employee | 29 | $764,207 | $0 | $153,109 |
| Matthew Ayers | Hospital CAO Key employee | 49 | $555,124 | $0 | $106,262 |
| Emmett Ramser | Hospital CAO Key employee | 49 | $540,957 | $0 | $108,957 |
| Karen Donahue | Division VP Finance Key employee | 50 | $461,314 | $0 | $94,078 |
| Andrew Strausbaugh | Former Hospital CAO Former | 0 | $443,274 | $0 | $50,636 |
| Barry Pennybaker | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Craig D Grant | Vice Chair Trustee or director | 1 | $0 | $2,000 | $0 |
| Edie Nixon | Chair Trustee or director | 1 | $0 | $2,000 | $0 |
| Gail Lyttle | Trustee (PARTIAL YEAR) Trustee or director | 1 | $0 | $2,000 | $0 |
| Gary L Stewart | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Gregory E Mayes | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| James L Sublett MD | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Joe Craig | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Judge Denise Clayton | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Lee K Garlove | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Maria Hampton | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Maria L Bouvette | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Martha K Heyburn MD | Trustee (PARTIAL YEAR) Trustee or director | 1 | $0 | $2,000 | $0 |
| Richard R Ivey | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Ronald Lehocky MD | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Sue Davis EdD RN | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Donald H Robinson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Erwin Roberts | Trustee (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 | $0 |
| G Hunt Rounsavall Sr | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rev William J Schultz | Trustee (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 | $0 |
| Richard S Wolf MD | Chair Emeritus (partial year) Trustee or director | 1 | $0 | $0 | $0 |
| Rita Hudson Shourds EdD | Trustee (partial year) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- ACCOUNTING 224 E BROADWAY 5TH FLOOR, LOUISVILLE, KY 40202-0000
- Principal officer (990 for 2024)
- RUSSELL F COX, 4967 US Highway 42 Suite 100, Louisville, KY 40222
- Signed the 990
- Adam Kempf, Senior VP & CFAO
- Phone
- (502) 629-8263
- Website
- www.nortonhealthcare.com
- Return prepared by
- CROWE LLP
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.
Program accomplishments
- 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. Norton Healthcare expanded services in 2024 with the addition of Norton West Louisville Hospital. Norton West Louisville Hospital opened in November 2024. The hospital offers comprehensive services, including adult and pediatric primary care physician offices, emergency department services, inpatient services and outpatient functions. Imaging services, including X-rays and CT scans, are available, along with specialty services such as women's health, cardiology, neurology and endocrinology. Some physician offices offer evening hours as well. NHI has a total of 1,907 licensed beds, Norton Hospital - 585 beds; Norton Children's Hospital - 300 beds; Norton Audubon Hospital - 432 beds; Norton Women's and Children's Hospital - 373 beds; Norton Brownsboro Hospital - 197 beds; and Norton West Louisville Hospital - 20 beds. These hospitals operate twenty-four (24) hours a day, seven (7) days a week. In 2024, NHI's hospitals, diagnostic centers and Norton Cancer Institute served 71,587 inpatients, 750,552 outpatients, 265,104 emergency department visits, and 31,369 observation cases. In addition, NHI's operating rooms cared for 17,479 inpatient surgical patients and 42,716 outpatient surgical patients. Additionally, 8,138 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 2024, under its charity care program, NHI provided free care to 11,860 patients, at a cost of $15.7 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, 17,715 patients were provided care at discounted rates. Another contribution to the community was educational support of $98.3 million, primarily to the University of Louisville (UofL) School of Medicine. Community health improvement services totaled $22.3 million and contributions to community groups were $2.2 million. NHC provides programmatic support to the UofL School of Medicine through funding and facilities. During the 2024 calendar year, 208 residents completed clinical rotations in 52 specialties at NHC facilities. Residency programs are part of the $98.3 million in educational support and clinical funding provided to the medical school.Expenses $2,772,865,805 · grants $1,200,000 · revenue $3,355,279,920
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0703799
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E220)
- Assets (IRS master file)
- $4,590,299,021
- Income (IRS master file)
- $3,372,703,478
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,371,281,873 | $2,825,918,892 | $4,590,299,021 | IRS |
| 990 | December 2023 | $2,999,781,942 | $2,612,252,937 | $3,977,045,908 | XML |
| 990 | December 2022 | $2,627,705,210 | $2,386,899,214 | $3,620,090,960 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0703799).
Questions about NORTON HOSPITALS INC
- What is the EIN of NORTON HOSPITALS INC?
- The employer identification number (EIN) of NORTON HOSPITALS INC is 61-0703799.
- Is NORTON HOSPITALS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to NORTON HOSPITALS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTON HOSPITALS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTON HOSPITALS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTON HOSPITALS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTON HOSPITALS INC?
- The 990 for the year ended December 31, 2024 names RUSSELL F COX.
- Who are the officers and directors of NORTON HOSPITALS INC?
- The 990 for the year ended December 31, 2024 lists 36 people; 13 received compensation from the organization.
- How much revenue does NORTON HOSPITALS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,371,281,873, expenses of $2,825,918,892 and total assets of $4,590,299,021 at year end.
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