Nonprofit · EIN 61-1028724
NORTON PROPERTIES INC
Tax-exempt · LOUISVILLE, KY 40202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $72,680,476 | $82,278,352 | -$9,597,876 | $392,707,153 | $482,567,660 | -$89,860,507 |
| December 31, 2023 | 990 | $65,980,791 | $77,990,224 | -$12,009,433 | $399,852,945 | $480,115,576 | -$80,262,631 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,656
- Program service revenue
- $72,619,017
- Investment income
- $56,678
- Net gain from sales of assets
- $56,678
- Other revenue
- $3,125
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $1,867,251
- Salaries, compensation and benefits (total)
- $2,939,268
- Professional fundraising fees
- $0
- Legal fees
- $1,502
- Occupancy
- $50,355,245
- Travel
- $1,850
- Depreciation
- $14,195,630
- Program services (functional)
- $81,151,751
- Management and general (functional)
- $1,126,601
Balance sheet and other
- Total assets, start of year
- $399,852,945
- Total assets, end of year
- $392,707,153
- Total liabilities, end of year
- $482,567,660
- Net assets, end of year
- -$89,860,507
- Land, buildings and equipment
- $174,464,528
- Net assets without donor restrictions
- -$89,862,163
- Net assets with donor restrictions
- $1,656
- Gross receipts
- $73,801,967
- Employees
- 109
- Volunteers
- 2
- Year formed
- 1981
- 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 | 1 | $0 | $3,633,654 | $482,184 |
| Michael W Gough | Exec VP and COO (partial year) Officer | 1 | $0 | $3,200,723 | $16,296 |
| Adam Kempf | Sr VP & CFAO Officer | 1 | $0 | $1,418,297 | $241,646 |
| Robert B Azar | Sr VP Chief Legal Officer/Secretary Officer | 1 | $0 | $1,125,537 | $176,992 |
| Mark Spivey | Dir, Property Administration Highest-paid employee | 40 | $143,997 | $0 | $74,676 |
| Scott L Stanton | System Director Properties Highest-paid employee | 40 | $164,923 | $0 | $35,110 |
| Nadareca Thibeaux | Dir, LouMed Highest-paid employee | 40 | $175,134 | $0 | $938 |
| Steven Morse | Dir, Safety and Security Highest-paid employee | 40 | $114,054 | $0 | $20,695 |
| Barry Pennybaker | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Craig D Grant | Vice Chair Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Edie Nixon | Chair Trustee or director | 0.5 | $0 | $2,000 | $0 |
| G Hunt Rounsavall Sr | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Gail Lyttle | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Gary L Stewart | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Gregory E Mayes | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| James L Sublett MD | Trustee (PARTIAL YEAR) Trustee or director | 0.5 | $0 | $2,000 |
| Joe Craig | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Judge Denise Clayton | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Lee K Garlove | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Maria Hampton | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Maria L Bouvette | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Martha K Heyburn MD | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Richard R Ivey | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Ronald Lehocky MD | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Sue Davis EdD RN | Trustee Trustee or director | 0.5 | $0 | $2,000 |
| Donald H Robinson | Trustee Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Russell F Cox | President & CEO/Trustee Trustee or director, Officer | 1 | $0 | $3,068,539 | $417,106 |
| Michael W Gough | Exec VP and COO Officer | 1 | $0 | $1,823,008 | $288,832 |
| Adam Kempf | Sr VP, CFO/Treasurer Officer | 1 | $0 | $1,141,705 | $223,063 |
| Robert B Azar | Sr VP Chief Legal Officer/Secretary Officer | 1 | $0 | $1,021,584 | $169,876 |
| Scott L Stanton | Dir, Property Planning & Mgmt Highest-paid employee | 40 | $153,501 | $0 | $38,777 |
| Mark Spivey | Dir, Properties Highest-paid employee | 40 | $132,484 | $0 | $46,672 |
| Steven Morse | Dir, Safety and Security Highest-paid employee | 40 | $121,748 | $0 | $28,586 |
| Barry Pennybaker | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Craig D Grant | Vice Chair Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Edie Nixon | Chair Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Gail Lyttle | Trustee (PARTIAL YEAR) Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Gary L Stewart | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Gregory E Mayes | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| James L Sublett MD | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Joe Craig | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Judge Denise Clayton | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Lee K Garlove | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Maria Hampton | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Maria L Bouvette | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Martha K Heyburn MD | Trustee (PARTIAL YEAR) Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Richard R Ivey | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Ronald Lehocky MD | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Sue Davis EdD RN | Trustee Trustee or director | 0.5 | $0 | $2,000 | $0 |
| Donald H Robinson | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Erwin Roberts | Trustee (PARTIAL YEAR) Trustee or director | 0.5 | $0 | $0 | $0 |
| G Hunt Rounsavall Sr | Trustee Trustee or director | 0.5 | $0 | $0 | $0 |
| Rev William J Schultz | Trustee (PARTIAL YEAR) Trustee or director | 0.5 | $0 | $0 | $0 |
| Richard S Wolf MD | Chair Emeritus (partial year) Trustee or director | 0.5 | $0 | $0 | $0 |
| Rita Hudson Shourds EdD | Trustee (partial year) Trustee or director | 0.5 | $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, SRVP & CFO
- Phone
- (502) 629-8263
- Website
- WWW.NORTONHEALTHCARE.COM
- Return prepared by
- CROWE LLP
Mission
Norton Properties, Inc. (Properties) owns properties that are used to support the charitable health care purposes of Norton Healthcare, Inc. (NHC), primarily of Norton Hospitals, Inc. (Hospitals), Community Medical Associates, Inc. and NHC. Properties owns medical office buildings that are leased by physicians on the medical staff of Hospitals. It also leases office space and parking facilities for the convenience of NHC employees, physicians of the medical staff of Hospitals, and guests.
Program accomplishments
- Building and Parking Rental - Maintain office and parking facilities near the Norton Healthcare, Inc.; Norton Hospitals, Inc.; and Community Medical Associates, Inc., hospital, diagnostic, and practice locations for use by physicians, patients, patients' families and guests, and hospital employees.Expenses $81,151,751 · revenue $72,622,142
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
- 61-1028724
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E110)
- Assets (IRS master file)
- $392,707,153
- Income (IRS master file)
- $73,801,967
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $72,680,476 | $82,278,352 | $392,707,153 | IRS |
| 990 | December 2023 | $65,980,791 | $77,990,224 | $399,852,945 | XML |
| 990 | December 2022 | $61,245,122 | $73,863,181 | $367,229,995 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | 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 61-1028724).
Questions about NORTON PROPERTIES INC
- What is the EIN of NORTON PROPERTIES INC?
- The employer identification number (EIN) of NORTON PROPERTIES INC is 61-1028724.
- Is NORTON PROPERTIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to NORTON PROPERTIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NORTON PROPERTIES 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 PROPERTIES 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 PROPERTIES 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 PROPERTIES INC?
- The 990 for the year ended December 31, 2024 names RUSSELL F COX.
- Who are the officers and directors of NORTON PROPERTIES INC?
- The 990 for the year ended December 31, 2024 lists 26 people; 4 received compensation from the organization.
- How much revenue does NORTON PROPERTIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $72,680,476, expenses of $82,278,352 and total assets of $392,707,153 at year end.
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- NORTON HOSPITALS INC EIN 61-0703799 · last filed 990 for 2024
- UOFL HEALTH-LOUISVILLE INC EIN 84-3178470 · last filed 990 for 2025
- UNIVERSITY MEDICAL CENTER INC EIN 61-1293786 · last filed 990 for 2025
- COMMUNITY MEDICAL ASSOCIATES INC EIN 61-1276316 · last filed 990 for 2024
- BAPTIST HEALTH MEDICAL GROUP INC EIN 20-5497203 · last filed 990 for 2025
- NORTON HEALTHCARE INC EIN 61-1028725 · last filed 990 for 2024
- UNIVERSITY OF LOUISVILLE PHYSICIANS INC EIN 27-3645560 · last filed 990 for 2025