Nonprofit · EIN 61-1028725
NORTON HEALTHCARE INC
Tax-exempt · LOUISVILLE, KY 40202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $759,365,626 | $734,469,947 | $24,895,679 | $2,604,396,769 | $2,331,085,105 | $273,311,664 |
| December 31, 2023 | 990 | $607,102,092 | $580,119,586 | $26,982,506 | $2,403,379,569 | $2,195,789,381 | $207,590,188 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,670,810
- Program service revenue
- $592,291,987
- Investment income
- $112,410,264
- Net gain from sales of assets
- $18,265,322
- Tax-exempt bond proceeds
- $4,642,390
- Other revenue
- $49,992,565
Expenses
- Grants and similar amounts paid
- $51,377,832
- Compensation of officers, directors and key employees
- $25,833,050
- Other salaries and wages
- $236,080,289
- Salaries, compensation and benefits (total)
- $322,980,399
- Professional fundraising fees
- $0
- Legal fees
- $5,288,773
- Accounting fees
- $909,996
- Occupancy
- $10,869,468
- Travel
- $989,846
- Depreciation
- $26,371,030
- Program services (functional)
- $620,065,679
- Management and general (functional)
- $114,404,268
Balance sheet and other
- Total assets, start of year
- $2,403,379,569
- Total assets, end of year
- $2,604,396,769
- Total liabilities, end of year
- $2,331,085,105
- Net assets, end of year
- $273,311,664
- Land, buildings and equipment
- $100,181,330
- Publicly traded securities
- $1,402,548,141
- Net assets without donor restrictions
- $264,770,907
- Net assets with donor restrictions
- $8,540,757
- Gross unrelated business income
- -$694,276
- Gross receipts
- $1,220,571,600
- Employees
- 5,716
- Volunteers
- 1
- Year formed
- 1983
- 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 | 30 | $3,633,654 | $0 | $482,184 |
| Michael W Gough | Exec VP and COO (partial year) Officer | 30 | $3,200,723 | $0 | $16,296 |
| Steven Hester MD | Senior VP & Chief Clinical and Strategy Office Key employee | 50 | $1,641,761 | $0 | $307,880 |
| Adam Kempf | Sr VP & CFAO Officer | 30 | $1,418,297 | $0 | $241,646 |
| Robert B Azar | Sr VP Chief Legal Officer/Secretary Officer | 30 | $1,125,537 | $0 | $176,992 |
| Steve Ready | Sr VP & CIO Key employee | 50 | $1,083,319 | $0 | $213,455 |
| Charlotte Ipsan | Senior VP & Chief Hospital Officer Key employee | 21 | $1,044,527 | $0 | $185,407 |
| Douglas Winkelhake | Sys VP Norton Neurology Institute tho Key employee | 50 | $942,990 | $0 | $170,319 |
| Scott Watkins | Senior VP & Chief Integration and Performance Officer Key employee | 49 | $851,210 | $0 | $180,750 |
| James Frazier MD | Sys VP & Chief Medical Office Key employee | 50 | $864,617 | $0 | $152,220 |
| Kimberly Tharp-Barrie | Sr VP, CNO Key employee | 50 | $801,010 | $0 | $149,505 |
| Steven Heilman MD | Sys VP & Chief Medical Information Officer Key employee | 50 | $801,186 | $0 | $144,189 |
| Mary Lynn Meyer | Sr VP WCCP/ CDO Key employee | 32 | $536,938 | $254,712 | $128,645 |
| John Hammond | Senior VP & Chief Human Resources Officer Key employee | 50 | $719,020 | $0 | $149,007 |
| Renee Murphy | Sr VP, Chief Marketing & Communications Officer Key employee | 50 | $707,522 | $0 | $119,308 |
29 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Shelley Gast | Senior VP & Chief Revenue Officer Key employee | 50 | $631,613 | $0 | $106,182 |
| Jim Meyers | Sys VP, Revenue Cycle Key employee | 50 | $610,820 | $0 | $120,479 |
| Andrew McCarthy | Sys VP, Facilities Management Highest-paid employee | 50 | $590,016 | $0 | $107,655 |
| Mark Kircher | Division VP, Finance Key employee | 50 | $538,726 | $0 | $103,368 |
| Stephen Wyatt MD | Chief Research Executive Highest-paid employee | 50 | $598,075 | $0 | $33,911 |
| Mark McDonald | Sys VP Pediatric Medical Affairs Highest-paid employee | 50 | $624,887 | $0 | $3,681 |
| Mark Moussette | Sys VP, Chief Technology Officer Highest-paid employee | 50 | $505,162 | $0 | $99,264 |
| Helena Schulz | Sys VP, Treasurer Highest-paid employee | 50 | $500,763 | $0 | $99,024 |
| Tammy McClanahan | SYS VP Cancer & Hospital Outpatient Service Line Key employee | 50 | $490,139 | $0 | $105,610 |
| Vanessa Garrett | SYS VP Chief Audit, Compliance & Privacy Officer Key employee | 50 | $485,902 | $0 | $101,476 |
| Laura Chandler | SRVP Administration & Governance and Chief of Staff Key employee | 50 | $494,326 | $0 | $1,075 |
| Barry Pennybaker | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Craig D Grant | Vice Chair Trustee or director | 2 | $2,000 | $0 | $0 |
| Edie Nixon | Chair Trustee or director | 13 | $2,000 | $0 | $0 |
| G Hunt Rounsavall Sr | Trustee Trustee or director | 4 | $2,000 | $0 | $0 |
| Gail Lyttle | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Gary L Stewart | Trustee Trustee or director | 4 | $2,000 | $0 | $0 |
| Gregory E Mayes | Trustee Trustee or director | 3 | $2,000 | $0 | $0 |
| James L Sublett MD | Trustee (PARTIAL YEAR) Trustee or director | 1 | $2,000 | $0 | $0 |
| Joe Craig | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Judge Denise Clayton | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Lee K Garlove | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Maria Hampton | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Maria L Bouvette | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Martha K Heyburn MD | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Richard R Ivey | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Ronald Lehocky MD | Trustee Trustee or director | 3 | $2,000 | $0 | $0 |
| Sue Davis EdD RN | Trustee Trustee or director | 3 | $2,000 | $0 | $0 |
| Donald H Robinson | Trustee Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 46 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Russell F Cox | President & CEO/Trustee Trustee or director, Officer | 30 | $3,068,539 | $0 | $417,106 |
| Michael W Gough | Exec VP and COO Officer | 30 | $1,823,008 | $0 | $288,832 |
| Steven Hester MD | Div President Provider Ops & Sys CMO Key employee | 50 | $1,436,243 | $0 | $257,713 |
| Adam Kempf | Sr VP, CFO/Treasurer Officer | 30 | $1,141,705 | $0 | $223,063 |
| Douglas Winkelhake | Division President Key employee | 50 | $1,007,833 | $0 | $208,931 |
| Robert B Azar | Sr VP Chief Legal Officer/Secretary Officer | 30 | $1,021,584 | $0 | $169,876 |
| Steve Ready | Sr VP & CIO Key employee | 50 | $892,423 | $0 | $184,876 |
| James Frazier MD | VP Medical Affairs Key employee | 50 | $785,327 | $0 | $144,679 |
| Scott Watkins | Sr VP Operations Key employee | 50 | $764,256 | $0 | $158,271 |
| Charlotte Ipsan | Senior VP and Chief Hospital Officer Key employee | 21 | $0 | $764,207 | $153,109 |
| Gladys Abarca-Lopez | Sr VP Chief HR Officer Key employee | 50 | $851,180 | $0 | $60,203 |
| Steven Heilman MD | Sr VP & Chief Innovation Officer Key employee | 50 | $750,407 | $0 | $158,691 |
| Mary Lynn Meyer | Sr VP WCCP/ CDO Key employee | 32 | $700,811 | $0 | $125,097 |
| Kimberly Tharp-Barrie | Sr VP & CNO Key employee | 50 | $680,721 | $0 | $118,225 |
| Jennifer Evans MD | Sys VP Women's & Pediatric Svc Line Highest-paid employee | 50 | $697,660 | $0 | $44,258 |
| Jim Meyers | Sys VP Revenue Cycle Key employee | 50 | $554,991 | $0 | $120,108 |
| John Hammond | Interim Vice President, Human Resources Key employee | 40 | $514,987 | $0 | $135,059 |
| Mark Kircher | Division VP Finance Key employee | 50 | $533,188 | $0 | $93,983 |
| Shelly Gast | Sys VP Mngd Care & Payor Strategy Key employee | 50 | $528,711 | $0 | $96,501 |
| Kathleen Exline | Sys VP Perf Excel & Care Continium Key employee | 50 | $516,403 | $0 | $93,934 |
| Stephen Wyatt MD | Chief Research Executive Highest-paid employee | 50 | $571,954 | $0 | $30,173 |
| Mark Moussette | Sys VP IT Operations and Development Highest-paid employee | 50 | $486,924 | $0 | $95,511 |
| Andrew McCarthy | Sys VP Facilities Management Highest-paid employee | 50 | $480,400 | $0 | $98,345 |
| Byron Lewis | Sys VP Health Policy Highest-paid employee | 50 | $476,410 | $0 | $97,198 |
| Barry Pennybaker | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Craig D Grant | Vice Chair Trustee or director | 2 | $2,000 | $0 | $0 |
| Edie Nixon | Chair Trustee or director | 13 | $2,000 | $0 | $0 |
| Gail Lyttle | Trustee (PARTIAL YEAR) Trustee or director | 1 | $2,000 | $0 | $0 |
| Gary L Stewart | Trustee Trustee or director | 4 | $2,000 | $0 | $0 |
| Gregory E Mayes | Trustee Trustee or director | 3 | $2,000 | $0 | $0 |
| James L Sublett MD | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Joe Craig | Trustee Trustee or director | 1 | $0 | $2,000 | $0 |
| Judge Denise Clayton | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Lee K Garlove | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Maria Hampton | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Maria L Bouvette | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Martha K Heyburn MD | Trustee (PARTIAL YEAR) Trustee or director | 1 | $2,000 | $0 | $0 |
| Richard R Ivey | Trustee Trustee or director | 1 | $2,000 | $0 | $0 |
| Ronald Lehocky MD | Trustee Trustee or director | 3 | $2,000 | $0 | $0 |
| Sue Davis EdD RN | Trustee Trustee or director | 3 | $2,000 | $0 | $0 |
| Donald H Robinson | Trustee Trustee or director | 4 | $0 | $0 | $0 |
| Erwin Roberts | Trustee (PARTIAL YEAR) Trustee or director | 1 | $0 | $0 | $0 |
| G Hunt Rounsavall Sr | Trustee Trustee or director | 4 | $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) 629-8249
- Website
- WWW.NORTONHEALTHCARE.COM
- Return prepared by
- CROWE LLP
Mission
Norton Healthcare'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 accomplishments
- Norton Healthcare Inc. is a not-for-profit corporation serving adult and pediatric patients from throughout Greater Louisville, Southern Indiana, the commonwealth of Kentucky and beyond. The not-for-profit hospital and health care system has six Louisville-based hospitals and three hospitals in Southern Indiana. Norton Healthcare expanded services in 2024 with the addition of Norton West Louisville Hospital. This new hospital adds to the recent additions of Norton King's Daughters Health in 2022 and Norton Clark Hospital and Norton Scott Hospital in 2023. 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. (Continued on Schedule O)Expenses $620,065,679 · grants $51,377,832 · revenue $755,389,092
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
- 61-1028725
- 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 (E210)
- Assets (IRS master file)
- $2,604,396,769
- Income (IRS master file)
- $1,220,571,600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $759,365,626 | $734,469,947 | $2,604,396,769 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $607,102,092 | $580,119,586 | $2,403,379,569 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $569,215,201 | $530,549,416 | $2,441,255,153 | IRS |
| 990-T | December 2022 | – | – | – | 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 61-1028725).
Questions about NORTON HEALTHCARE INC
- What is the EIN of NORTON HEALTHCARE INC?
- The employer identification number (EIN) of NORTON HEALTHCARE INC is 61-1028725.
- Is NORTON HEALTHCARE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to NORTON HEALTHCARE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NORTON HEALTHCARE 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 HEALTHCARE 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 HEALTHCARE 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 HEALTHCARE INC?
- The 990 for the year ended December 31, 2024 names RUSSELL F COX.
- Who are the officers and directors of NORTON HEALTHCARE INC?
- The 990 for the year ended December 31, 2024 lists 44 people; 42 received compensation from the organization, the highest $3,633,654 (Russell F Cox, President & CEO/Trustee).
- How much revenue does NORTON HEALTHCARE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $759,365,626, expenses of $734,469,947 and total assets of $2,604,396,769 at year end.
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