Norton - Kings Daughters Health Inc
- Assets
- $327.7m
- Revenue
- $141.3m
- Investments
- $0.0
- Employees
- 1,102
- Location
- Madison, IN
- Founding
- 10/1941
- Data as of
- 12/2020
- EIN
- 35-0895832
Organization Overview
Norton - Kings Daughters Health Inc, operating under the name King's Daughters' Health, is located in Madison, IN. The organization was established in 1941. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, King's Daughters' Health employed 1,102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King's Daughters' Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, King's Daughters' Health generated $141.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $123.0m during the year ending 12/2020. While expenses have increased by 0.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH OF THE HOSPITAL'S PATIENTS THROUGH CARE, SERVICE, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTON - KING'S DAUGHTERS' HEALTH, INC. IS A NOT-FOR-PROFIT, ACUTE CARE HOSPITAL LOCATED IN MADISON, INDIANA. THE HOSPITAL IS ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTHCARE SERVICES TO THE RESIDENTS OF JEFFERSON COUNTY AND THE SURROUNDING AREA.DURING THE CALENDAR YEAR 2021, THE HOSPITAL PROVIDED HEALTHCARE TO PATIENTS AT THE FOLLOWING LEVELS:10,786 DAYS OF CARE TO ACUTE INPATIENTS997 DAYS OF CARE TO NEWBORN INFANTS210,482 ASSOCIATED WITH HOSPITAL OUTPATIENTS131,028 VISITS ASSOCIATED WITH PHYSICIAN CLINICS
THE HOSPITAL'S PRIMARY SOURCES OF SUPPORT ARE FROM PATIENT REVENUES. PATIENT REVENUES INCLUDE FUNDS RECEIVED FROM MEDICARE, STATE AGENCIES, INSURANCE COMPANIES, AND THE PATIENTS THEMSELVES. IN 2021, KING'S DAUGHTERS' HEALTH PROVIDED SERVICES TOTALING $1,742,749 IN GROSS CHARGES TO PATIENTS WHO MET THE HOSPITAL'S CHARITY CARE POLICY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Polley MD Employed Physician | 40 | $1,151,724 | |
Raymonda Stevens MD Employed Physician | 40 | $966,520 | |
Thomas Eckert MD Employed Physician | 40 | $695,765 | |
Kenneth Mackinlay MD Employed Physician | 40 | $674,516 | |
Jonathan Hanson MD Board Member/physician | Trustee | 40 | $456,098 |
William Skiles MD Employed Physician | 40 | $448,843 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emcare Inc Contracted Physician & Mid Level Provide | 12/30/21 | $975,865 |
Kaufman Hall & Associates Financial Consulting Services | 12/30/21 | $1,055,719 |
Hall Render Killian Heath & Lyman P Legal Services | 12/30/21 | $768,338 |
Arup Laboratories Laboratory Services | 12/30/21 | $1,092,111 |
Weatherby Locums Inc Contracted Physician & Mid Level Provide | 12/30/21 | $799,479 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,788,547 |
| Investment income | $3,419,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,024 |
| Net Gain/Loss on Asset Sales | $4,330,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $141,257,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,242,567 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,742,421 |
| Pension plan accruals and contributions | $1,955,716 |
| Other employee benefits | $6,501,624 |
| Payroll taxes | $3,425,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $345,836 |
| Fees for services: Accounting | $289,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $660,587 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171,999 |
| Office expenses | $440,148 |
| Information technology | $59,692 |
| Royalties | $0 |
| Occupancy | $1,836,531 |
| Travel | $93,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,163,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,436,098 |
| Insurance | $1,519,079 |
| All other expenses | $0 |
| Total functional expenses | $122,958,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,524 |
| Savings and temporary cash investments | $26,905,533 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,759,153 |
| Loans from Officers, Directors, or Controlling Persons | $24,363 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,309,750 |
| Inventories for sale or use | $3,056,386 |
| Prepaid expenses and deferred charges | $1,752,074 |
| Investments—publicly traded securities | $184,274,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,486,696 |
| Total assets | $327,672,291 |
| Accounts payable and accrued expenses | $9,737,204 |
| Grants payable | $0 |
| Deferred revenue | $169,810 |
| Tax-exempt bond liabilities | $89,181,804 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $569,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,401,815 |
| Total liabilities | $101,060,585 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $226,611,706 |
Grants Awarded
Over the last fiscal year, Norton - Kings Daughters Health Inc has awarded $16,386 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: DONATION | $11,386 |
Madison, IN PURPOSE: DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norton - Kings Daughters Health Inc has recieved totaling $199,072.
| Awarding Organization | Amount |
|---|---|
Kings Daughters Hospital Foundation Incorporated Madison, IN PURPOSE: DONATION | $199,072 |
Endowment Analysis
| Beg. Balance | $20,555 |
| Net Contributions | $3,656 |
| Other Expense | $3,524 |
| Ending Balance | $20,687 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |
Ascension Providence Hospital St Louis, MO | $465,661,519 | $850,694,127 |
Truman Medical Center Incorporated Kansas City, MO | $489,587,316 | $736,606,337 |