Norton Hospitals Inc
- Assets
- $3.5b
- Revenue
- $2.5b
- Investments
- $0.0
- Employees
- 13,096
- Location
- Louisville, KY
- Founding
- 05/1970
- Data as of
- 12/2021
- EIN
- 61-0703799
Organization Overview
Norton Hospitals Inc is located in Louisville, KY. The organization was established in 1970. 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, Norton Hospitals Inc employed 13,096 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norton Hospitals Inc 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 12/2021, Norton Hospitals Inc generated $2.5b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.2b during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
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. NHI HAS A TOTAL OF 1,907 LICENSED BEDS, NORTON HOSPITAL - 605 BEDS; NORTON CHILDREN'S HOSPITAL - 300 BEDS; NORTON AUDUBON HOSPITAL - 432 BEDS; NORTON WOMEN'S AND CHILDREN'S HOSPITAL - 373 BEDS; AND NORTON BROWNSBORO HOSPITAL - 197 BEDS. THESE HOSPITALS OPERATE TWENTY-FOUR (24) HOURS A DAY, SEVEN (7) DAYS A WEEK. IN 2021, NHI'S HOSPITALS AND DIAGNOSTIC CENTERS SERVED 68,502 INPATIENTS, 646,869 OUTPATIENTS, 235,728 EMERGENCY DEPARTMENT VISITS, AND 30,260 OBSERVATION CASES. IN ADDITION, NHI'S OPERATING ROOMS CARED FOR 16,312 INPATIENT SURGICAL PATIENTS AND 39,433 OUTPATIENT SURGICAL PATIENTS. ADDITIONALLY, 8,300 DELIVERIES WERE PERFORMED AT NHI BIRTHING CENTERS. UNDER ITS CHARITY CARE PROGRAM, NHI PROVIDED FREE CARE TO 7,291 PATIENTS, AT A COST OF $14.2 MILLION. ALSO, NHI GRANTS A DISCOUNT FROM BILLED CHARGES TO ANY PATIENTS THAT HAVE NO ACCESS TO PRIVATE HEALTH INSURANCE OR DO NOT QUALIFY FOR GOVERNMENT ASSISTANCE OR CHARITY CARE. UNDER THIS PROGRAM, 7,498 PATIENTS WERE PROVIDED CARE AT DISCOUNTED RATES. ANOTHER CONTRIBUTION TO THE COMMUNITY WAS EDUCATIONAL SUPPORT OF $77.4 MILLION, PRIMARILY TO THE UNIVERSITY OF LOUISVILLE SCHOOL OF MEDICINE. COMMUNITY HEALTH IMPROVEMENT SERVICES TOTALED $20.1 MILLION AND CONTRIBUTIONS TO COMMUNITY GROUPS WERE $1.9 MILLION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wehr Constructors Inc Construction | 12/30/21 | $8,284,674 |
Medical Solutions Llc Contact Labor | 12/30/21 | $14,464,756 |
Messer Construction Co Construction | 12/30/21 | $24,838,859 |
Northstar Anesthesia O Ky Ii Pllc Anesthesia Services | 12/30/21 | $12,549,883 |
Amn Healthcare Inc Nurse Staffing Services | 12/30/21 | $20,796,149 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,306,426 |
| Government grants | $38,610,575 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $409,839 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,917,001 |
| Total Program Service Revenue | $2,479,713,857 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$88,996 |
| Net Gain/Loss on Asset Sales | $34,081 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,534,122,954 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $2,678,208 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $321,430 |
| Other salaries and wages | $614,452,756 |
| Pension plan accruals and contributions | $32,123,400 |
| Other employee benefits | $78,951,163 |
| Payroll taxes | $42,343,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $233,462,503 |
| Advertising and promotion | $0 |
| Office expenses | $9,980,897 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,785,601 |
| Travel | $1,123,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45,527,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,334,570 |
| Insurance | $11,841,136 |
| All other expenses | $4,962,707 |
| Total functional expenses | $2,177,121,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,339 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $262,209,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,170,691 |
| Prepaid expenses and deferred charges | $3,454,993 |
| Net Land, buildings, and equipment | $950,056,514 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,445,984 |
| Other assets | $2,195,871,270 |
| Total assets | $3,488,220,444 |
| Accounts payable and accrued expenses | $242,492,154 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,981,634 |
| Total liabilities | $274,473,788 |
| Net assets without donor restrictions | $3,209,220,477 |
| Net assets with donor restrictions | $4,526,179 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,488,220,444 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Norton Hospitals Inc has recieved totaling $9,420,525.
| Awarding Organization | Amount |
|---|---|
Childrens Hospital Foundation Louisville, KY PURPOSE: FUNDING OF CAPITAL PROJECTS, PROGRAMS AND SERVICES | $7,023,424 |
Norton Healthcare Foundation Inc Louisville, KY PURPOSE: FUND OF CAPITAL PROJECTS, PROGRAMS AND SERVICES | $2,383,001 |
American Heart Association Inc Dallas, TX PURPOSE: CHOLESTEROL INITIATIVE | $14,000 |
Barbara And Albert Horton Foundation Inc Louisville, KY PURPOSE: MEDICAL RESEARCH HEALTHCARE | $100 |
Endowment Analysis
| Beg. Balance | $27,056,341 |
| Earnings | $4,112,120 |
| Net Contributions | $488,087 |
| Other Expense | $1,040,848 |
| Ending Balance | $30,615,700 |
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 |
Kettering College Miamisburg, OH | $1,728,903,615 | $1,055,020,178 |
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 |
Mary Washington Healthcare Fredericksburg, VA | $593,675,918 | $863,388,863 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |