Overview
What is Norton Healthcare Inc?
Norton Healthcare Inc, a Louisville, Kentucky-based not-for-profit organization, runs six hospitals - Norton Audubon, Brownsboro, Children's, Hospital, Women's & Children's, and Kings' Daughter's - totaling 1,993 licensed beds. Their mission is dedicated to delivering quality healthcare to their communities, guided by their faith heritage. In addition to their hospitals, Norton Pharmacies PLLC, a Norton Healthcare affiliate, operates five retail and one specialty pharmacy. The organization had a workforce of 3,959 employees in 2022.
Official website here: www.nortonhealthcare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Norton Healthcare Inc has received a Three-Star rating from Charity Navigator, reflecting a score of 81%, which indicates a strong commitment to accountability and finance. The overall score is based solely on this category, demonstrating a focus on transparency and adherence to financial best practices. This high rating signifies that the organization is effectively managing its resources and is likely to be a reliable choice for donors.
The organization excels in several key areas, including governance with 95% independent board members and an impressive accountability score reflecting rigorous oversight practices. Norton Healthcare has robust policies in place, such as conflict of interest and whistleblower policies, which contribute to its transparency. The program expense ratio is also commendable at 83.35%, suggesting that a significant portion of funds is directed towards its mission-related activities.
However, there is a noted limitation in the liabilities to assets ratio, where it scored 0 out of 15 points. This indicates potential concerns regarding the management of financial obligations. While the organization demonstrates strong governance and accounting practices, addressing its financial liabilities will be important for sustaining long-term operational health.
This AI summary has been generated from information found on Charity Navigator.
Is Norton Healthcare Inc legitimate?
Norton Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norton Healthcare Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $20,986,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,662,742
For more financial information, click here
Official website here: www.nortonhealthcare.com
What is the mission statement of Norton Healthcare Inc?
Norton Healthcare is committed to delivering quality healthcare to everyone they serve. Their approach is rooted in responding to the unique needs of the communities they serve and remaining faithful to their heritage. Norton Healthcare operates several hospitals, providing a total of approximately 1,993 beds, and offers pharmacy services for the convenience of their patients and employees. Their mission goes beyond medical care, as they aim to make a positive impact on the lives of those in their care.
Official website here: www.nortonhealthcare.com
Who is the CEO of Norton Healthcare Inc?
Russell F Cox is the CEO of Norton Healthcare Inc The CEO's salary of Norton Healthcare Inc is $3,068,539 and their total compensation is $3,485,645.
Official website here: www.nortonhealthcare.com
What is the revenue of Norton Healthcare Inc?
Norton Healthcare Inc's revenue in 2023 was $607,102,092.
Official website here: www.nortonhealthcare.com
Who are the executives of Norton Healthcare Inc and what are their salaries?
The average compensation at Norton Healthcare Inc during 2023 was $38,520. There are 5806 employees and 2 volunteers at Norton Healthcare Inc.
Here are 46 key members and their salaries (Norton Healthcare Inc's CEO's salary is $3,068,539 and their total compensation is $3,485,645):
- Compensation: $3,068,539
- Related: $0
- Other: $417,106
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,141,705
- Related: $0
- Other: $223,063
- Compensation: $1,823,008
- Related: $0
- Other: $288,832
- Compensation: $1,021,584
- Related: $0
- Other: $169,876
- Compensation: $0
- Related: $764,207
- Other: $153,109
- Compensation: $1,007,833
- Related: $0
- Other: $208,931
- Compensation: $851,180
- Related: $0
- Other: $60,203
- Compensation: $785,327
- Related: $0
- Other: $144,679
- Compensation: $554,991
- Related: $0
- Other: $120,108
- Compensation: $514,987
- Related: $0
- Other: $135,059
- Compensation: $516,403
- Related: $0
- Other: $93,934
- Compensation: $680,721
- Related: $0
- Other: $118,225
- Compensation: $533,188
- Related: $0
- Other: $93,983
- Compensation: $700,811
- Related: $0
- Other: $125,097
- Compensation: $764,256
- Related: $0
- Other: $158,271
- Compensation: $528,711
- Related: $0
- Other: $96,501
- Compensation: $892,423
- Related: $0
- Other: $184,876
- Compensation: $750,407
- Related: $0
- Other: $158,691
- Compensation: $1,436,243
- Related: $0
- Other: $257,713
- Compensation: $480,400
- Related: $0
- Other: $98,345
- Compensation: $476,410
- Related: $0
- Other: $97,198
- Compensation: $697,660
- Related: $0
- Other: $44,258
- Compensation: $486,924
- Related: $0
- Other: $95,511
- Compensation: $571,954
- Related: $0
- Other: $30,173
Official website here: www.nortonhealthcare.com
Where can I find the form 990 for Norton Healthcare Inc?
Norton Healthcare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nortonhealthcare.com
Learn more at the official website: www.nortonhealthcare.com
Mission Statement of Norton Healthcare Inc
Norton Healthcare Inc, a not-for-profit corporation, is dedicated to delivering top-quality healthcare services to all it serves. The organization's mission is rooted in responding to the unique needs of the communities it serves and upholding its faith heritage. With a deep-seated commitment to providing healthcare, Norton Healthcare operates six hospitals in total, each with various licensed beds. These hospitals function around the clock, seven days a week, ensuring continuous care for their patients.
Norton Healthcare's vast network includes Norton Audubon Hospital, with 432 beds; Norton Brownsboro Hospital, housing 197 beds; Norton Children's Hospital, boasting 300 beds; Norton Hospital, offering 605 beds; Norton Women's & Children's Hospital, providing 373 beds; and Norton Kings' Daughter's Hospital, with 86 beds. Each of these healthcare facilities is staffed and equipped to address the diverse health needs of its patients.
In addition to its hospital services, Norton Healthcare also operates Norton Pharmacies PLLC, which manages five retail pharmacies and one specialty pharmacy. This pharmacy network caters to the convenience of Norton Healthcare's patients and employees by dispensing medications. By providing both healthcare services and pharmacy solutions, Norton Healthcare ensures a comprehensive continuum of care for all those it serves.
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Impact
October, 2024
Norton Healthcare Inc significantly impacts the health landscape in Louisville, Kentucky, providing essential medical services that cater to the diverse needs of the community. With nearly 2,000 licensed beds across six hospitals, it plays a vital role in delivering quality healthcare around the clock.
The organization’s commitment to addressing community needs is evident through its broad array of services, including specialized care at Norton Children's Hospital and women's health services. The integration of pharmacies enhances access to medications, ensuring that patients receive timely and convenient pharmaceutical care.
Furthermore, Norton Healthcare honors its faith heritage by fostering a compassionate environment that prioritizes patient care and community wellness. This holistic approach not only meets immediate health needs but also contributes to the overall well-being and health equity in the region. By remaining responsive to the evolving demands of the population, Norton Healthcare Inc stands as a cornerstone of healthcare in Kentucky, furthering its mission to serve with dignity and excellence.
This information is meant to be a general summary of Norton Healthcare Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $33,208,027
- Program Service Revenue: $545,625,743
- Gross Receipts: $1,079,456,073
Assets and Liabilities:
- Total Assets: $2,441,255,153
- Total Liabilities: $2,394,033,872
- Net Assets: $47,221,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fees
Revenue
$422,624,692
Net Patient Revenue
Revenue
$104,712,244
Clinical Research Trials
Revenue
$18,144,454
Education Programs
Revenue
$144,353
Organization Details
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