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Health · 2023 Form 990

Norton Hospitals Inc: $3.0B Revenue, $2.6B Expenses

Louisville, Kentucky · EIN 610703799 · Filing year 2023

Norton Hospitals Inc reported $3.0B in total revenue, $2.6B in total expenses, and $4.0B in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $4.1M (0.14% of revenue). NonprofitTruth efficiency grade: A (83/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
A
Efficiency Score
83/100

Key Facts (2023 Form 990)

Total Revenue
$3.0B
Total Expenses
$2.6B
Total Assets
$4.0B
Reserve Months
18.3 months
Surplus / (Deficit)
$387.5M
EIN
610703799
Latest 990 Year
2023
Current-Officer Compensation
$4.1M
Officer Comp % of Revenue
0.14%

Norton Hospitals Inc earns an A on the NonprofitTruth efficiency rubric — a top-tier rating that reflects healthy operating reserves, reasonable officer compensation, and steady multi-year revenue. The composite score of 83/100 places it in the upper bracket of U.S. tax-exempt organizations.

Norton Hospitals Inc operates at corporate scale — $3.0B in reported 2023 revenue. At over a billion in annual revenue, nonprofits typically run consolidated operations across multiple states or business lines, and the IRS Form 990 reflects a much larger operational footprint than a typical 501(c)(3). Financial health is a strength: Norton Hospitals Inc carries a healthy operating-reserve cushion against $2.6B in annual expenses, the kind of balance-sheet stability that helps an organization weather funding gaps without cutting programs.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Norton Hospitals Inc reported $3.0B in 2023, up notably from the start of the window. Officer compensation is modest relative to organizational size: Norton Hospitals Inc reports $4.1M in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $3.0B in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Norton Hospitals Inc is categorized under Health — the largest segment of U.S. nonprofit revenue, dominated by hospitals, hospital systems, and health-research organizations. The financial profile in this category is capital-intensive, with large balance sheets and program service revenue that often dwarfs donations.


$3.0B
Revenue
$2.6B
Expenses
$4.0B
Total Assets
$4.1M
Officer Compensation

How Norton Hospitals Inc Compares

Norton Hospitals Inc earns a NonprofitTruth efficiency grade of A (83/100). That is 5 points above the Health category average. Compensation for current officers and key employees represents 0.14% of total revenue. The organization holds 18.3 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$2.6B
Total Expenses
Filing year 2023
$4.1M
Officer Compensation
0.14% of revenue
18.3 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Norton Hospitals Inc reported $3.0B in revenue against $2.6B in total functional expenses for filing year 2023, holding roughly 18.3 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $4.1M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 0.14% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Norton Hospitals Inc has a NonprofitTruth Efficiency Score of A (83/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Norton Hospitals Inc, Donor FAQ

Norton Hospitals Inc has a NonprofitTruth Efficiency Score of A (83/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Norton Hospitals Inc reports $4.1M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 0.14% of the organization's $3.0B in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Norton Hospitals Inc reported $3.0B in annual revenue and $2.6B in total expenses for filing year 2023. The organization holds $4.0B in total assets.

Norton Hospitals Inc holds approximately 18.3 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its A efficiency grade.

Norton Hospitals Inc is a registered 501(c) organization with EIN 610703799, based in Louisville, Kentucky. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.