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Nonprofiteer
← NORTON PROPERTIES INC

Form 990 for tax year 2023

Filed by NORTON PROPERTIES INC.

Totals

Total revenue
$65,980,791
Total expenses
$77,990,224
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$65,721,049
Investment income
$256,160
Other revenue
$3,582
Total assets, end of year
$399,852,945
Total liabilities, end of year
$480,115,576
Net assets or fund balances, end of year
-$80,262,631
Program services expenses (Part IX)
$76,887,563
Management and general expenses
$1,102,661
Fundraising expenses
$0
Program service expenses (Part III)
$76,887,563

Program services were 98.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Russell F Cox

    President & CEO/Trustee

    Total calculated
    $3,485,645
    From this org
    $0
    From related orgs
    $3,068,539
    Other
    $417,106
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,548,059 related
    Bonus
    $0 + $816,092 related
    Other
    $0 + $704,388 related
    Deferred
    $0 + $378,897 related
    Nontaxable benefits
    $0 + $38,209 related
    Filer's total
    $0 + $3,485,645 related

  • Barry Pennybaker

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Craig D Grant

    Vice Chair

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 5 related

  • Donald H Robinson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 7 related

  • Edie Nixon

    Chair

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 16 related

  • Erwin Roberts

    Trustee (PARTIAL YEAR)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • G Hunt Rounsavall Sr

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 7 related

  • Gail Lyttle

    Trustee (PARTIAL YEAR)

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Gary L Stewart

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 7 related

  • Gregory E Mayes

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 6 related

  • James L Sublett MD

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Joe Craig

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 5 related

  • Judge Denise Clayton

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Lee K Garlove

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Maria Hampton

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Maria L Bouvette

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Martha K Heyburn MD

    Trustee (PARTIAL YEAR)

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Rev William J Schultz

    Trustee (PARTIAL YEAR)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Richard R Ivey

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • Richard S Wolf MD

    Chair Emeritus (partial year)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Rita Hudson Shourds EdD

    Trustee (partial year)

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Ronald Lehocky MD

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 6 related

  • Sue Davis EdD RN

    Trustee

    Total calculated
    $2,000
    From this org
    $0
    From related orgs
    $2,000
    Other
    $0
    Hours/week
    0.5 + 6 related

  • Adam Kempf

    Sr VP, CFO/Treasurer

    Total calculated
    $1,364,768
    From this org
    $0
    From related orgs
    $1,141,705
    Other
    $223,063
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $755,209 related
    Bonus
    $0 + $281,470 related
    Other
    $0 + $105,026 related
    Deferred
    $0 + $175,860 related
    Nontaxable benefits
    $0 + $47,203 related
    Filer's total
    $0 + $1,364,768 related

  • Michael W Gough

    Exec VP and COO

    Total calculated
    $2,111,840
    From this org
    $0
    From related orgs
    $1,823,008
    Other
    $288,832
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,046,012 related
    Bonus
    $0 + $510,862 related
    Other
    $0 + $266,134 related
    Deferred
    $0 + $260,502 related
    Nontaxable benefits
    $0 + $28,330 related
    Filer's total
    $0 + $2,111,840 related

  • Robert B Azar

    Sr VP Chief Legal Officer/Secretary

    Total calculated
    $1,191,460
    From this org
    $0
    From related orgs
    $1,021,584
    Other
    $169,876
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $630,680 related
    Bonus
    $0 + $266,833 related
    Other
    $0 + $124,071 related
    Deferred
    $0 + $150,278 related
    Nontaxable benefits
    $0 + $19,598 related
    Filer's total
    $0 + $1,191,460 related

  • Mark Spivey

    Dir, Properties

    Total calculated
    $179,156
    From this org
    $132,484
    From related orgs
    $0
    Other
    $46,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,575
    Bonus
    $13,607
    Other
    $5,302
    Deferred
    $15,624
    Nontaxable benefits
    $31,048
    Filer's total
    $179,156

  • Scott L Stanton

    Dir, Property Planning & Mgmt

    Total calculated
    $192,278
    From this org
    $153,501
    From related orgs
    $0
    Other
    $38,777
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,267
    Bonus
    $10,465
    Other
    $24,769
    Deferred
    $9,933
    Nontaxable benefits
    $28,844
    Filer's total
    $192,278

  • Steven Morse

    Dir, Safety and Security

    Total calculated
    $150,334
    From this org
    $121,748
    From related orgs
    $0
    Other
    $28,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,951
    Bonus
    $4,268
    Other
    $2,529
    Deferred
    $0
    Nontaxable benefits
    $28,586
    Filer's total
    $150,334

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
NORTON HEALTHCARE INC (NHC) EIN 61-1028725 IS THE PARENT ORGANIZATION FOR NORTON PROPERTIES, INC. AND THEREFORE ESTABLISHES COMPENSATION FOR THE CEO, OFFICERS AND KEY EMPLOYEES THROUGH ENGAGING WITH THE EXECUTIVE COMMITTEE OF NHC; AN INDEPENDENT COMPENSATION CONSULTANT; REVIEW OF OTHER ORGANIZATION'S FORM 990; WRITTEN EMPLOYMENT AGREEMENTS; THIRD PARTY COMPENSATION SURVEYS AND APPROVAL BY THE EXECUTIVE COMMITTEE AND BOARD. SEE NARRATIVE IN SCHEDULE O, REFERENCING PART VI, LINE 15 WHICH FURTHER DESCRIBES THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INTERESTED PERSONS PARTICIPATED IN OR RECEIVED PAYMENT FROM SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS AS DESCRIBED IN IRC SECTION 457(F). THE INTERESTED PERSONS BELOW MAY HAVE PARTICIPATED IN ONE OR MORE OF THE FOLLOWING PLANS: THE EXECU-PLUS BENEFIT PLAN, DEFINED BENEFIT AND DEFINED CONTRIBUTION RESTORATION PLANS, AND THE PHYSICIAN DEFERRED PLAN. THE "PAY CREDIT" OUTLINED BELOW REPRESENTS A REASONABLE ESTIMATE OF THE ANNUAL INCREASE IN ACTUARIAL VALUE OF THE PLANS; AND THEREFORE, REPRESENTS THE ORGANIZATION'S CONTRIBUTION TO THE VALUE OF THE BENEFITS. NAME - PAY CREDIT Russell F. Cox - $345,765 Michael W. Gough - $228,527 Robert Azar - $127,409 Adam Kempf - $153,943 THE "PAYMENT RECEIVED" OUTLINED BELOW REPRESENTS CASH PAYMENTS THAT THE EMPLOYEE RECEIVED DURING 2023 AND CAN BE COMPRISED OF CURRENT AND OR PRIOR YEARS EMPLOYEE AND EMPLOYER CONTRIBUTIONS. NAME - PAYMENT RECEIVED Russell F. Cox - $283,857 Michael W. Gough - $114,222 Robert Azar - $68,880 Adam Kempf - $63,188
Schedule J, Part I, Line 7 Non-fixed payments
In 2023, Norton Healthcare, Inc. (NHC) had in place a Variable Compensation Plan for Executives, eligibility under which extended to employees holding a full-time position as Senior Officer, Officer, System Director or other designated Director level position. Under the plan, a variable compensation pool amount is approved by the Board of Trustees. Each participant's performance is evaluated relative to the goals and objectives documented as part of the participant's plan; and an award is determined for the participant, based on achievement of the goals and objectives, subject to the funding of the variable compensation pool. At the end of each year, the Committee on Executive Compensation and Benefits determines an appropriate award for the NHC's President & Chief Executive Officer, and the President & Chief Executive Officer recommends appropriate awards for other senior executives to the Committee on Executive Compensation and Benefits for its review and approval.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Norton Enterprises Inc

    C Corporation · Invests in Partnerships that provide medical services · KY

    Directly controlled by Norton Healthcare Inc

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349300248

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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