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Nonprofiteer
← NORTON PROPERTIES INC

Form 990 for tax year 2024

Filed by NORTON PROPERTIES INC.

Totals

Total revenue
$72,680,476
Total expenses
$82,278,352
Contributions and grants received
$1,656
Grants paid
$0
Program service revenue
$72,619,017
Investment income
$56,678
Other revenue
$3,125
Total assets, end of year
$392,707,153
Total liabilities, end of year
$482,567,660
Net assets or fund balances, end of year
-$89,860,507
Program services expenses (Part IX)
$81,151,751
Management and general expenses
$1,126,601
Fundraising expenses
$0
Program service expenses (Part III)
$81,151,751

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
    $4,115,838
    From this org
    $0
    From related orgs
    $3,633,654
    Other
    $482,184
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,857,038 related
    Bonus
    $0 + $953,295 related
    Other
    $0 + $823,321 related
    Deferred
    $0 + $449,244 related
    Nontaxable benefits
    $0 + $32,940 related
    Filer's total
    $0 + $4,115,838 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

  • G Hunt Rounsavall Sr

    Trustee

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

  • Gail Lyttle

    Trustee

    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 (PARTIAL YEAR)

    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

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

  • 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 & CFAO

    Total calculated
    $1,659,943
    From this org
    $0
    From related orgs
    $1,418,297
    Other
    $241,646
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $925,300 related
    Bonus
    $0 + $363,283 related
    Other
    $0 + $129,714 related
    Deferred
    $0 + $212,195 related
    Nontaxable benefits
    $0 + $29,451 related
    Filer's total
    $0 + $1,659,943 related

  • Michael W Gough

    Exec VP and COO (partial year)

    Total calculated
    $3,217,019
    From this org
    $0
    From related orgs
    $3,200,723
    Other
    $16,296
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $719,698 related
    Bonus
    $0 + $554,516 related
    Other
    $0 + $1,926,509 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,296 related
    Filer's total
    $0 + $3,217,019 related

  • Robert B Azar

    Sr VP Chief Legal Officer/Secretary

    Total calculated
    $1,302,529
    From this org
    $0
    From related orgs
    $1,125,537
    Other
    $176,992
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $692,567 related
    Bonus
    $0 + $303,986 related
    Other
    $0 + $128,984 related
    Deferred
    $0 + $162,205 related
    Nontaxable benefits
    $0 + $14,787 related
    Filer's total
    $0 + $1,302,529 related

  • Mark Spivey

    Dir, Property Administration

    Total calculated
    $218,673
    From this org
    $143,997
    From related orgs
    $0
    Other
    $74,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,378
    Bonus
    $12,153
    Other
    $8,466
    Deferred
    $21,361
    Nontaxable benefits
    $53,315
    Filer's total
    $218,673

  • Nadareca Thibeaux

    Dir, LouMed

    Total calculated
    $176,072
    From this org
    $175,134
    From related orgs
    $0
    Other
    $938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,834
    Bonus
    $0
    Other
    $25,300
    Deferred
    $0
    Nontaxable benefits
    $938
    Filer's total
    $176,072

  • Scott L Stanton

    System Director Properties

    Total calculated
    $200,033
    From this org
    $164,923
    From related orgs
    $0
    Other
    $35,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,870
    Bonus
    $31,331
    Other
    $1,722
    Deferred
    $11,310
    Nontaxable benefits
    $23,800
    Filer's total
    $200,033

  • Steven Morse

    Dir, Safety and Security

    Total calculated
    $134,749
    From this org
    $114,054
    From related orgs
    $0
    Other
    $20,695
    Hours/week
    40

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 - $410,065 Michael W. Gough - $219,544 Robert Azar - $136,740 Adam Kempf - $187,984 THE "PAYMENT RECEIVED" OUTLINED BELOW REPRESENTS CASH PAYMENTS THAT THE EMPLOYEE RECEIVED DURING 2024 AND CAN BE COMPRISED OF CURRENT AND OR PRIOR YEARS EMPLOYEE AND EMPLOYER CONTRIBUTIONS. NAME - PAYMENT RECEIVED Russell F. Cox - $251,451 Michael W. Gough - $206,074 Robert Azar - $96,040 Adam Kempf - $107,772
Schedule J, Part I, Line 7 Non-fixed payments
Norton Healthcare, Inc. (NHC) has 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
2024
Filed
6 November 2025
IRS schema version
2024v5.1
Source object
202543109349303774

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

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