Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $840,544

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $1,998,057

• 1f · All other contributions, gifts and grants

  $8,050,409

• 1g · Noncash contributions included above

  $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,208,438 · excluded $1,208,438

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0

• 5 · Royalties

  total $0 · related or exempt $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $8,061,445

• 7b · Less cost or other basis and sales expenses

  securities $7,754,347

• 7c · Gain or loss

  securities $307,098 · other assets $0

• 7d · Net gain or loss

  total $307,098 · excluded $307,098

• 8a · Fundraising events: gross income

  $223,960

• 8a · Fundraising events: contributions included on line 1c

  $840,544

• 8b · Fundraising events: direct expenses

  $318,370

• 8c · Net income from fundraising events

  total -$94,410 · excluded -$94,410

• 9a · Gaming: gross income

  $11,273

• 9b · Gaming: direct expenses

  $579

• 9c · Net income from gaming

  total $10,694 · excluded $10,694

• 10a · Gross sales of inventory

  $1,498,152

• 10b · Cost of goods sold

  $822,318

• 10c · Net income from sales of inventory

  total $675,834 · excluded $675,834

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,015,645 · program services $12,015,645

• 2 · Grants to domestic individuals

  total $22,344 · program services $22,344

• 5 · Compensation of officers, directors and key employees

  total $94,180 · program services $0 · management and general $28,254 · fundraising $65,926

• 7 · Other salaries and wages

  total $609,983 · management and general $182,995 · fundraising $426,988

• 8 · Pension plan contributions

  total $26,679 · management and general $8,004 · fundraising $18,675

• 9 · Other employee benefits

  total $50,534 · management and general $15,160 · fundraising $35,374

• 10 · Payroll taxes

  total $35,436 · management and general $10,631 · fundraising $24,805

• 11f · Fees: investment management

  total $120,185 · management and general $120,185

• 11g · Fees: other

  total $182,720 · program services $0 · management and general $0 · fundraising $182,720

• 12 · Advertising and promotion

  total $34,573 · fundraising $34,573

• 13 · Office expenses

  total $86,797 · management and general $26,039 · fundraising $60,758

• 16 · Occupancy

  total $36,017 · management and general $10,805 · fundraising $25,212

• 17 · Travel

  total $12,967 · management and general $3,890 · fundraising $9,077

• 19 · Conferences, conventions and meetings

  total $2,539 · management and general $762 · fundraising $1,777

• 23 · Insurance

  total $77,750 · fundraising $77,750

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $8,367 · management and general $2,510 · fundraising $5,857

• 24b · Other expenses: DONOR AND EMPLOYEE RECOGNITION

  total $5,474 · management and general $1,642 · fundraising $3,832

• 24c · Other expenses: ALLOCATED DEPRECIATION

  total $2,398 · management and general $719 · fundraising $1,679

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,397 · end of year $11,062

• 3 · Pledges and grants receivable

  beginning of year $11,166,198 · end of year $8,777,684

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $82,405 · end of year $132,990

• 9 · Prepaid expenses and deferred charges

  beginning of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $0

• 10b · Land, buildings and equipment: accumulated depreciation

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $24,590,997 · end of year $27,388,881

• 12 · Investments: other securities

  beginning of year $13,743,840 · end of year $18,518,531

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $10,780,095 · end of year $9,086,746

• 17 · Accounts payable and accrued expenses

  beginning of year $41,611 · end of year $31,547

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,194,000 · end of year $2,400,572

• 27 · Net assets without donor restrictions

  beginning of year $2,975,812 · end of year $3,503,754

• 28 · Net assets with donor restrictions

  beginning of year $55,156,509 · end of year $57,980,021

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 HEALTHCARE FOUNDATION, 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 Mary Lynn Meyer - $79,181 Matthew Ayers - $56,145 Brittany Cook - $27,892 THE "PAYMENT RECEIVED" OUTLINED BELOW REPRESENTS CASH PAYMENTS THAT THE EMPLOYEE RECEIVED DURING 2022 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 Mary Lynn Meyer - $52,858 Matthew Ayers - $34,916 Brittany Cook - $31,682

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.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (5)

  Trust · INVESTMENTS · KY

  Directly controlled by NA

• Norton Enterprises Inc

  C Corporation · Provide Nursing and Pathology Services · KY

  Directly controlled by NA