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Nonprofiteer
← NORTON - KINGS DAUGHTERS HEALTH INC

Form 990 for tax year 2024

Filed by NORTON - KINGS DAUGHTERS HEALTH INC.

Totals

Total revenue
$151,111,335
Total expenses
$188,158,858
Contributions and grants received
$703,807
Grants paid
$266,304
Program service revenue
$139,052,901
Investment income
$10,194,738
Other revenue
$1,159,889
Total assets, end of year
$348,966,799
Total liabilities, end of year
$427,736,413
Net assets or fund balances, end of year
-$78,769,614
Program services expenses (Part IX)
$156,377,927
Management and general expenses
$31,744,311
Fundraising expenses
$36,620
Program service expenses (Part III)
$156,377,927

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $113,049

  • 1f · All other contributions, gifts and grants

    $590,758

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $139,052,901 · related or exempt $139,027,438 · unrelated business $25,463

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $3,791,769 · excluded $3,791,769

  • 6a · Gross rents

    real property $113,734

  • 6b · Less rental expenses

    real property $5,178

  • 6c · Rental income or loss

    real property $108,556 · personal property $0

  • 6d · Net rental income or loss

    total $108,556 · related or exempt $95,442 · unrelated business $6,072 · excluded $7,042

  • 7a · Gross sales of assets other than inventory

    securities $32,802,725 · other assets $29,128

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

    securities $26,391,106 · other assets $37,778

  • 7c · Gain or loss

    securities $6,411,619 · other assets -$8,650

  • 7d · Net gain or loss

    total $6,402,969 · excluded $6,402,969

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: CAFETERIA REVENUE

    total $344,856 · excluded $344,856

  • 11b · Other revenue: Contract Service Revenue

    total $500,000 · related or exempt $500,000

  • 11c · Other revenue: misc. income

    total $206,477 · related or exempt $204,914 · unrelated business $1,563

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $1,051,333

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $266,304 · program services $266,304

  • 5 · Compensation of officers, directors and key employees

    total $2,392,662 · program services $1,275,399 · management and general $1,117,263

  • 7 · Other salaries and wages

    total $62,957,815 · program services $52,380,527 · management and general $10,552,579 · fundraising $24,709

  • 8 · Pension plan contributions

    total $2,898,279 · program services $2,372,751 · management and general $524,365 · fundraising $1,163

  • 9 · Other employee benefits

    total $14,096,139 · program services $11,610,388 · management and general $2,480,374 · fundraising $5,377

  • 10 · Payroll taxes

    total $4,310,389 · program services $3,540,604 · management and general $768,149 · fundraising $1,636

  • 11f · Fees: investment management

    total $902,120 · management and general $902,120

  • 11g · Fees: other

    total $21,106,600 · program services $15,997,392 · management and general $5,106,354 · fundraising $2,854

  • 12 · Advertising and promotion

    total $124,439 · program services $124,439

  • 13 · Office expenses

    total $1,445,788 · program services $183,858 · management and general $1,261,517 · fundraising $413

  • 14 · Information technology

    total $3,336,489 · management and general $3,336,489

  • 16 · Occupancy

    total $1,926,778 · program services $1,349,178 · management and general $577,600

  • 17 · Travel

    total $113,895 · program services $99,340 · management and general $14,276 · fundraising $279

  • 20 · Interest

    total $1,620,773 · program services $1,083,553 · management and general $537,220

  • 22 · Depreciation, depletion and amortization

    total $9,474,954 · program services $6,706,341 · management and general $2,768,613

  • 23 · Insurance

    total $1,839,762 · program services $1,351,911 · management and general $487,851

  • 24a · Other expenses: MEDICAL SUPPLIES & DRUGS

    total $25,357,483 · program services $25,357,483

  • 24b · Other expenses: MANAGEMENT FEE

    total $23,184,240 · program services $23,184,240 · management and general $0 · fundraising $0

  • 24c · Other expenses: INDIANA MEDICAID ASSESSMENT FEE

    total $7,604,972 · program services $7,604,972

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $2,290,654 · program services $1,491,649 · management and general $799,005

  • 24e · All other expenses

    total $908,323 · program services $397,598 · management and general $510,536 · fundraising $189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,873 · end of year $6,550

  • 2 · Savings and temporary cash investments

    beginning of year $14,390,845 · end of year $15,828,859

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $11,386,513 · end of year $10,224,574

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $196,875 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,963,074 · end of year $3,568,725

  • 9 · Prepaid expenses and deferred charges

    beginning of year $536,627 · end of year $443,023

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

    $118,032,619

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

    $26,823,117

  • 10c · Land, buildings and equipment, net

    beginning of year $90,886,565 · end of year $91,209,502

  • 11 · Investments: publicly traded securities

    beginning of year $121,043,848 · end of year $137,906,837

  • 12 · Investments: other securities

    beginning of year $85,349,290 · end of year $83,611,577

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $4,950,045 · end of year $6,167,152

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,582,371 · end of year $7,269,398

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $186,937 · end of year $33,305

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $365,137,710 · end of year $420,433,710

  • 27 · Net assets without donor restrictions

    beginning of year -$48,840,015 · end of year -$78,953,064

  • 28 · Net assets with donor restrictions

    beginning of year $644,552 · end of year $183,450

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

NORTON-KING'S DAUGHTERS' HEALTH'S PURPOSE IS TO PROVIDE QUALITY HEALTH CARE TO ALL THOSE WE SERVE, IN A MANNER THAT RESPONDS TO THE NEEDS OF OUR COMMUNITIES AND HONORS OUR FAITH HERTIAGE.

Activities or mission (Part I)

NORTON - KING'S DAUGHTERS' HEALTH, INC.'S PURPOSE IS TO PROVIDE QUALITY HEALTH CARE TO ALL THOSE WE SERVE, IN A MANNER THAT RESPONDS TO THE NEEDS OF OUR COMMUNITIES AND HONORS OUR FAITH HERITAGE.

  • NORTON-KING'S DAUGHTERS' HEALTH, INC. (NKDH) IS A NOT-FOR-PROFIT, ACUTE CARE HOSPITAL LOCATED IN MADISON, INDIANA. NKDH IS ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTH CARE SERVICES TO THE RESIDENTS OF JEFFERSON COUNTY AND THE SURROUNDING AREA. NKDH INCLUDES AN 86-LICENSED BED ACUTE CARE HOSPITAL, PHYSICIAN PRACTICE GROUPS, AND HOME HEALTH/HOSPICE SERVICES. DURING 2024, NKDH SERVED 2,311 INPATIENTS, 75,169 OUTPATIENTS, AND SAW 19,429 EMERGENCY DEPARTMENT ROOM VISITS AND 1,483 OBSERVATION CASES. IN ADDITION, NKDH'S OPERATING ROOMS CARED FOR 601 INPATIENT SURGICAL PATIENTS AND 2,099 SURGICAL OUTPATIENTS. ADDITIONALLY, 365 DELIVERIES WERE PERFORMED AT NKDH. NKDH'S PHYSICIAN PRACTICE GROUPS SAW 130,488 VISITS. NKDH'S HOME CARE SERVICES SAW 7,859 VISITS. UNDER ITS CHARITY PROGRAM, NKDH PROVIDED FREE CARE TO 446 PATIENTS TOTALING $1,378,777. ALSO, NKDH GRANTS A DISCOUNT FROM BILLED CHARGES TO ANY PATIENTS THAT HAVE NO ACCESS TO PRIVATE HEALTH INSURANCE OR DO NOT QUALIFY FOR GOVERNMENT ASSISTANCE OR CHARITY CARE. UNDER THIS PROGRAM, 4,223 PATIENTS WERE PROVIDED CARE AT DISCOUNTED RATES TOTALING $8,196,974 IN DISCOUNTS.

    Expenses $156,377,927 · Grants $266,304 · Revenue $139,827,794

As filed on the 2024 return.

Listed in Part VII

  • Adam Kempf

    Board Treasurer

    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

  • Darleen Connolly

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Joe Craig

    Board Vice Chair

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 4.5 related

  • Robert B Azar

    Board 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

  • Annie Schroeder

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Colen

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Hanson MD

    Physician/Board Member

    Total calculated
    $540,318
    From this org
    $504,092
    From related orgs
    $0
    Other
    $36,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $381,148
    Bonus
    $121,545
    Other
    $1,399
    Deferred
    $9,903
    Nontaxable benefits
    $26,323
    Filer's total
    $540,318

  • Mary Bette Voyles

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mary Kay McCubbin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Israel MD

    Physician/Board Member

    Total calculated
    $576,945
    From this org
    $546,621
    From related orgs
    $0
    Other
    $30,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $378,955
    Bonus
    $164,985
    Other
    $2,681
    Deferred
    $11,801
    Nontaxable benefits
    $18,523
    Filer's total
    $576,945

  • Scott Watkins

    Board Member

    Total calculated
    $1,031,960
    From this org
    $0
    From related orgs
    $851,210
    Other
    $180,750
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $520,111 related
    Bonus
    $0 + $231,965 related
    Other
    $0 + $99,134 related
    Deferred
    $0 + $149,446 related
    Nontaxable benefits
    $0 + $31,304 related
    Filer's total
    $0 + $1,031,960 related

  • Sharyn Whitman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Susan Ohlendorf

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Carol Dozier

    President/CEO

    Total calculated
    $806,836
    From this org
    $705,306
    From related orgs
    $0
    Other
    $101,530
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $462,917
    Bonus
    $166,827
    Other
    $75,562
    Deferred
    $93,445
    Nontaxable benefits
    $8,085
    Filer's total
    $806,836

  • John Price

    CFO

    Total calculated
    $466,563
    From this org
    $394,840
    From related orgs
    $0
    Other
    $71,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,180
    Bonus
    $51,051
    Other
    $65,609
    Deferred
    $50,781
    Nontaxable benefits
    $20,942
    Filer's total
    $466,563

  • George Alcorn MD

    Physician

    Total calculated
    $773,401
    From this org
    $747,219
    From related orgs
    $0
    Other
    $26,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $517,932
    Bonus
    $210,590
    Other
    $18,697
    Deferred
    $13,800
    Nontaxable benefits
    $12,382
    Filer's total
    $773,401

  • Kenneth Mackinlay MD

    Physician

    Total calculated
    $959,999
    From this org
    $918,875
    From related orgs
    $0
    Other
    $41,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $724,684
    Bonus
    $177,923
    Other
    $16,268
    Deferred
    $13,800
    Nontaxable benefits
    $27,324
    Filer's total
    $959,999

  • Nathan Polley MD

    Physician

    Total calculated
    $1,484,374
    From this org
    $1,456,668
    From related orgs
    $0
    Other
    $27,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,064,325
    Bonus
    $365,693
    Other
    $26,650
    Deferred
    $13,800
    Nontaxable benefits
    $13,906
    Filer's total
    $1,484,374

  • Raymonda Stevens MD

    Physician

    Total calculated
    $1,092,249
    From this org
    $1,077,288
    From related orgs
    $0
    Other
    $14,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $832,806
    Bonus
    $242,638
    Other
    $1,844
    Deferred
    $13,800
    Nontaxable benefits
    $1,161
    Filer's total
    $1,092,249

  • Sean Owens MD

    Physician

    Total calculated
    $697,954
    From this org
    $673,009
    From related orgs
    $0
    Other
    $24,945
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $545,070
    Bonus
    $122,105
    Other
    $5,834
    Deferred
    $13,800
    Nontaxable benefits
    $11,145
    Filer's total
    $697,954

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 1a Discretionary spending account
THE INTERESTED PERSON LISTED BELOW RECEIVED THE BENEFIT OF A DISCRETIONARY SPENDING ACCOUNT IN 2024: Carol Dozier
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
The President/CEO, Vice President of Finance/CFO, and Vice President of Inpatient Services/Chief Nursing Officer are paid by a related organization, Norton Healthcare Inc. Norton Healthcare, Inc. (NHC) engages an outside independent compensation consultant, Gallagher, to provide comparability data on total compensation for similar positions at health systems and hospital organizations similar in size, scope of services, and circumstances, including review of other health systems and hospital organizations that have filed Form 990s. In addition, Norton Healthcare, Inc. participates in third party surveys which provide aggregate, comparative compensation data for officers and key employees in similar positions at similar organizations. Compensation for the Vice-President on Physician Services is paid by Norton-King's Daughters' Health, Inc. The pay rate is established by a related organization, Norton Healthcare Inc. (NHC). Norton Healthcare, Inc. (NHC) engages an outside independent compensation consultant, Gallagher, to provide comparability data on total compensation for similar positions at health systems and hospital organizations similar in size, scope of services, and circumstances, including review of other health systems and hospital organizations that have filed Form 990s. In addition, Norton Healthcare, Inc. participates in third party surveys which provide aggregate, comparative compensation data for officers and key employees in similar positions at similar organizations.
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 Robert Azar - $136,740 Adam Kempf - $187,984 Carol Dozier - $72,745 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 Robert Azar - $96,040 Adam Kempf - $107,772 Carol Dozier - $55,218
Schedule J, Part I, Line 7 Non-fixed payments
PHYSICIANS ARE ELIGIBLE FOR INCENTIVE COMPENSATION. THE PHYSICIAN IS COMPENSATED FOR EACH WORK RVU PERFORMED DURING THE CALENDAR YEAR IN EXCESS OF THE PHYSICIAN'S WORK RVU INCENTIVE THRESHOLD FOR THE CALENDAR YEAR MULTIPLIED BY THE INCENTIVE RVU PAYMENT. NON-PHYSICIAN BONUS COMPENSATION IS DISCRETIONARY, SOLEY UP TO THE BOARD OF MANAGERS, AND THE CALCULATION FOR SAID BONUS COMPENSATION VARIES FROM YEAR TO YEAR.

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

  • Norton Healthcare Foundation Inc

    $229,984

    Donation given to the Norton Healthcare Foundation. The Norton Healthcare Foundation raises funds to purchase new equipment, provide programs and education, and fund research to improve the lives of patients and their families who come to Norton for help each year.

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 · INVEST IN PARTNERSHIPS · 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
202533109349303773

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