Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Net Patient Revenue

  total $48,396,386 · related or exempt $48,396,386

• 2f · All other program service revenue

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

• 6a · Gross rents

  real property $209,342

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  real property $209,342 · personal property $0

• 6d · Net rental income or loss

  total $209,342 · related or exempt $209,342

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: Miscellaneous Revenue

  total $244,160 · related or exempt $244,160

• 11b · Other revenue: Cafeteria Income

  total $115,582 · excluded $115,582

• 11c · Other revenue: Purchase Discounts

  total $272 · related or exempt $272

• 11d · All other revenue

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

• 11e · Other revenue, total

  $360,014

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $22,889,222 · program services $22,889,222

• 8 · Pension plan contributions

  total $205,757 · program services $205,757

• 9 · Other employee benefits

  total $1,008,702 · program services $1,008,702

• 10 · Payroll taxes

  total $1,564,316 · program services $1,564,316

• 11g · Fees: other

  total $9,755,417 · program services $9,755,417 · management and general $0 · fundraising $0

• 13 · Office expenses

  total $625,988 · program services $625,988

• 16 · Occupancy

  total $1,521,156 · program services $1,521,156

• 17 · Travel

  total $38,905 · program services $38,905

• 20 · Interest

  total $28,387 · program services $28,387

• 22 · Depreciation, depletion and amortization

  total $1,510,502 · program services $1,510,502

• 23 · Insurance

  total $92,834 · program services $92,834

• 24a · Other expenses: Medical supplies

  total $7,926,153 · program services $7,926,153

• 24b · Other expenses: Provider tax expense

  total $3,652,819 · program services $3,652,819

• 24c · Other expenses: Repairs and maintenance

  total $2,151,695 · program services $2,151,695

• 24d · Other expenses: Allocated support

  total $1,236,622 · program services $1,051,129 · management and general $185,493

• 24e · All other expenses

  total $459,132 · program services $459,132 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $7,953,364

• 4 · Accounts receivable

  end of year $35,292,681

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  end of year $4,546,821

• 9 · Prepaid expenses and deferred charges

  end of year $1,869,085

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

  $50,226,614

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

  $1,312,933

• 10c · Land, buildings and equipment, net

  end of year $48,913,681

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  end of year $2,483,131

• 15 · Other assets

  beginning of year $0 · end of year $12,605,906

• 17 · Accounts payable and accrued expenses

  end of year $11,510,578

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $107,855,956

• 27 · Net assets without donor restrictions

  end of year -$5,701,865

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 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Norton Clark Hospital LLC

  Provide hospital services · IN · income $40,107,510 · assets $97,104,669

  Directly controlled by The Regional Health Network of Kentucky and Southern Indiana LLC

• Norton Clark Physician Practices LLC

  Provide physician services · IN · income $5,227,991 · assets $6,707,344

  Directly controlled by The Regional Health Network of Kentucky and Southern Indiana LLC

• Norton Scott Hospital LLC

  Provide hospital services · IN · income $4,944,088 · assets $9,176,140

  Directly controlled by The Regional Health Network of Kentucky and Southern Indiana LLC

• Norton Scott Physician Practices LLC

  Provide physician services · IN · income $170,658 · assets $153,330

  Directly controlled by The Regional Health Network of Kentucky and Southern Indiana LLC

• The Regional Health Network of Kentucky and Southern Indiana LLC

  Provide hospital and physician practice services · IN · income $0 · assets $0

  Directly controlled by Norton Healthcare-Indiana Inc

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