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Norton Healthcare Foundation

Louisville, KY · EIN 31-0914919 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Norton Healthcare Foundation reported $14.8 million in revenue and $11.5 million in expenses for calendar year 2024. Of every $100 it spent, $85.24 went to program services, $4.81 to management and general costs and $9.95 to fundraising. Its largest source of revenue was contributions and grants: 74.3% of the total. Government grants made up 15.3%. The highest compensation it reported for one person was $4,115,838 (President & CEO). 4 people received more than $100,000 in reportable compensation. Revenue rose 91% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $15M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
85.2%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
4.8%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
9.9%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.10$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
74.3%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
15.3%0.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$4,115,838$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
35.91%1.34%
People paid over $100,000
Part VII, line 2
427
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
69.66.6
Independent voting board members
Part VI 1a–1b
23 of 2588.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$4.9M expenses · 50.4% of program spending · grants $4.9M

The Norton Healthcare Foundation is the philanthropic arm of the not-for-profit Norton Healthcare's adult services and four adult-service hospitals: Norton Audubon Hospital, Norton Brownsboro Hospital, Norton Hospital and Norton Women's & Children's Hospital. The Norton Healthcare Foundation raises funds each year to improve programs, equipment and facilities, research and education, enabling the hospitals to stay up to date with medical advances, technology and maintaining the community's access to high-quality health care. The Foundation was able to fund the following programs in 2024: *…

$4.8M expenses · 49.6% of program spending · grants $4.8M

CAPITAL PROJECTS ARE ALSO FUNDED BY THE NORTON HEALTHCARE FOUNDATION. IN 2024, THE FOUNDATION PROVIDED FUNDING FOR THE FOLLOWING PROJECTS: *Norton West Louisville Hospital construction and equipment support *Parkinson's Center Focused Ultrasound Technology and support *NWCH Labor and Delivery room support

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President & CEO
Officer, 1.0 hrs/week
$0$3,633,654$482,184$4,115,838
Exec VP and COO (partial year)
Officer, 1.0 hrs/week
$0$3,200,723$16,296$3,217,019
Sr VP & CFAO
Officer, 1.0 hrs/week
$0$1,418,297$241,646$1,659,943
Sr VP Chief Legal Officer/Secretary
Officer, 1.0 hrs/week
$0$1,125,537$176,992$1,302,529
Sr VP WCCP/ CDO
Key employee, 6.0 hrs/week
$60,000$731,650$128,645$920,295
Director / Sys VP, Associate Chief Hospital Officer
Director/trustee, 1.0 hrs/week
$0$627,189$116,793$743,982
Director / System VP Women's Service Line
Director/trustee, 1.0 hrs/week
$0$390,649$70,602$461,251
Sys Dir, Events/Community Relations
Highest compensated employee, 8.0 hrs/week
$52,655$210,618$33,299$296,572

4 people received more than $100,000 in reportable compensation from Norton Healthcare Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $62,000 (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$15M$11M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$15M$11M85.2%$66M$4,115,838
2023 ⓘ$13M$13M89.7%$61M$3,485,645
2022 ⓘ$8.2M$7.3M83.1%$58M$4,959,205
2021 ⓘ$15M$5.6M79.3%$65M$2,883,490
2020 ⓘ$8.1M$7.0M86.0%$55M$2,713,272
2019 ⓘ$7.7M$5.9M83.9%$51M$2,699,644

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b25 · 23 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 59
  • Volunteers Part I, line 6363

Private foundation grants it received

20 private foundations reported grants to Norton Healthcare Foundation totaling $169K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Norton Healthcare Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Norton Healthcare Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Kentucky

Questions people ask

How much of Norton Healthcare Foundation's spending goes to programs?

In calendar year 2024, Norton Healthcare Foundation reported that 85.2% of its $11.5 million in expenses went to program services, 4.8% to management and general and 9.9% to fundraising (Form 990, Part IX).

How much does Norton Healthcare Foundation pay its top executive?

The largest total compensation Norton Healthcare Foundation reported for one person in calendar year 2024 was $4,115,838, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Norton Healthcare Foundation get its money?

Of $14.8 million in revenue in calendar year 2024, 74.3% came from contributions and grants (including 15.3% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is Norton Healthcare Foundation a registered charity?

The IRS lists EIN 31-0914919 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503109349303375 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202423179349300427 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313179349300411 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202213189349319296 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103169349308250 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023119349301892 · read the filing

All filings for EIN 31-0914919: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.