NORTON HEALTHCARE INC
ACCOUNTING 224 E BROADWAY 5TH FLOOR, LOUISVILLE, KY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $759,365,626 | $734,469,947 | $273,311,664 |
| FY2023 | $607,102,092 | $580,119,586 | $207,590,188 |
| FY2022 | $569,215,201 | $530,549,416 | $47,221,281 |
| FY2021 | $617,825,151 | $464,873,859 | $121,915,410 |
| FY2020 | $492,316,959 | $430,991,720 | -$115,281,164 |
| FY2019 | $427,562,803 | $390,879,950 | -$284,828,933 |
| FY2018 | $389,424,748 | $335,370,705 | -$466,655,430 |
| FY2017 | $212,683,950 | $281,379,078 | -$413,231,704 |
| FY2016 | $199,400,509 | $260,145,778 | -$426,488,505 |
| FY2015 | $217,648,672 | $246,290,164 | -$385,389,182 |
| FY2014 | $188,271,725 | $224,321,049 | -$266,328,795 |
| FY2013 | $206,226,995 | $251,370,542 | -$233,321,141 |
| FY2012 | $180,233,257 | $234,100,736 | -$186,113,874 |
| FY2011 | $176,099,788 | $194,117,660 | -$171,653,620 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $4,670,810 | 1% |
| Program service revenue | $592,291,987 | 99% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $620,065,679 | 84% |
| Management & general | $114,404,268 | 16% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2024.
- Program services accounted for 84% of functional expenses, management & general 16%, and fundraising 0%.
- 84% of functional expenses went to program services in FY2024. That is higher than 46.8% of 77 Health Care organizations in KY.
- Net assets covered about 4.5 months of expenses at the end of the reporting year. That puts it in the 28th percentile among 289 Health Care organizations in KY.
- Total revenue was higher than 97.3% of 299 Health Care organizations in KY.
- Total revenue rose from $176,099,788 in FY2011 to $759,365,626 in FY2024, Revenue increased in 10 and decreased in 3 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017).
- Net assets grew from -$171,653,620 to $273,311,664 between FY2011 and FY2024.
- Donations may be deductible (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Norton Healthcare'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.
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E210 — Health Care (in KY) |
| Donations | Donations may be deductible (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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