NonprofitsNorton Properties Inc

Health Care

Norton Properties Inc

LOUISVILLE, KY

Total revenue

$72.7M

Total expenses

$82.3M

Net assets

Grants received

$65K

2 grants

EIN

611028724

Tax year

2024

Mission

Norton Properties, Inc. (Properties) owns properties that are used to support the charitable health care purposes of Norton Healthcare, Inc. (NHC), primarily of Norton Hospitals, Inc. (Hospitals), Community Medical Associates, Inc. and NHC. Properties owns medical office buildings that are leased by physicians on the medical staff of Hospitals. It also leases office space and parking facilities for the convenience of NHC employees, physicians of the medical staff of Hospitals, and guests.

Financials

FY 2024

Revenue

Contributions & grants$2K
Program service revenue$72.6M
Investment income$57K
Other revenue$3K
Total revenue$72.7M

Expenses

Grants paid
Salaries & benefits$2.9M
Fundraising
Other expenses$79.3M
Total expenses$82.3M
Total assets$392.7M
Net assets

People

26 listed

NameRoleCompensation

Edie Nixon

Chair

Board

0.5 hrs/wk

G Hunt Rounsavall Sr

Trustee

Board

0.5 hrs/wk

Gail Lyttle

Trustee

Board

0.5 hrs/wk

Gary L Stewart

Trustee

Board

0.5 hrs/wk

Gregory E Mayes

Trustee

Board

0.5 hrs/wk

James L Sublett MD

Trustee (PARTIAL YEAR)

Board

0.5 hrs/wk

Joe Craig

Trustee

Board

0.5 hrs/wk

Judge Denise Clayton

Trustee

Board

0.5 hrs/wk

Lee K Garlove

Trustee

Board

0.5 hrs/wk

Russell F Cox

President & CEO/Trustee

Board

1 hrs/wk

Maria L Bouvette

Trustee

Board

0.5 hrs/wk

Martha K Heyburn MD

Trustee

Board

0.5 hrs/wk

Richard R Ivey

Trustee

Board

0.5 hrs/wk

Ronald Lehocky MD

Trustee

Board

0.5 hrs/wk

Sue Davis EdD RN

Trustee

Board

0.5 hrs/wk

Adam Kempf

Sr VP & CFAO

Board

1 hrs/wk

Michael W Gough

Exec VP and COO (partial year)

Board

1 hrs/wk

Robert B Azar

Sr VP Chief Legal Officer/Secretary

Board

1 hrs/wk

Maria Hampton

Trustee

Board

0.5 hrs/wk

Barry Pennybaker

Trustee

Board

0.5 hrs/wk

Craig D Grant

Vice Chair

Board

0.5 hrs/wk

Donald H Robinson

Trustee

Board

0.5 hrs/wk

Nadareca Thibeaux

Dir, LouMed

Staff

$175K

40 hrs/wk

Scott L Stanton

System Director Properties

Staff

$165K

40 hrs/wk

Mark Spivey

Dir, Property Administration

Staff

$144K

40 hrs/wk

Steven Morse

Dir, Safety and Security

Staff

$114K

40 hrs/wk

Independent contractors

Abel Construction Co Inc

Electrical Contractor

$2.7M

Integrated Service Solutions

Cleaning Services

$652K

Intec Building Services Inc

Cleaning Services

$646K

Pine Tree Mechanical Co

Construction Services

$361K

Ready Electric Company Inc

Electrical Work

$325K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$15K
FUNDING OF PROGRAMS, SERVICES AND CAPITAL PROJECTS
2020
$50K
FUNDING OF CAPITAL PROJECTS
2018

Funded by

$65K from 2 funders · 2 grants · 2018–2020

Details

EIN611028724
NTEE codeE110
Subsection03
Ruling date1984-01
Formed1981
Employees109
Volunteers2
NORTON PROPERTIES INC — Mission, Financials & Grants Received | Grantivo