Compensation 990

Norton Properties Inc.

Fiscal year ending 2024. Filed on November 6, 2025.

Accounting 224 E Broadway 5th Floor
Louisville, Kentucky 40202

Norton Properties Inc. (EIN: 61-1028724) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Norton Properties Inc., a 501(c)(3) charitable organization, reported compensation for 8 out of 109 total employees. Among the employees shown here, the average compensation is $1,378,107. The highest compensated employee at Norton Properties Inc. is Russell F Cox with fiscal year 2024 compensation of $4,115,838.

Revenue, expenses, and employee compensation

Revenue

$72,680,476

Expenses

$82,278,352

Employee compensation

$2,939,268
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Russell F Cox
President and Chief Executive Officer and Trustee
$4,115,838
$0 from org$3,633,654 from related$482,184 other
Michael W Gough
Executive Vice President and COO (Partial Year)
$3,217,019
$0 from org$3,200,723 from related$16,296 other
Adam Kempf
Senior Vice President and CFAO
$1,659,943
$0 from org$1,418,297 from related$241,646 other
Robert B Azar
Senior Vice President Chief Legal Officer/Secretary
$1,302,529
$0 from org$1,125,537 from related$176,992 other
Mark Spivey
Director, Property Administration
$218,673
$143,997 from orgNo related comp$74,676 other
Scott L Stanton
System Director Properties
$200,033
$164,923 from orgNo related comp$35,110 other
Nadareca Thibeaux
Director, Loumed
$176,072
$175,134 from orgNo related comp$938 other
Steven Morse
Director, Safety and Security
$134,749
$114,054 from orgNo related comp$20,695 other

Non-Employee Board Members

Joe Craig
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
G Hunt Rounsavall Sr
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
James L Sublett, M.D.
Trustee (Part-Year)
$2,000
$0 from org$2,000 from relatedNo other comp
Lee K Garlove
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
Ronald Lehocky, M.D.
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
Maria L Bouvette
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
Barry Pennybaker
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
Richard R Ivey
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
Edie Nixon
Chair
$2,000
$0 from org$2,000 from relatedNo other comp
Craig D Grant
Vice Chair
$2,000
$0 from org$2,000 from relatedNo other comp
Judge Denise Clayton
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp
Sue Davis, Edd, Rn
Trustee
$2,000
$0 from org$2,000 from relatedNo other comp

Contractors

Abel Construction Co Inc
Electrical Contractor
$2,703,383
Integrated Service Solutions
Cleaning
$652,238
Intec Building Services Inc
Cleaning
$645,518
Pine Tree Mechanical Co
Construction
$360,649
Ready Electric Company Inc
Electrical Work
$324,919

Mission Statement

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.

Revisions to this organization profile

November 6, 2025:
2024 Norton Properties Inc. 990 filed
November 12, 2024:
2023 Norton Properties Inc. 990 filed
November 13, 2023:
2022 Norton Properties Inc. 990 filed

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