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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Norton Properties Inc.

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 $3,633,654 $482,184
Michael W Gough
Executive Vice President and COO (Partial Year)
$3,217,019
$0 $3,200,723 $16,296
Adam Kempf
Senior Vice President and CFAO
$1,659,943
$0 $1,418,297 $241,646
Robert B Azar
Senior Vice President Chief Legal Officer/Secretary
$1,302,529
$0 $1,125,537 $176,992
Mark Spivey
Director, Property Administration
$218,673
$143,997 No related comp$74,676
Scott L Stanton
System Director Properties
$200,033
$164,923 No related comp$35,110
Nadareca Thibeaux
Director, Loumed
$176,072
$175,134 No related comp$938
Steven Morse
Director, Safety and Security
$134,749
$114,054 No related comp$20,695

Benchmark Employee Compensation

Non-Employee Board Members

Joe Craig
Trustee
$2,000
$0 $2,000 No other comp
G Hunt Rounsavall Sr
Trustee
$2,000
$0 $2,000 No other comp
James L Sublett, M.D.
Trustee (Part-Year)
$2,000
$0 $2,000 No other comp
Lee K Garlove
Trustee
$2,000
$0 $2,000 No other comp
Ronald Lehocky, M.D.
Trustee
$2,000
$0 $2,000 No other comp
Maria L Bouvette
Trustee
$2,000
$0 $2,000 No other comp
Barry Pennybaker
Trustee
$2,000
$0 $2,000 No other comp
Richard R Ivey
Trustee
$2,000
$0 $2,000 No other comp
Edie Nixon
Chair
$2,000
$0 $2,000 No other comp
Craig D Grant
Vice Chair
$2,000
$0 $2,000 No other comp
Judge Denise Clayton
Trustee
$2,000
$0 $2,000 No other comp
Sue Davis, Edd, Rn
Trustee
$2,000
$0 $2,000 No 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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