Norton - Kings Daughters Health Inc
- Assets
- $337.3m
- Revenue
- $146.4m
- Investments
- $0.0
- Employees
- 1,045
- Location
- Madison, IN
- Founding
- 10/1941
- Data as of
- 12/2022
- EIN
- 35-0895832
Organization Overview
Norton - Kings Daughters Health Inc, operating under the name King's Daughters' Health, is located in Madison, IN. The organization was established in 1941. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, King's Daughters' Health employed 1,045 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. King's Daughters' Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, King's Daughters' Health generated $146.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $141.1m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NORTON - KING'S DAUGHTERS' HEALTH, INC.'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.
Describe the Organization's Program Activity:
NORTON-KING'S DAUGHTERS' HEALTH, INC. (NKDH) IS A NOT-FOR-PROFIT, ACUTE CARE HOSPITAL LOCATED IN MADISON, INDIANA. NKDH IS ORGANIZED FOR THE PURPOSE OF PROVIDING HEALTH CARE SERVICES TO THE RESIDENTS OF JEFFERSON COUNTY AND THE SURROUNDING AREA. NKDH INCLUDES AN 86-LICENSED BED ACUTE CARE HOSPITAL, PHYSICIAN PRACTICE GROUPS, AND HOME HEALTH/HOSPICE SERVICES. DURING 2022, NKDH SERVED 2,042 INPATIENTS, 68,718 OUTPATIENTS, AND SAW 18,541 EMERGENCY DEPARTMENT ROOM VISITS AND 1,936 OBSERVATION CASES. IN ADDITION, NKDH'S OPERATING ROOMS CARED FOR 579 INPATIENT SURGICAL PATIENTS AND 2,089 SURGICAL OUTPATIENTS. ADDITIONALLY, 380 DELIVERIES WERE PERFORMED AT NKDH. NKDH'S PHYSICIAN PRACTICE GROUPS SAW 121,689 VISITS. NKDH'S HOME CARE SERVICES SAW 7,319 VISITS. UNDER ITS CHARITY PROGRAM, NKDH PROVIDED FREE CARE TO 295 PATIENTS TOTALING $816,223 IN GROSS CHARGES. ALSO, NKDH GRANTS A DISCOUNT FROM BILLED CHARGES TO ANY PATIENTS THAT HAVE NO ACCESS TO PRIVATE HEALTH INSURANCE OR DO NOT QUALIFY FOR GOVERNMENT ASSISTANCE OR CHARITY CARE. UNDER THIS PROGRAM, 3,103 PATIENTS WERE PROVIDED CARE AT DISCOUNTED RATES TOTALING $1,467,455 IN DISCOUNTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Chairperson | Trustee | 1 | $0 |
Name Not Listed Board Vice Chairperson | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prolink Staffing Services Llc Contracted Staffing | 12/30/22 | $2,271,789 |
Medical Solutions Llp Contracted Staffing Services | 12/30/22 | $957,718 |
Emcare Inc Contracted Physician And Midlevel Provider Services | 12/30/22 | $1,601,305 |
Weatherby Locums Inc Contracted Physician And Midlevel Provider Services | 12/30/22 | $942,639 |
Arup Laboratories Inc Laboratory Testing Services | 12/30/22 | $1,060,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,713 |
| Related organizations | $0 |
| Government grants | $1,058,554 |
| All other contributions, gifts, grants, and similar amounts not included above | $956,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,028,192 |
| Total Program Service Revenue | $123,299,593 |
| Investment income | $4,610,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $91,574 |
| Net Gain/Loss on Asset Sales | $15,805,356 |
| Net Income from Fundraising Events | $35,346 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,360,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,462 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,740,302 |
| Compensation of current officers, directors, key employees. | $542,573 |
| Compensation to disqualified persons | $32,742 |
| Other salaries and wages | $51,679,122 |
| Pension plan accruals and contributions | $2,007,999 |
| Other employee benefits | $8,708,243 |
| Payroll taxes | $3,519,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,970 |
| Fees for services: Accounting | $367,011 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $623,853 |
| Fees for services: Other | $21,218,824 |
| Advertising and promotion | $133,069 |
| Office expenses | $834,013 |
| Information technology | $625,169 |
| Royalties | $0 |
| Occupancy | $2,199,550 |
| Travel | $95,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,228,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,017,413 |
| Insurance | $1,360,507 |
| All other expenses | $567,215 |
| Total functional expenses | $141,096,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,950 |
| Savings and temporary cash investments | $23,867,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,311,887 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $457,591 |
| Inventories for sale or use | $3,541,029 |
| Prepaid expenses and deferred charges | $738,178 |
| Net Land, buildings, and equipment | $92,082,069 |
| Investments—publicly traded securities | $187,620,247 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,626,031 |
| Total assets | $337,254,827 |
| Accounts payable and accrued expenses | $8,192,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $460,556 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $371,310,452 |
| Total liabilities | $379,963,394 |
| Net assets without donor restrictions | -$43,451,453 |
| Net assets with donor restrictions | $742,886 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $337,254,827 |
Grants Awarded
Over the last fiscal year, Norton - Kings Daughters Health Inc has awarded $16,386 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
IHA HOSPITAL ASSISTANCE FOUNDATION PURPOSE: DONATION | $11,386 |
COMMUNITY FOUNDATION OF MADISON AND JEFFERSON COUNTY INC PURPOSE: DONATION | $5,000 |