Official Seal, Everything Is Broken (2026)

Everything Is Broken

Report No. 1 · Nonprofit Hospital Executive Pay vs Charity Care · Annual Report, 2026 edition

Kentucky · Indiana · Ranked 66 of 1033 by CEO pay.

Norton Hospitals

Russell F Cox, President & CEO/Trustee. Fiscal year ending 2024-12.

$4.1M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.54%
of expenses spent on charity care
Schedule H Part I line 7a
24.6%
CEO pay as a share of all charity care
Russell F Cox’s pay of $4,115,838 equals 24.6 percent of the $16,714,612 the system spent on charity care in the same year.

Most of the reported compensation ($3,633,654 of $4,115,838) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$3,568,877,663
Total expenses
$3,083,255,893
Net assets
$4,320,720,374
Employees
16,116
Hospitals covered
8 facilities across 2 filings
Charity care, net
$16,714,612
Bad debt
$0
Medicare surplus (shortfall), as filed
($71,193,878)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$3,633,654
Other compensation, including deferred pay and nontaxable benefits (col. F)
$482,184
CEO total compensation (D+E+F)
$4,115,838 to Russell F Cox

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Norton Hospitals, EIN 61-0703799, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$145.8M Of which charity care to patients who could not pay (line 7a)$16.7M (11%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($0) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

§3Filings in this system

Filing entityEINFY endRevenueCharity care% of expensesFiling
Norton Hospitals Inc61-07037992024-12$3.4B$15.2M0.54%990
Norton Healthcare-Indiana Inc85-05132592024-12$197.6M$1.5M0.59%990

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Norton Hospitals: CEO pay $4.1M, charity care 0.54% of expenses