Executive Compensation at Johns Hopkins Health System Corporation (2019)
The Johns Hopkins Health System Corporation (JHHSC), along with Johns Hopkins University School of Medicine is collectively referred to as Johns Hopkins Medicine – an integrated healthcare system that includes the medical school, six hospitals, four healthcare and surgery centers, and 39 outpatient healthcare sites.
Although Johns Hopkins Medicine has numerous non-profits, the focus of this post is the executive compensation at JHHSC (a non-profit 501 (c) (3) that serves as a support organization for the healthcare system providing management, centralized purchasing, distribution, legal, claims management and other services to support the medical service providers.
There are 15 voting members (trustees) of the governing body (board of trustees), 14 of whom are independent. 12 of the 15 (80%) are male while 3 of the 15 (20%) are female.
In 2019, JHHSC reported total revenue of $409 million, most of which came from “affiliation fees” ($299 million) which appears to be from the affiliate organizations, investment income ($69 million), contributions, gifts and grants ($18 million, most of which came from related organizations), and PACE program revenue ($14 million).
Expenses totaled $455 million (not including $12 million in depreciation) in 2019 with the largest expenses reported to be compensation ($208 million) and purchased service ($79 million).
JHHSC employed 3,216 individuals who were compensated $208 million, which equates to an average compensation of $65,000 549 employees received more than $100,000 in compensation with the 38 most highly compensated employees listed below:
- $3,243,361: Ronald R Peterson, Former President/Trustee
- $1,605,024: Robert Kasdin, EVP, Finance
- $1,413,845: G Daniel Shealer Jr, SVP, General Counsel, Asst Secy
- $1,366,726: Kevin W Sowers, President, Trustee
- $1,344,722: Daniel B Smith, SVP, Finance
- $1,306,978: Michael L Larson, SVP, CFO, Finance
- $1,241,011: Redonda Miller, Executive
- $1,236,806: Ronald J Werthman, Former Officer
- $1,113,211: Pamela D Paulk, Former Officer
- $1,084,016: Richard Davis, Executive
- $1,014,791: Inez Stewart, SVP, HR
- $ 986,321: Richard Bennett, Executive
- $ 946,795: Charles Reuland, Executive
- $ 932,960: Patricia Brown, Executive
- $ 853,030: Steven Kravat, Executive
- $ 834,409: Peter Hill, SVP, Medical Affairs
- $ 818,776: John M Colmers, SVP, Healthcare Transformation
- $ 786,073: Martin Basso, VP, Finance Community Division
- $ 778,392: Sally W MacConnell, SVP, Facilities
- $ 728,607: Deborah J Baker, SVP, Nursing
- $ 707,072: Kenneth Grant, Former Officer
- $ 571,249: Linda Kline, VP Health Info Tech
- $ 565,361: Mary Cooke, Executive
- $ 557,553: Delal J Haldeman, Former Officer
- $ 556,623: J Edward Beranek, VP, Revenue Management and Reimbursements
- $ 550,979: Thomas Trzcinski, VP, Finance and Treasurer
- $ 540,010: Renee Demski, VP, Quality
- $ 488,501: Samuel H Clark, Jr, Assistant Secretary
- $ 450,691: Peter B Mancino, VP, Corporate Compliance and HIPPA
- $ 446,950: Queenie Plater, VP, HR, Community Division
- $ 420,127: Margaret Garrett, VP, Risk Management
- $ 413,342: Daniel M Ashby, VP, Pharmacy Services
- $ 353,083: Sandra Johnson, VP, Revenue Cycle Management
- $ 346,218: Amy Deutschendorf, VP, Care Coor and Clin Resource
- $ 345,352: Gregory Miller, Assistant Treasurer
- $ 342,431: Joanne E Pollak, Former Officer
- $ 305,673: David Simpkins, VP, Mrktg and Comm, Capital Reg
- $ 202,637: Keith Hill, Former Officer
24 of the 38 (63%) most highly compensated employees are male while 14 of the 38 (37%) are female. 8 of the 10 most highly compensated employees are male while 2 are female.
For information on the supplemental retirement deferred compensation plans, see the Form 990, Schedule J, Part III, Supplemental Information.
Kevin Sowers, a trustee and officer, is also a board member of Vizient, a company that received $1 million in healthcare consulting services.
Paul Rothman, a trustee and officer, is also a director at Merck who has an interest in the Staywell Company, with whom JHHSC spent $200,000 to purchase a license to use education content.
99 independent contractors received more than $100,000 in compensation. The five highest were reported to be:
- $6.0 million: FSK Land Corp, of Baltimore, MD for real estate services
- $3.9 million: Conewago Enterprises, of Hanover, PA for construction services
- $3.1 million: 3M Health Info Systems, of Pittsburgh, PA for software maintenance
- $2.6 million: Price Waterhouse Coopers LLP, of Philadelphia, PA for accounting
- $2.0 million: Mullan Enterprises, of Lutherville, MD for real estate services
To read the IRS Form 990 (2018 for the year ending June 30, 2019), click here.