I Learned to Boil Water Today
We moved into a new home recently (our last move; 9 major moves in 33 years has depleted my sense of adventure) and although the kitchen looked spectacular when I first laid eyes on it, I didn’t notice the ceramic glass stove top was induction, which means it’s not electric and it’s not gas – the two energy sources I’m familiar with using. Read more 
Executive Compensation at Rotary International (2022)
Rotary International (RI) is a 501 (c) (4) – a social welfare organization that oversees 32,000 Rotary International Club organizations – based in Evanston, Illinois. Governed by a 19-member board (the president, president-elect, general secretary who is also the CEO, and Rotary Zone Directors), RI reported total revenue of $104 million most of which came from membership dues. Expenses totaled $102 million with the largest expense reported to be compensation.
RI reported having 350 employees who were compensated $42 million which equates to an average compensation of $120,000. However, only 90 individuals received more than $100,000 in compensation with the 14 most highly compensated individuals listed below: Read more
Executive Compensation at Rotary International (2021)
Rotary International (RI) is a 501 (c) (4) – a social welfare organization that oversees 32,000 Rotary International Club organizations – based in Evanston, Illinois. Governed by a 19-member board (the president, president-elect, general secretary who is also the CEO, and Rotary Zone Directors), RI reported total revenue of $96 million most of which came from membership dues. Expenses totaled $86 million with the largest expense reported to be compensation.
RI reported having 343 employees who were compensated $41 million which equates to an average compensation of $120,000. However, only 88 individuals received more than $100,000 in compensation with the 15 most highly compensated individuals listed below: Read more
Executive Compensation at the Horatio Alger Association
The Horatio Alger Association (HAA) is a tax-exempt, non-profit 501 (c) 3, HAA is based in Alexandria, Virginia. The organization is overseen by 72 independent voting members (board members) of the governing body, although 75 are listed on the 2021 Form 990, which appears to be due to timing differences. 68 of the 75 board members (91%) are male while 7 of the 75 members (9%) are female.
HAA was named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society. Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance. At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. Read more
How Revenue is Spent at the Horatio Alger Association
The Horatio Alger Association (HAA) is named for the gilded age writer, Horatio Alger who wrote about impoverished boys who rose from their humble backgrounds through education and good works to higher echelons of society. Consequently HAA awards need based scholarships and honors the achievements of those who have overcome adversity and obtained personal achievement and success throw perseverance. At the heart of HAA is the firm belief in achieving the “American Dream” through the free-enterprise system. Read more
Executive Compensation at Carle Health Care, Carle Hospital, and Carle Foundation
Carle Health is a vertically integrated healthcare system (health insurance, medical care, education, and research) with 8 hospitals and group practices that employ more than 1,300 physicians and nearly 17,000 workers in Illinois, Indiana, Washington, and North Carolina. Carle Health also encompasses a medical school (Carle Illinois College of Medicine at Methodist College) and a research Institute (Stephens Family Clinical Research Institute). Read more
Executive Compensation at Northwell Health (2021)
Northwell Health is New York’s largest healthcare provider with 22 hospitals and 750 outpatient facilities with more than 85,000 employees across the network (which includes many organizations).
The focus of this post is on the executive compensation of Northwell Healthcare, Inc. (NHI), a non-profit, tax-exempt 501 (c) (3) that provides advisory and administrative support services to the affiliated healthcare organizations that comprise Northwell Health. This means the primary source of income for NHI is the revenue the affiliated organizations give, which amounted to $2.0 billion in 2021 (out of $2.3 billion in total revenue). In other words, the organizations that make up Northwell Healthcare paid $2 billion to a related organization to manage themselves.
Expenses for NHI totaled $1.8 billion (not including $191 million in depreciation) with the largest expenses reported to be compensation ($949 million), office-related expenses ($340 million), purchased services and fees for services ($343 million), and interest ($90 million). Read more
Executive Compensation at Northwell Health (2020)
Northwell Health is New York’s largest healthcare provider with 22 hospitals and 750 outpatient facilities with more than 85,000 employees across the network (which includes many organizations).
The focus of this post is on the executive compensation of Northwell Healthcare, Inc. (NHI), a non-profit, tax-exempt 501 (c) (3) that provides advisory and administrative support services to the affiliated healthcare organizations that comprise Northwell Health. This means the primary source of income for NHI is the revenue the affiliated organizations give, which amounted to $1.6 billion in 2020 (out of $1.8 billion in total revenue).
Expenses for NHI totaled $1.6 billion (not including $163 million in depreciation) with the largest expenses reported to be compensation ($826 million), office-related expenses ($327 million), purchased services and fees for services ($306 million), and interest ($94 million). Read more
Executive Compensation at Baycare Health (2021)
Baycare Health System is one of the largest healthcare systems in Florida. Headquartered in Clearwater with 16 hospitals, 18 urgent care centers, 4 surgery centers, 38 imaging facilities, 179 primary care and physician practice locations, and 35 walk-in health care facilities in Publix supermarkets throughout Tampa Bay and West Central Florida, Baycare Health System serves the Tampa Bay and western-central regions of Florida.
Baycare Health System consists of dozens of other organizations (i.e. tax-exempt organizations, taxable partnerships, corporations, and trusts), who pay a “management fee” to a tax-exempt, non-profit entity called “Baycare Health Systems, Inc” (BHSI). BHSI manages the whole system. This post reports the executive compensation of BHSI only (see the other Form 990’s for executive compensation of other related/affiliated entities). Read more
Executive Compensation at Ascension Health (2021)
Ascension Health is the nation’s largest Catholic non-profit health system with 139 hospitals, 2,600 sites of care, and 39 senior living facilities in 19 states and the District of Columbia. The sole corporate member of Ascension Health is Ascension Health Alliance, a Missouri non-profit 501 (c) (3). Consequently, there are two separate IRS Form 990’s that need to be viewed to gain an understanding of the executive compensation. There are numerous other organizations within Ascension Health but those are not covered in this post. Read more
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