Executive Compensation at Carle Health Care, Carle Foundation Hospital, and Carle Foundation (2022)

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).

Based in Urbana, Illinois, Carle Health consists of a dozen tax-exempt organizations and 14 related organizations taxed as a partnership, corporation, or trust. This post will report the executive compensation as reported on three tax-exempt non-profits:  Carle Health Care, Carle Foundation Hospital (its flagship hospital in Urbana, IL), and the Carle Foundation (the parent company). A brief synopsis of these three organizations is summarized as follows:

Carle Health Care (CHC)

CHC is a tax-exempt, non-profit corporation with about 2,000 employees. In 2022, total revenue was reported to be $315 million, most of which came from patient service and programs ($309 million). Expenses were $448 million with the largest expenses reported to be compensation ($359 million), internal management fees ($40 million), and fees for services ($25 million).  The organization ended 2022 with net assets of -$16 million,

Carle Foundation Hospital (CFH)

CFH is a 433 bed regional care Trauma 1 hospital in Urbana, IL with about 5,200 employees. In 2022, total revenue was $1.25 billion, most of which came from patient care (net). Expenses totaled $1.1 billion with the largest expenses reported to be compensation ($347 million), patient care supplies ($273 million), internal management fees ($203 million), office-related expenses ($74 million), and fees for services ($136 million).  The organization had $243 million in net assets at the end of 2022.

Carle Foundation (CF)

CF is the parent organization of the health care system with about 2,900 employees.  In 2022, total revenue was $482 million, most of which came from management fees ($358 million) from related organizations, investment income/gains ($49 million), and rent from related organizations ($63 million).  Expenses totaled $475 million  (including $64 million of depreciation) with the largest expenses reported to be compensation ($210 million), office-related expenses ($96 million), fees for services ($54 million), interest ($37 million), and grants ($3 million),  Net assets were $1.8 billion (compared to $2.1 billion in 2021; the result (primarily) of unrealized losses on investments.

Executive Compensation:  CHC, CFH, and CF

The 41 most highly compensated employees of CHC, CFH, and CF were reported to be:

• $2,801,918:  James C Leonard, Ex-Officio, President and CEO
• $1,757,452:  Matthew Kolb, EVP and COO
• $1,700,899:  Dennis Hesch, EVP and CFO
• $1,700,764 :  Craig Neitzel, Physician
• $1,356,943:  William Holmes, Physician
• $1,330,526:  Sinisa Stanic, Physician, Radiology, Oncology
• $1,288,842:  Andrew Batey, Physician
• $1,246,162:  Robert Bane, Physician
• $1,141,155:  Laurence Fallon, EVP, Chief Legal Officer
• $1,001,069:  Lauren Schmid, EVP, Chief HR Officer
• $  933,296:  Colleen Kannaday, President, BMC
• $  858,813:  Napoleon Knight, Physician*
• $  807,713:  Issam Moussa, Medical Director, HVI
• $ 795,049:  Karen White, Trustee and Physician (thru 8/31/22)
• $  755,917:  Blair Rowitz, Associate CMO, Surgical Services
• $  728,917:  Caleb Miller, SVP, Sug/Diag Services, Primary Care
• $  716,130:  Ryan Porter, Trustee and Physician
• $  699,,039:  Sherfield Dawson, Trustee (beg 9/1/22)
• $  692,833:  Sinead Rice Madigan, Officer -EVP, CEO – Health Alliance
• $  686,599:  Kenneth Aronson, Former Officer
• $  657,669:  Elizabeth Angelo, SVP, Chief Nursing Office
• $  643,535:  Robert Healy, Chief Medical Quality Officer
• $  632,730:  John Wieland, Associate Chief Medical Officer
• $  631,082:  Richard Rinehart, VP,IT and CIO
• $  628,952:  Uretz Oliphant, Sec/Treasurer of Board, and Physician
• $  585,814:  Dawn Walden, SVP, Chief Revenue Cycle Officer
• $  547,394:  David Chan, Associate CMO
• $  545,699:  Sally Salmons, VP, Associate CMO Hosp Med
• $  522,096:  Malec Makraoui, Former Employee
• $  $482,055:  Charles Dennis, Former EVP, Chief Medical Officer
• $  431,755:  Julianna Sellett, Former Employee
• $  430,793:  Lynette Barnes, COO-CFH, SVP-Facilities (thru 2/28/22)
• $  388,116:  Aja Lystila, Trustee and Physician
• $ 355,561:  Nicholas Crompton, VP, Construction and Facility Services
• $  347,593:  Pamela Bigler, SVP, Former Nursing and CNO
• $  334,364:  Maria Fe P Celis, RN, CFH CIA
• $  329,724:  Jodi Davis, RN, House Administrator
• $  298,222:  Bruce Damon, Director, Clinical Imaging Research
• $  260,951:  Wendall Ryherd, MRI Tech, Radiology
• $  252,932:  Kerry Fox, Director, Periop Services tho SM

8 of the 10 of the most highly compensated employees are male. 10 of the most highly compensated employees received $76 million in compensation from 2017-2022:

James Leonard:  Total Compensation 2017-2022:  $20 million

• 2022:  $2,801,918
• 2021: $3,200,493
• 2021:  $5,286,135
• 2019:  $2,909,007
• 2018:  $2,772,422
• 2017:  $2,860,931

Matthew Kolb:  Total Compensation 2017-2022:  $7 million

• 2022:  $1,757,452
• 2021:  $1,497,167
• 2020:  $1,268,158
• 2019:  $  833,489
• 2018:  $  467,233
• 2017:  $  395,44

Dennis Hesch:  Total Compensation 2017-2022:  $10 million

• 2022:  $1,700,899
• 2021:  $1,942,708
• 2020:  $1,824,936
• 2019:  $1,582,427
• 2018:  $1,455,093
• 2017:  $1,484,594

Craig Neitzel:  Total Compensation 2017-2022:  $10 million

• 2022:  $1,700,764
• 2021:  $1,749,558
• 2020:  $1,396,870
• 2019:  $1,430,928
• 2018:  $1,465,441
• 2017:  $1,481,804

William Holmes:  Total Compensation 2017-2022:  $7 million

• 2022:  $1,356,943
• 2021:  $1,340,416
• 2020:  $1,246,261
• 2019:  $1,102,416
• 2018:  $1,101,727
• 2017:  $1,187,284

Sinisa Stanic:  Total Compensation 2017-2022:  $1.3 million

• 2022:  $1,330,526

Andrew Batey:  Total Compensation 2021-2022:  $2.5 million

• 2022:  $1,288,842
• 2021:  $1,239,601

Robert Bane:  Total Compensation 2017-2022:  $7 million

• 2022:  $1,246,122
• 2021:  $1,433,097
• 2020:  $1,254,243
• 2019:  $1,188,321
• 2018:  $1,267,973
• 2017:  $1,210,471

Laurence Fallon:  Total Compensation 2017-2022:  $7 million

• 2022:  $1,141,155
• 2021:  $1,326,334
• 2020:  $1,221,328
• 2019:  $1,179,066
• 2018:  $1,106,018
• 2017:  $  916,265

Lauren Schmid:  Total Compensation 2018-2022:  $4 million

• 2022: $1,001,069
• 2021:  $  843,153
• 2020:  $  709,550
• 2019:  $  529,189
• 2018:  $  444,823

To read about severance, pension and retirement contributions, and other compensation related costs, see the Form 990, Schedule J, Part III, Supplemental Information (links below).

To read the IRS Form 990 (2022) for Carle Health Care, click here.

To read the IRS Form 990 (2022) for Carle Foundation Hospital, click here.

To read the IRS Form 990 (2022) for Carle Foundation, click here.