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31
May

Executive Compensation at Kaiser Health (2022)

Kaiser Health is one of many terms (Kaiser, Kaiser Permanente, etc) that refers to one of the nation’s largest not-for-profit health care insurers and providers with more than 12.5 million members (primarily in California but also in Hawaii, Colorado, Georgia, Oregon, Washington, Virginia, Maryland, and the District of Columbia). With 40 hospitals, more than 600 medical offices, and about 236,000 employees, Kaiser Health is considered one of the leaders in the industry.

Kaiser Health is comprised of the health plan (Kaiser Foundation Health Plan, Inc), the hospitals (Kaiser Foundation Hospitals) and the medical groups (Permanente Medical Groups) although there are numerous non-profits that make up the entire organization. The focus of this post is on the executive compensation reported on the Form 990 of the Kaiser Foundation Health Plan, Inc. (KFHP) because this organization reports the compensation for the key executives including the Chairman and CEO (as opposed to a related organization reporting compensation from a related organization). Read more

29
May

Executive Compensation at Providence St Joseph Health (WA) 2022

Providence Health and Services – Washington (PH&S) is part of the Providence St Joseph Health (PSJH), a non-profit, tax-exempt integrated healthcare provider associated with the Catholic Church. With 51 hospitals and nearly 1,000 clinics staffed by 122,000 employees across seven western states (Washington, Oregon, Montana, New Mexico, California, Texas, and Alaska), the Providence St Joseph Health system came to be when PH&S merged with Providence St. Joseph Health (PSJH), in 2016. (note: PSJH – the overall executive management arm – is the sole member of PH&S).

There are 111 tax-exempt organizations, 49 taxable partnerships, and 47 taxable corporations or trusts that make up the network.  These organizations pay PH&S about $4 billion annually for management and oversight. Read more »

27
May

Executive Compensation at Ascension Health (2022)

Ascension Health is the nation’s largest Catholic non-profit health system with 140 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).  In addition, there is Ascension Health -IS, Inc who provides information technology support to the network organizations.   Consequently, there are three separate IRS Form 990’s that need to be viewed to gain an understanding of the executive compensation. Read more »

25
May

Executive Compensation at PGA Tour, Inc (2022)

The PGA Tour, Inc. is a tax-exempt, non-profit 501 (c) 6 – a membership organization for touring professional golfers – up to a maximum of 156 who participate in 47 events (44 regular events and 3 playoff events). The exact number of members is difficult to determine since there are various exemptions and player status (the top 125 ranked players have their card renewed annually but players ranked between 126-150 can retain their card and play when other golfers are not playing, and winning certain tournaments also guarantees a tour card). Read more »

23
May

How Revenue is Spent at PGA Tour, Inc (2022)

The PGA Tour, Inc. is a tax-exempt, non-profit 501 (c) 6 – a membership organization for touring professional golfers – up to a maximum of 156 who participate in 47 events (44 regular events and 3 playoff events). The exact number of members is difficult to determine since there are various exemptions and player status (the top 125 ranked players have their card renewed annually but players ranked between 126-150 can retain their card and play when other golfers are not playing, and winning certain tournaments also guarantees a tour card). Read more »

21
May

Executive Compensation at Trinity Health (2022)

Trinity Health is a tax-exempt non-profit Catholic healthcare system that employs more than 121,000 in 101 hospitals, 136 urgent care centers, 126 senior care centers, and numerous continuing healthcare locations in 27 states. Based in Livonia, Michigan, Trinity Health includes hundreds of related and affiliated organizations. This post reports the executive compensation at Trinity Health Corporation (THC), which overseas the entire healthcare system.

Governed by 15 directors (14 of whom are independent), THC has a board made up of 8 women and 7 men. Read more »

19
May

Executive Compensation at the National Geographic Society (2022)

The National Geographic Society (NGS) is a tax-exempt non-profit 501 (c) 3 organization based in Washington, DC that primarily relies on investment income (gains on the sale of investments, dividends, interest, etc), royalties, and contributions for revenue.  With $1.5 billion in net assets (down $250 million since last year due to unrealized losses on investments), NGS has the ability to rely on these resources to keep their programs going when contributions, gifts, and grants (roughly $20-$50 million annually) are not enough, and when revenue greatly decreases due to unforeseen circumstances, like the pandemic in 2020. Read more »

17
May

Executive Compensation at the National Geographic Society (2021)

When we think of the National Geographic Society (NGS), we often think of the magazine, which according to my childhood friends, was the first magazine they could look through to see naked people. But, the National Geographic Society is so much more than just the magazine. In their own words, they “identify and invest in an international community of explorers:  leading scientists, educators, storytellers, conservationists, technologists, and many other change makers who help us define some of the critical challenges of our time….”

The NGS is a tax-exempt non-profit 501 (c) 3 organization based in Washington, DC that primarily relies on investment income (gains on the sale of investments, dividends, interest, etc), royalties, and contributions for revenue.  With $1.7 billion in net assets, NGS has the ability to rely on these resources to keep their programs going when contributions, gifts, and grants (roughly $20-$50 million annually) are not enough, and when revenue greatly decreases due to unforeseen circumstances, like the pandemic in 2020. Read more »

15
May

Executive Compensation at the San Diego Zoo (2022)

The Zoological Society of San Diego is more popularly known, and does business as the San Diego Zoo Wildlife Alliance (SDZWA).  A tax-exempt, non-profit conservation organization, and perhaps more widely known for the San Diego Zoo and the San Diego Zoo Safari Park, SDZWA does not release membership data but the Form 990 reports membership dues were $3.8 million in 2022.

There are 11 independent voting members (trustees) of the governing body (although 12 are listed on the Form 990 due to timing differences), 8 (75%) of whom are male while 3 (25%) are female (note:  The 990 does not report gender; determinations were made based on name and google searches). Read more »

13
May

How Revenue is Spent at the San Diego Zoo (2022)

The Zoological Society of San Diego is more popularly known, and does business as the San Diego Zoo Wildlife Alliance (SDZWA) but is often referred to as simply the San Diego Zoo.  A tax-exempt, non-profit conservation organization, SDZWA has been advertising in the Wall Street Journal trying to raise funds (total revenue dipped from $422 million in 2019 to $247 million in 2020  but then increased to $356 million in 2021).

There are 11 independent voting members (trustees) of the governing body (although 12 are listed on the Form 990 due to timing differences), 8 (75%) of whom are male while 3 (25%) are female (note:  The 990 does not report gender; determinations were made based on name and google searches). Read more »