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.

In 2022, THC reported total revenue of $2.5 billion, most of which($2 billion) came from “subsidiary fees” which is what the related/affiliated organizations pay THC to manage the entire healthcare system.

Expenses totaled $2.3 billion  (not including $162 million in depreciation) with the largest expenses reported to be compensation ($1 billion) and office-related and equipment maintenance expenses ($810 million).  

Net assets were $1.1 billion at year-end 2022.

8,094 employees received $1 billion in compensation, which equates to an average compensation of $124,000. However, only 2,079 employees received more than $100,000 in compensation with the 17 most highly compensated reported to be:

• $4,404,461: Michael Slubowski, Director, President and CEO
• $2,525,463: Benjamin Carter, EVP, COO
• $1,964,832:  Reginald Eadie, President and CEO, TH of New England
• $1,902,909:  Daniel Roth, EVP, Chief Clinical Officer
• $1,817,708:  Robert Casalou, President and CEO, Michigan Region
• $1,610,539:  Shawn Vincent, President and CEO, IL/IN Region
• $1,470,349: Marcus Shipley, SVP, Chief Information Officer
• $1,417,373:  Edmund Hodge, EVP, Chief HR Officer
• $1,413,042:  Linda Ross, Secy, EVP, Chief Legal Officer 
• $1,319,466:  James Woodward, President and CEO, Mid-Atlantic Region
• $1,225,833:  Louis Fierens II, EVP, Administrative Services
• $1,156,646:  John Capasso, EVP, Continuing Care
• $1,083,866:  Daniel Isacksen, Jr , Treasurer, EVP, CFO
• $1,030,129:  Cynthia Clemence, Treasurer, Interim CFO/SVP/OPS CFO thru 7/21
• $  732,969:  Antoinette Pratt, Asst Treasurer, SVP Financial Reporting
• $  417,613:  Joshua Moore, Asst Secy, VP Managing Counsel
• $  253,524:  Sally Jeffcoat, Former EVP, Growth, Strategy, and Innovation (thru 12/19)

The 17 most highly compensated employees received $26 million. 9 of the 10 most highly compensated employees are male. 13 of the 17 (76%) most highly compensated employees are male while 4 of the 17 (24%) are female.

The most highly compensated employee was Michael Slubowski, the President and CEO who received nearly $4.4 million in compensation in 2022.

The 12 most highly compensated employees received $80 million in compensation from 2017-2022:

Michael Slubowski:  Total Compensation 2018-2022:  $13 million

• 2022: $4,404,461
• 2021:  $2,394,122
• 2020: $2,965,730
• 2019:  $2,475,859
• 2018:  $  986,630

Benjamin Carter:  Total Compensation 2017-2022:  $11 million

• 2022: $2,525,463
• 2021:  $1,638,514
• 2020: $1,806,239
• 2019:  $1,732,742
• 2018:  $1,673,665
• 2017:  $1,355,184

Reginald Eadie:  Total Compensation 2020-2022:  $6 million

• 2022: $1,964,832
• 2021:  $1,244,205
• 2020: $1,683,820

Daniel Roth:  Total Compensation 2017-2022:  $8 million

• 2022: $1,902,909:
• 2021:  $1,029,712
• 2020: $1,462,062
• 2019:  $1,748.458
• 2018:  $  907,616
• 2017:  $  666,987

Robert Casalou:  Total Compensation 2017-2022:  $9 million

• 2022: $1,817,708
• 2021:  $1,358,745
• 2020: $1,647,963
• 2019:  $1,522,588
• 2018:  $1,191,679
• 2017:  $1,019,743

Shawn Vincent:  Total Compensation 2022:  $1.6 million

• 2022: $1,610,539

Marcus Shipley:  Total Compensation 2018-2022:  $6 million

• 2022: $1,470,349
• 2021:  $1,111,889
• 2020: $1,314,839
• 2019:  $1,297,537
• 2018:  $1,173,668

Edmund Hodge:  Total Compensation 2018-2022:  $6 million

• 2022: $1,417,373
• 2021:  $1,334,971
• 2020: $1,146,213
• 2019:  $1,270,106
• 2018:  $1,000,218

Linda Ross:  Total Compensation 2019-2022:  $5 million

• 2022: $1,413,042
• 2021:  $  988,148
• 2020: $1,377,411
• 2019:  $  839,899

James Woodward:  Total Compensation 2021-2022:  $2.5 million

• 2022: $1,319,466
• 2021:  $1,284,604

Louis Fierens, II:  Total Compensation 2017-2022:  $6 million

• 2022: $1,225,833
• 2021:  $  849,061
• 2020:  $1,115,654
• 2019:  $  929.480
• 2018:  $  840,580
• 2017:  $  711,228

John Capasso:  Total Compensation 2017-2022:  $6 million

• 2022: $1,156,646
• 2021:  $  822,435
• 2020:  $1,079,932
• 2019:  $1,040,533
• 2018:  $  972,451
• 2017:  $  896,908

To read specifics about these gross up payments or tax indemnification, severance compensation, and the supplemental executive retirement plan, see the Form 990, Schedule J, Part III, Supplemental Information.

506 independent contractors received more than $100,000 in compensation. The 5 most highly compensated were reported to be:

• $58 million:  Leidos, of Reston, VA for IT consulting
• $41 million:  Ensemble Health Partners, of Blue Ash, OH for revenue cycle management
• $29 million:  Melillo Consulting, of Somerset, NJ for software services
• $26 million:  Presidio Networked Solutions, of Philadelphia, PA for maintenance services
• $25 million:  Microsoft, of Dallas, TX for software services

To read the IRS Form 990 (2021 for the year ending June 30, 2022), click here.