Executive Compensation at the Baylor College of Medicine (2023)
Baylor College of Medicine (Baylor CM) is a medical school and research center within the Texas Medical Center (the world’s largest medical center) in Houston, Texas. With more than 10,000 faculty and staff and nearly 4,000 medical students, residents, graduate students, health professionals, fellows, and participants, Baylor CM has 4 academic components (School of Medicine, Graduate School of Biomedical Sciences, School of Health Professions, and the National School of Tropical Medicine) and is not a part of Baylor College (they separated from Baylor College in 1969 and became an independent institution). Each year, the school matriculates nearly 200 students.
Baylor CM has 49 independent voting members of its governing body, 40 of whom (82%) are male while 9 (18% are female.
In 2023, Baylor CM reported total revenue of $2.6 billion (compared to $2.5 billion in 2022 and $2.3 billion in 2021) with the primary sources reported to be:
- $1.3 billion: Affiliate Revenue
- $0.8 billion: Contributions, Gifts, and Grants (primarily government grants)
- $0.4 billion: Patient Revenue
- $0.1 billion: Investment Income, Gains, Royalties
Expenses totaled $2.6 billion (including $57 million in depreciation) with the largest expenses reported to be compensation ($1.7 billion), fees for services ($294 million), medical supplies ($161 million) and office-related and insurance expenses ($163 million).
15,020 employees received $1.7 billion in compensation, which equates to an average compensation of $113,000. It is also important to note Baylor CM paid 2 staffing organizations more than $10 million for staffing in 2023.
3,864 received more than $100,000 in compensation with the 26 most highly compensated employees listed below:
- $2,913,622: Paul E Klotman, President/CEO, Executive Dean
- $2,358,865: Christopher Calderone, Prof/Chief, Congenital Heart
- $2,243,093: Christopher Lavergne, Assistant Professor
- $1,912,370: John A Goss, Prof/Chief, Abdominal Trans.
- $1,906,918: Joseph S Coselli, Professor/VC/Chief, CTH Surgery
- $1,806,442: Jeffrey Heinie, Professor, Congenital Heart Surgery
- $1,356,768: Lara Sheeredmian, Chair, Dept of Pediatrics
- $1,162,658: James T McDeavitt, SVP and Dean of Clinical Affairs
- $1,149,258: William D Walker, VP, Chief Investment Officer
- $1,100,200: Catherine M Gordon, Chair, Dept of Pediatrics (10/21-4/22)
- $ 862,377: Joe Doty, SVP and COO
- $ 800,460: Kimberly Cotner David, SVP and Chief Business Officer
- $ 745,124: Peter J Hotez, Dean, National School of Tropical Medicine
- $ 732,920: Lorie Tabak, Chief of Staff
- $ 725,496: Hashem El-Sarag, Chair, Dept of Medicine
- $ 687,091: Robert F Corrigan, Jr, SVP, General Counsel, Corporate Secretary
- $ 681,020: Gordon E Schutze, Chair, Dept of Pediatrics (interim 2/21-9/21)
- $ 619,279: Jennifer G Christner, Dean, School of Medicine
- $ 609,434: Ashok Balasubramanyam, VP, Academic Integrity/Sr Associate Dean
- $ 582,165: Stephanie Young, SVP, Institutional Investment
- $ 577,276: Mary Dickenson, SVP/DOR
- $ 526,365: Claire Bassett, VP and Chief Communications Officer
- $ 518,591: Jamie Bailey, VP and CFO
- $ 497,607: Bert O’Malley, Chancellor
- $ 468,578: Carolyn Smith, Dean, Graduate School of Biomedical Sciences
- $ 421,276: Alicia Monroe, SVP and Provost and Dean of Academics (until 9/5/22)
The 26 most highly compensated employees received $28 million in compensation in 2023 with the most highly compensated reported to be Paul E Klotman who received $2.9 million followed by Christopher Calderone who received $2.4 million, and Christopher Lavergne who received $2.2 million.
The 10 most highly compensated employees received $73 million from, 2018-2023 (note: highly compensated employees in 2018-2022 but not in 2023 are not listed below): John Goss: Total Compensation: $7 million (2018-2023)- 2023: $1,912,370
- 2022: $3,137,040
- 2021: Not Listed
- 2020: $ 891,964
- 2019: $ 901,300
- 2018: $1,083,955
- 2023: $2,913,622
- 2022: $2,903,881
- 2021: $3,415,223
- 2020: $4,417,053
- 2019: $3,400,428
- 2018: $2,929,182
- 2023: $2,358,865
- 2022: $2,417,429
- 2021: $2,258,715
- 2020: $2,279,437
- 2023: $1,906,918
- 2022: $2,143,099
- 2021: $2,151,904
- 2020: $2,149,623
- 2019: $2,142,531
- 2018: $2,141,489
- 2023: $2,243,093
- 2022: Not Listed
- 2021: Not Listed
- 2020: Not Listed
- 2019: $1,520,162
- 2018: Not Listed
- 2023: $1,806,442
- 2022: Not Listed
- 2021: $1,747,642
- 2020: Not Listed
- 2019: Not Listed
- 2018: Not Listed
- 2023: $1,356,768
- 2023: $1,162,658
- 2022: $1,131,718
- 2021: $1,186,630
- 2020: $1,144,105
- 2019: $1,093,559
- 2018: $1,056,998
- 2023: $1,149,258
- 2022: $ 840,444
- 2021: $ 943,829
- 2020: $ 998,993
- 2019: $ 845,476
- 2018: $1,040,030
- 2023: $1,100,200
- 2022: $ 490,167
Baylor CM paid for first class or charter travel with the explanation being “certain executives may travel first class as business need indicates…and are considered necessary business expenses.” Really. How is flying first class and having a tax-exempt non-profit organization pay for these expenses remotely justifiable?
To read about the supplemental non-qualified deferred compensation plan and contributions, see Schedule J, Part III, Supplemental Information.
At year-end, Baylor CM reported $1.6 billion in net assets (compared to $1.6 billion at the beginning of the year).
To read the IRS Form 990 (2022 for the year ending June 30, 2023), click here.
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