Executive Compensation at Trinity Health (2023)

Trinity Health is a tax-exempt non-profit Catholic healthcare system that employs more than 38,000 physicians and 107,000 others in 93 hospitals, 142 urgent care centers, 126 senior care centers, and numerous continuing healthcare locations in 26 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 9 women and 6 men.

In 2023, THC reported total revenue of $2.6 billion, most of which ($2.1 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 $184 million in depreciation) with the largest expenses reported to be compensation ($1 billion) and office-related and equipment maintenance expenses ($751 million).

Net assets ( of a health management entity) were $1.2 billion at year-end 2023.

8,992 employees (900 more than the prior year)  received $1 billion in compensation, which equates to an average compensation of $113,000. However, only 2,323 employees received more than $100,000 in compensation with the 15 most highly compensated reported to be:

• $5,340,424: Michael Slubowski, Director, President and CEO
• $2,857,775:  Benjamin Carter, EVP, COO
• $2,601,933:  Marcus Shipley, SVP, Chief Information Officer (thru 8/22)
• $2,250,598:  John Capasso, EVP, Continuing Care (thru 8/22)
• $2,214,892:  Reginald Eadie, President and CEO, TH of New England (thru 10/22)
• $2,121,605:  Daniel Roth, EVP, Chief Clinical Officer
• $1,964,145:  Robert Casalou, President and CEO, Michigan Region
• $1,950,338:  Daniel Isacksen, Jr , Treasurer, EVP, CFO
• $1,856,449:  Shawn Vincent, President and CEO, IL/IN Region
• $1,655,893:  Linda Ross, Secy, EVP, Chief Legal Officer 
• $1,547,936:  Edmund Hodge, EVP, Chief HR Officer
• $1,488,758:  Louis Fierens II, EVP, Administrative Services
• $1,448,800:  James Woodward, President and CEO, Mid-Atlantic Region
• $  782,268:  Antoinette Pratt, Asst Treasurer, SVP Financial Reporting
• $  451,625:  Joshua Moore, Asst Secy, VP Managing Counsel

The 15 most highly compensated employees received $30 million. 9 of the 10 most highly compensated employees are male. 13 of the 15 (87%) most highly compensated employees are male while 2 of the 15 (13%) are female.

The most highly compensated employee was Michael Slubowski, the President and CEO who received $5.3 million in compensation in 2023.

The 13 most highly compensated employees received $109 million in compensation from 2017-2023:

Michael Slubowski:  Total Compensation 2018-2023:  $19 million

• 2023: $5,340,424 
• 2022: $4,404,461
• 2021:  $2,394,122
• 2020: $2,965,730
• 2019:  $2,475,859
• 2018:  $  986,630

Benjamin Carter:  Total Compensation 2017-2023:  $14 million

• 2023: $2,857,775
• 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 2020-2023:  $7 million

• 2023: $2,214,892
• 2022: $1,964,832
• 2021:  $1,244,205
• 2020: $1,683,820

Daniel Roth:  Total Compensation 2017-2023:  $10 million

• 2023:  $2,121,605
• 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 2017-2023:  $11 million

• 2023:  $1,964,145
• 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 2022-2023:  $3 million

• 2023:  $1,856,449
• 2022: $1,610,539

Marcus Shipley:  Total Compensation 2018-2023:  $9 million

• 2023:  $2,601,933
• 2022: $1,470,349
• 2021:  $1,111,889
• 2020: $1,314,839
• 2019:  $1,297,537
• 2018:  $1,173,668

Edmund Hodge:  Total Compensation 2018-2023:  $8 million

• 2023:  $1,547,936
• 2022: $1,417,373
• 2021:  $1,334,971
• 2020: $1,146,213
• 2019:  $1,270,106
• 2018:  $1,000,218

Linda Ross:  Total Compensation 2019-2023:  $6 million

• 2023:  $1,655,893
• 2022: $1,413,042
• 2021:  $  988,148
• 2020: $1,377,411
• 2019:  $  839,899

James Woodward:  Total Compensation 2021-2023:  $4 million

• 2023:  $1,448,800
• 2022: $1,319,466
• 2021:  $1,284,604

Louis Fierens, II:  Total Compensation 2017-2023:  $7 million

• 2023:  $1,488,758
• 2022: $1,225,833
• 2021:  $  849,061
• 2020:  $1,115,654
• 2019:  $  929.480
• 2018:  $  840,580
• 2017:  $  711,228

John Capasso:  Total Compensation 2017-2023:  $8 million

• 2023:  $2,250,598
• 2022: $1,156,646
• 2021:  $  822,435
• 2020:  $1,079,932
• 2019:  $1,040,533
• 2018:  $  972,451
• 2017:  $  896,908

Daniel Isacksen, Jr:  Total Compensation 2022-2023:  $3 million

• 2023. $1,950,338
• 2022:  $1,083,866

To read specifics about payment of travel for companions, see the Form 990, Schedule J, Part III, Supplemental Information.

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

• $56 million:  Leidos, of Reston, VA for IT consulting
• $48 million:  Melillo Consulting, of Somerset, NJ for software services
• $39 million:  Epic Systems Corp, of Milwaukee, WI for software services
• $27 million:  Microsoft, of Dallas, TX for software services
• $26 million:  Deliverhealth Solutions, of Madison, WI for maintenance services

To read the IRS Form 990 (2022 for the year ending June 30, 2023), click here.