Executive Compensation at Northwell Health (2024)

Northwell Health is New York’s largest healthcare provider with 28 hospitals and more than 1,000 outpatient facilities with more than 100,000 employees across the network (which includes 151 tax-exempt organizations, 27 taxable partnerships, and 49 organizations taxable as a corporation or trust) for a total of 227 organizations.

The focus of this post is on the executive compensation of Northwell Healthcare, Inc. (NHI), a non-profit, tax-exempt 501 (c) (3) that provides advisory and administrative support services to the affiliated healthcare organizations that comprise Northwell Health.  This means the primary source of income for NHI is the revenue the affiliated organizations give, which amounted to $2.2 billion in 2024 (out of $2.7 billion in total revenue).  In other words, the organizations that make up Northwell Healthcare paid $2.2 billion to a related organization to manage themselves.

Expenses for NHI totaled $2.6 billion (including $284 million in depreciation) with the largest expenses reported to be compensation ($1.4 billion), office-related expenses ($370 million), purchased services and fees for services ($325 million), and interest ($87 million).

Based in Westbury, New York, NHI reports having 10,854 employees (out of an estimated 100,000 total employees among all the organizations that make up Northwell Health) who were compensated $1.4 billion in 2024, which equates to an average compensation of nearly $129,000.

3,494 employees received more than $100,000 in compensation with the 18 most highly compensated employees reported (from the Form 990 submitted to the IRS for 2024) to be:

• $5,943,362:  Michael J Dowling, President and CEO
• $3,816,311:  Mark Solazzo, EVP and COO
• $1,990,193:  Michele Cusack, EVP and CFO
• $1,895,203:  David Battinelli, EVP, Physician in Chief
• $1,854,668:  Deborah Schiff, EVP, Ambulatory Strategy and Business Development
• $1,775,813:  Joseph Moscola, EVP, Enterprise Services
• $1,701,280:  Jason Naidich, SVP, Chief Learning and Innovation
• $1,677,461:  Laurence Kraemer, SVP and Chief General Counsel and Asst Secretary
• $1,667,309:  Jeffrey Kraut, EVP, Strategy
• $1,653,770:  Jill Kalman, EVP, CMO and Deputy Physician
• $1,631,339:  Kevin Beiner, EVP, President Western Market
• $1,630,470:  John D’Angelo, EVP, Central Market
• $1,302,137:  Donna Drummond, SVP and Chief Expense Officer
• $1,240,540:  Konstantine Costalas, SVP, Managed Care
• $1,170,005:  Mark Gloade, SVP, Deputy General Counsel and Asst Secretary
• $1,067,436:  Ralph Nappi, EVC
• $   493,773:  Harry Gindi, Assistant Secretary
• $   324,255:  Mark Claster, Immediate Past Chairman

14 of the 18 (78%) of the most highly compensated employees are male while 4 (22%) are female.

The 18 employees listed above received $33 million in compensation, which equates to an average compensation of $1.8 million.

The 2 most highly compensated employees, Michael Dowling and Mark Solazzo received 6 million and nearly $4 million, respectively in 2024.  From 2015-2024, Mr Dowling and Mr Solazzo received $88 million in compensation:

Michael J Dowling:  Total C0mpensation 2015-2024: $52 million

• 2024:  $5,943,362
• 2023:  $9,042,544
• 2022:  $5,268,261
• 2021:  $7,753,849
• 2020:  $4,751,773
• 2019:  $4,024,730
• 2018:  $3,579,554
• 2017:  $4,096,767
• 2016:  $4,077,452
• 2015:  $3,274,357

Mark Solazzo:  Total Compensation 2015-2024:  $36 million

• 2024:  $3,816,311
• 2023:  $3,710,066
• 2022: $3,858,387
• 2021:  $5,490,026
• 2020:  $3,314,733
• 2019:  $2,950,145
• 2018:  $2,554,328
• 2017:  $3,255,827
• 2016:  $2,998,266
• 2015:  $2,752,944

It is also important to address loans from the organization, as detailed on the Form 990, Schedule L, Part II, all approved by the board or committee:

• Michael Dowling received a loan for $48 million for “split $ life;” current balance due is $34 million.
• Mark Solazzo received a loan for $50 million for “split $ life;” current balance due is $37 million.
• Jeffrey Kraut received a loan for $36 million for “split $ life;” current balance due is $32 million.
• David Battinelli received a loan for $42 million for “split $ life;”  current balance due is $35 million.
• Laurence Kraemer received a loan for $38 million for “split $ life;” current balance due is $29 million.
• Eugene Tangney received a loan for $23 million for “split $ life;” current balance due is $21 million.
• Richard Miller received a loan for $16 million for “split $ life;” current balance due is $15 million.
• Jason Naidich received a loan for $16 million for “split $ life;” current balance due is $15 million.
• Michele Cusack received a loan for $19 million for “split $ life;” current balance due is $16 million.
• Donna Drummond received a loan for $15 million for “split $ life;” current balance due is $14 million.
• Joseph Moscola received a loan for $13 million for “split $ life;” current balance due is $11 million.
• Mark Gloade received a loan for $7 million for “split $ life;” current balance due is $6 million.
• Konstantine Costalas received a loan for $7 million for “split $ life;”  current balance due is $5 million.
• Kevin Beiner received a loan for $13 million for “split $ life;” current balance due s $10 million.
• Jill Kalman received a loan for $11 million for “split $ life;” current balance due is $9 million.
• John D’Angelo received a loan for $8 million for “split $ life;” current balance due is $6 million.
• Deborah Johnson-Schiff received a loan for $27 million for “split $ life;” current balance due is $23 million.

417 independent contractors received more than $100,000 in compensation, with the five (5) most highly compensated reported to be:

• $140 million:  Allscripts, of Cary, NC for information services
• $ 43  million:  EPIC Systems, of Verona, WI for information services
• $ 33 million:  Microsoft Corp, of Dallas, TX for information services
• $ 33  million:  Next Source Inc, of NY, NY for consulting services
• $ 32. million:  Synergy Health True North, of Tampa, FL for sterilization services

To read the IRS Form 990 (2024), click here