Executive Compensation at the March of Dimes (2017)
2017 was a year of changes for the March of Dimes beginning on the first day of the year when Stacey D Stewart became the non-profit’s new President and CEO (after Jennifer Howse retired after 26 years with the organization). For the first time in several years, the March of Dimes did not spend more ($152 million) than they raised ($164 million) but the organization still remained in a negative net asset or negative fund balance position. Although the $12 million of unspent revenue would supposedly help reduce the negative $13 million net fund balance, there were $7 million in net unrealized losses on investments and $3 million in changes to assets as a result of higher pension costs. All of which means, the March of Dimes is still in a negative net asset or negative net fund balance of $11 million. Better than last year ($13 million) but still not in a positive position. Read more 
Executive Compensation at the Nature Conservancy (2017)
The Nature Conservancy, a non-profit 501 (c) (3) based in Arlington, Virginia whose purpose is to conserve water and land, continues to spend less than the organization raises (in 2017, $1.2 billion in revenue – a 20% increase over 2016 – while only $900 million in expenses were reported (they basically spent $77 out of every $100 in revenue reported) and grow the endowment which increased from $6.2 billion at the beginning of the year to $6.6 billion at year-end while increasing staff (in 2015, the organization reported having 3,875 employees while in 2017, the Nature Conservancy reported having 4,099 employees). Read more
Executive Compensation at Geisinger System Services
Geisinger System Services is a 501 (c) (3) that provides administrative management and other support services for the Geisinger health care system (which consists of dozens of non-profits that serve more than 3 million residents in Pennsylvania and New Jersey. With more than 32,000 employees in 13 hospital campuses, 2 research clinics, and other health provider services, the Geisinger health care system is on of the largest healthcare providers in the Pennsylvania/South Jersey area.
The focus of this post is on the executive compensation at Geisinger System Services (GSS) only. For the year ending June 30, 2017, GSS reported employing 5,420 individuals who received $329 million in compensation which equates to an average compensation of approximately $61,000. 343 employees received more than $100,000 in compensation with the 29 most highly compensated employees listed below: Read more
Where Does $100 to the American Lung Association Go?
The American Lung Association (ALA) was established more than 100 years ago (1918) initially to fight tuberculosis but expanded its mission to improve lung health and preventing lung disease through research, education, and advocacy.
Specifically, ALA works to “defeat” lung cancer, “improve” the air we breathe, “reduce” the burden of lung disease on individuals and families, and “eliminate” tobacco use and tobacco-related diseases. To do this, the organization relies on staff (626 people) so the organization is a non-profit (a 501 (c) (3)) that primarily provides services rather than a grant maker (ALA made $8 million in grants in 2018). Read more
Executive Compensation at the American Lung Association
In 2017, the American Lung Association (ALA) underwent big changes when the eight charter and national boards voted to unite the organization into a single nationwide organization. A 501 (c) (3) based in Chicago, Illinois, the ALA raised about $108 million in 2018, spent $104 million (primarily on compensation, fees for services, direct mail, and office-related expenses), and had about $148 million in net fund assets (think savings account) at year-end.
The ALA reported having 626 employees in 2018 who were compensated nearly $46 million, which equates to an average compensation of $74,500. 30 employees received more than $100,000 in compensation with the 18 most highly compensated employees listed below: Read more
Executive Compensation at Aurora Health Care
Aurora Health Care is a health care provider for 30 communities in eastern Wisconsin and northern Illinois with 15 hospitals, more than 150 clinics, and 70 pharmacies. In addition, Aurora Health care has approximately 700 clinical research projects including more than 400 clinical trials going on.
The most recent IRS Form 990 (2016) reports the organization – a 501 (c) (3) based in Milwaukee, Wisconsin – reported total revenue of $4.629 billion, almost all of which came from program services. Expenses totaled $4.287 billion (including $140 million in depreciation) concentrated in three areas: compensation ($2.252 billion), payments to affiliates ($807 million), and medical supplies/equipment rental/hospital tax assessment ($752 million). Aurora Health Care had $342 million in excess revenue which contributed to the organization’s ability to increase the net assets or fund balance from $4.485 billion in the beginning of the year to $4.836 billion at year-end.
In 2016, the organization employed 29,543 employees who were compensated $2.252 billion, which equates to an average compensation of $76,500. 3,155 employees received more than $100,000 in compensation with the 87 most highly compensated employees listed below: Read more
Executive Compensation at Allina Health System
Allina Health System is a non-profit health care provider based in Minneapolis that owns or operates 13 hospitals and more than 90 clinics through Minnesota and Wisconsin.
In 2016, total revenue was $4.104 billion while total expenses were $4.073 billion (including $170 million in depreciation). The three largest expenses were compensation ($2.5 billion), office-related ($767 million), and fees for services ($383 million). The net assets or fund balance at the beginning of the year was $2.330 billion. After adding excess revenue ($31 million) and net unrealized gains on investments and other changes in assets ($37 million), the net assets or fund balance was $2.398 billion at year-end. Read more
Executive Compensation at Dignity Health
Dignity Health is one of the largest non-profit healthcare providers in the United States. Headquartered in San Francisco, Dignity Health is the largest hospital provider in California although this 501 (c) (3) serves communities in 21 states.
The most recent IRS Form 990 available (2016) for the year ending June 30, 2017 for Dignity Health (the administrative entity only – note: there are numerous 501 (c) (3’s) in which Dignity Health is the direct controlling entity) reported $9.9 billion in revenue, $9.8 billion in expenses (including $480 million in depreciation). At the beginning of the year net fund assets were $4.2 billion but after adding in excess revenue, unrealized gains on investments, and changes in assets, Dignity Health closed the year with $5.1 billion.
In 2017, Dignity Health reported having 54,608 employees who were compensated $5.2 billion (about 50% of the revenue), which equates to an average compensation of $94,500. 13,933 individuals received more than $100,000 in compensation with the 33 most highly compensated individuals listed below: Read more
Where Does $100 to EDESIA go?
EDESIA is a 501 (c) (3) based in North Kingston, Rhode Island that produces high quality ready-to-use food under a license from Nutriset (a French company whose focus is on producing food to prevent and reverse malnutrition). EDESIA manufactures these food packets and sells them to organizations who distribute the products in the developing world. Hence, the primary source of revenue is from the sale of these products (primarily to other non-profits).
In 2017, EDESIA reported $40 million in revenue, $37 million of which came from product sales. The remaining revenue came from government grants and contributions. Read more
Executive Compensation at Washington University
Washington University in St Louis (WU) is a private research university with about 14,000 full time students (8,000 undergraduate and 6,000 graduate). Tuition, room, board and fees for undergraduates is about $70,000 annually or about $280,000 for a 4-year degree.
In 2017, WU reported total revenue of $3.3 billion, of which $2.3 billion came from program services (i.e. tuition, room, board, fees, patient, labs, and hospital support, research, sales and services). Approximately $450 million came from grants, $250 million from contributions, and $300 million from the gain on the sale of assets, royalties, and other services. Read more
