Executive Compensation at Henry Ford Health System
The Henry Ford Health System (HFHS) is a 501 (c) (3) non-profit healthcare organization with eight hospitals, numerous medical centers and one of the nation’s largest group practices, the Henry Ford Medical Group with more than 1,200 physicians practicing in over 40 specialties. With more than 30,000 employees, HFHS is one of the largest employers in the Detroit metro area.
The most recent IRS Form 990 (2016) reports HFHS spends less than the organization receives (in 2016, the organization reported $2.8 billion in revenue but spent $2.7 billion leaving $100 million added to the fund assets, which had a net fund balance at year-end of $766 million, up from $700 million at the beginning of the year). As with most health care systems, there are numerous non-profits (foundations and other organizations) that are affiliated with HFHS. This post addresses the primary organization, HFHS.
In 2016, HFHS reported having 21,462 employees who were compensated $1.5 billion (about half of total reported revenue), which equates to an average compensation of $70,500. 2,231 employees received more than $100,000 in compensation with the 17 most highly compensated employees listed below: Read more 
Blueberry Crumble Coffeecake (Vegan)
If you think a cake can’t taste great without white flour, butter, oil,, eggs, and refined sugar, think again because it’s all about finding alternative nutritious ingredients to replace the undesirables. Instead of white flour, consider oats and almond flour.; instead of butter, oil, and refined sugar, choose date paste (dates and water); instead of eggs, select ground flaxseed meal. Using these alternative ingredients not only produces a nutritious cake but also a delicious one…promise! Read more
Where Does $100 to St. Jude’s Go (2018)?
St. Jude’s is one of the most popular non-profit organizations in the country because the charity’s mission appeals to donors: they treat and help children with cancer and other life threatening illnesses. But, before making donations, donors should understand where revenue is spent and that St. Jude’s is actually two organizations:
- St. Jude Children’s Research Hospital, Inc. (St. Jude)
- American Lebanese Syrian Associated Charities (ALSAC)
ALSAC “exists for the sole purpose of raising funds and building awareness to support the current and future needs of St. Jude Children’s Research Hospital, Inc” while St. Jude engages in research and provides care and services to sick children and their families. St. Jude has a beneficial interest in the assets of ALSAC but the organizations are separate non-profit 501 (c)(3) entities with specific functions: ALSAC raises funds while St. Jude does the research and provides the treatment. Read more
Executive Compensation at St. Jude’s (2018)
When people think of St. Jude’s, they often associate the organization with the children’s research hospital but St Jude’s is actually two organizations:
- St. Jude Children’s Research Hospital (St Jude’s): the children’s hospital that provides research and medical care; and
- American Lebanese Syrian Associated Charities (ALSAC): the fundraising arm; an organization that exists to raise funds for St. Jude’s
Although most non-profits do not separate fundraising from services, St. Jude’s does, so both organizations need to be analyzed because St. Jude’s relies on ALSAC for the majority of it’s revenue and has a beneficial interest in the organization.
The following information is based on the most recent Form 990’s (2017 for the year ending June 30, 2018) submitted by ALSAC and St. Jude’s to the IRS. Read more
Where Does $100 to 350.org Go?
350.org is a non-profit 501 (c) (3) founded in 2008 by a group of people along with author Bill McKibben, an environmentalist, to work towards ending the use of fossil fuels and build renewable energy.
Most scientists agree that the burning of fossil fuels is the largest contributor to greenhouse gas (followed by the animal agriculture industry) which has led to global warming. Named after the safe concentration of carbon dioxide in the atmosphere – 350 parts per million, 350.org is a grassroots organization that has become more well known as the public has become aware of the effects of climate change.
Based in Washington , DC, 350.org raises about $19 million annually (primarily through contributions), spends about 80% of those funds, and has about $15 million in net fund assets. Because the organization is relatively young, it appears they have been focused on their mission but also building up net fund assets (think endowment). Hence, the reason they have not been spending as much as they raise. Read more
Executive Compensation at the Nature Conservancy (2018)
The Nature Conservancy – a 501 (c) (3) based in Arlington, Virginia – whose mission is “to conserve land and waters on which all life depends” has been around since 1951 and is one of the most popular and wealthy non-profits in the country.
The most recent financial information (the 2017 IRS Form 990 for the year ending June 30, 2018) reports the organization raised $1.2 billion (an increase of $200 million from the year before) and spent $900 million. The difference between revenue raised and revenue spent was nearly $300 million which along with nearly $100 million in net unrealized gains on investments helped increase net fund assets from $6.2 billion at the beginning of the year to $6.6 billion at the end of the year. Read more
Executive Compensation at the Anti-Defamation League (2017)
The Anti-Defamation League (ADL) is a charitable tax-exempt 501 (c) 3 established in 1946 in the District of Columbia to defend “democratic ideals and eliminate anti-Semitism and bigotry in the United States and around the world, while providing knowledgeable leadership on a national level for the American Jewish community.”
Based in New York City, the ADL has staff in 27 offices nationwide. It is important to point out the ADL really consists of two entities: the ADL and the Anti-Defamation League Foundation (Foundation) – both of which operate out of the same office in New York City. The Foundation helps support the mission of the ADL by providing funds and by managing the endowment and assets held by the Foundation. In addition, the organizations share many employees. Read more
The Best Lemon Squeezer
Squeezing the juice of a lemon (or lime) over a salad or dish is easy if the task is done in the kitchen with a traditional citrus squeezer that holds 1/2 of a lemon or lime. But, what if you’re serving a dish and want to give your family or guests the option to squeeze fresh lemon or lime juice over their food (or tea) without getting the juice all over their hands and/or clothing? Then, you need to get the Press Art Lemon Squeezer: a handy little gadget made in France of Eastman Triton – a super strong BPA-free material – that squeezes the juice out of a lemon or lime slice without splashing or making a mess. Read more
The Essential Round Food Molding Set
Several months ago, I was in a restaurant (Levél Veggie Bistro) by Retiro Park in Madrid when I was blown away by a dish called “Timbal Fresco de Quinoa” which means “Fresh Quinoa Timbale.” This beautiful plate of layered quinoa, sliced avocado, and chopped tomatoes with sprouts and ground black peppercorns on top was served with basil leaves along with a lemon squeezer and olive oil. I simply sprinkled the fresh lemon juice over the top with a sprinkle of salt and the flavor was magnificent. Read more
Executive Compensation at Kaiser Health
Kaiser Health is one of many terms (Kaiser, Kaiser Permanente, etc) that refers to one of the nation’s largest not-for-profit health care insurers and providers with more than 12 million members (primarily in California but also in Hawaii, Colorado, Georgia, Oregon, Washington, Virginia, Maryland, and the District of Columbia). With 39 hospitals, more than 700 medical offices, and about 220,000 employees, Kaiser Health is considered one of the leaders in the industry.
Kaiser Health is comprised of the health plan (Kaiser Foundation Health Plan, Inc), the hospitals (Kaiser Foundation Hospitals) and the medical groups (Permanente Medical Groups) although there are numerous non-profits that make up the entire organization. The focus of this post is on the executive compensation reported on the Form 990 of the Kaiser Foundation Health Plan, Inc. because this organization reports the paid compensation for the key executives including the Chairman and CEO (as opposed to a related organization reporting compensation from a related organization).
The most recent IRS Form 990 available is for 2016. The 76 employees listed below were compensated approximately $80 million: Read more
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