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24
Jul

Executive Compensation at Brown University (2023)

Brown University is a private research university with about 11,000 students (7,000 undergrads and 4,000 graduate and medical students) in Providence, Rhode Island.  Unbeknownst to some is that Brown has 34 Division 1 sports teams.

Approximately 50,000 undergraduate students apply annually; 5% or 2,500 are accepted.  Annual tuition, room and board is about $90,000 or about $360,000 for a 4-year degree.

When analyzing colleges and universities generally, there are 8 key numbers to look at: Read more »

22
Jul

25 Employees of Memorial Hermann Health Took Home $100 Million

25 of the most highly compensated employees of Memorial Hermann Health (a Houston-based tax-exempt, non-profit healthcare provider with more than 34,000 employees and 6,600 physicians that serve in 17 hospitals (14 that the organization owns and 3 in which they have joint ventures) and more than 260 care delivery sites in the Houston, Texas metropolitan area) in 2023 took home more than $100 million from 2019-2023 (note:  highly compensated employees in any of the years 2019-2022 but not in 2023 are not included): Read more »

20
Jul

Executive Compensation at Memorial Hermann Health (2023)

Memorial Hermann Health System (MHHS) is a Houston-based tax-exempt, non-profit healthcare provider with more than 34,000 employees and 6,600 physicians that serve in 17 hospitals (14 that the organization owns and 3 in which they have joint ventures) and more than 260 care delivery sites in the Houston, Texas metropolitan area.

MHHS consists of many organizations (non-profits, corporations, trusts, and partnerships) but for the purpose of this post, the executive compensation reported on MHHS – a tax-exempt non-profit 501 (c) (3) – is addressed. Read more »

18
Jul

25 Employees of NorthShore Health Take Home $275 Million

25 of the most highly compensated employees of NorthShore (NorthShore University Health System is a tax exempt non-profit healthcare delivery system that includes 6 hospitals (Evanston, Glenbrook, Highland Park, Northwest Community, Skokie and Swedish) and more than 140 healthcare locations in the Chicago area.

Headquartered in Evanston, IL, Northshore is affiliated with the University of Chicago Pritzker School of Medicine.  And, finally it is important to note that NorthShore is part of Endeavor Health, who united 9 regional hospitals and 300 care centers across Chicago through NorthShore, Edward-Elmhurst Health, Northwest Community Healthcare, and Swedish Hospital in 2022 creating the third largest healthcare system in the State of Illinois) in 2023 received $275 million in compensation from 2018-2023: Read more »

16
Jul

Executive Compensation at NorthShore University Health System (2023)

NorthShore University Health System (NorthShore) is a healthcare delivery system (tax-exempt and non-profit) that includes 6 hospitals (Evanston, Glenbrook, Highland Park, Northwest Community, Skokie and Swedish) and more than 140 healthcare locations in the Chicago area.

Headquartered in Evanston, IL, Northshore is affiliated with the University of Chicago Pritzker School of Medicine.  And, finally it is important to note that NorthShore is part of Endeavor Health, who united 9 regional hospitals and 300 care centers across Chicago through NorthShore, Edward-Elmhurst Health, Northwest Community Healthcare, and Swedish Hospital in 2022 creating the third largest healthcare system in the State of Illinois. Read more »

14
Jul

Executive Compensation at Virtua Health (2023)

Virtua Health is a tax-exempt, non-profit healthcare provider in southern New Jersey with 5 hospitals, 40 ambulatory surgery centers,  and more than 400 healthcare offices.  The entire Virtua healthcare network consists of 13 related tax-exempt organizations, 35 related taxable partnerships, and 3 related organizations taxable as a corporation or trust. This post addresses the executive compensation of Virtua Health, Inc (Virtua) – the non-profit that manages the entire organization and provides support services to these entities.  Consequently, Virtua’s primary source of revenue is the organizations that make up the network.

Virtua has 18 voting members (trustees) of its governing body, 17 of whom are independent; 13 of the 18 (72%) are male while 5 of the 18 (28%) are female. Read more »

12
Jul

Executive Compensation at the Mortgage Bankers Association of America (2023)

The Mortgage Bankers Association (MBA) is a tax-exempt, non profit 501 (c) 6 national trade associate that represents the real estate finance industry.  Based in Washington, DC, the MBA has a reported 2,200 member companies.

There are 39 independent voting members (board members) of the governing body although 40 are listed on the most recent Form 990 (for the year ending September 30, 2023): 30 of the 40 (75%) are male while 10 (25%) are female. Read more »

10
Jul

10 Executives at AHA Took Home $62 Million

The  10 most highly compensated employees in 2023 at the American Hospital Association – trade organization that is a tax-exempt non-profit 501 (c) (6) that represents and works on behalf of its members (hospitals/owners of hospitals) to advocate their positions to government entities (i.e. Congress, Senate, etc) and provide education and assistance to its members – received $62 million from 2017-2023 (note:  highly compensated employees in any of the years 2017-2022 but not in 2023 are not included): Read more »

8
Jul

Executive Compensation at the American Hospital Association (2023)

The American Hospital Association (AHA) is a trade organization that is a tax-exempt non-profit 501 (c) (6) that represents and works on behalf of its members (hospitals/owners of hospitals) to advocate their positions to government entities (i.e. Congress, Senate, etc) and provide education and assistance to its members.

In 2023, the AHA raised $145 million (compared to $139 million in 2022, $129 million in 2021, $120 million in 2020, $143 million in 2019 and $134 million in 2018) primarily through membership dues, education and licensing) and spent $145 million  (including $2 million in depreciation) with the largest expense reported to be compensation ($78 million), office expenses ($18 million), travel and conferences ($18 million) and fees for services ($18 million).  With nearly $300 million in net fund assets, the organization  reports to represent nearly 5,000 hospitals. Read more »

6
Jul

30 at PGA Tour Received $500 Million in Compensation

30 of the most highly compensated recipients of tournament earnings and employees  of the PGA Tour, Inc. (a tax-exempt, non-profit 501 (c) 6 – a membership organization for touring professional golfers received $500 million from 2017-2023 (note:  highly compensated employees in any of the years 2017-2022 but not in 2023 are not included).

26 of the 30 recipients are tournament earners and employees while 4 are “independent contractors” who appeared to have joined LIV Golf: Read more »