Executive Compensation at March of Dimes (2020)
2020 was another tough year for the March of Dimes and yet, they continue to march on (no pun intended). Just seven years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised. Since then, revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees (which is still an $80 million liability in 2020), and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more 
Where Does $100 to March of Dimes Go (2020)?
2020 was not a great year for the March of Dimes and yet, they continue to endure. Just seven years ago, the March of Dimes had $75 million in net fund assets and was raising nearly $200 million annually but they were spending more than they raised. Since then, the revenue has declined and the organization went into a negative net fund position because they were spending $8-$27 million more than they raised annually, had to fund a pension/post retirement fund for employees, and had losses on investments. Things were not looking good by 2016 so the organization brought in a new president in 2017 following the retirement of the longtime president. Read more
Executive Compensation at the American Federation of Teachers (2020)
The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), the AFT is based in Washington, DC and is an affiliate of the AFL-CIO.
For the year ending June 30, 2020, AFT reported total revenue of $206 million (mostly from membership dues) and expenses of $195 million (with the unspent funds added to the general fund). The largest expense for the organization was compensation for the 365 employees who received $60 million, which equates to an average compensation of $164,400. However, only 225 employees (62%) received more than $100,000 in compensation. The 7 most highly compensated employees were reported to be: Read more
How Revenue is Spent at the American Federation of Teachers (2020)
The American Federation of Teachers (AFT) is the second largest teacher’s union (although membership is not limited to teachers) with 1.7 million members (after the National Education Association) in 3,000 local affiliates in the USA. A non-profit, tax-exempt 501 (c) (5), AFT is based in Washington, DC and is an affiliate of the AFL-CIO.
The most recent Form 990 (2019 for the year ending June 30, 2020) reports the following information about the AFT: Read more
Where Does Your Donation to Toys For Tots Go (2020)?
Toys for Tots is one of the most well known organizations whose mission is to work with the US Marine Corp to collect new unwrapped toys and distribute those toys to economically disadvantaged children at Christmas time. A non-profit, tax-exempt 501 (c) 3, Toys for Tots is legally known as Marine Toys for Tots Foundation but nearly everyone refers to the organization as “Toys for Tots.”
There are 13 voting members of the governing party, 12 of whom are independent. 9 of the 13 (69%) directors are male while 4 (31%) are female.
So, if you made a donation in 2020, where did it go? It depends. If you donated a toy, then more than likely, a child received that toy. If you made a cash donation, then the funds were probably used to pay for organization expenses (i.e. compensation, office-related expenses, fees for services, etc), purchase toys, or put into the general fund (savings). How do I know this? Because the Form 990 that Toys for Tots submitted to the IRS (2020) reports the following information: Read more
Where Does $100 to Boys Town Go (2019)?
Boys Town generally refers to a tax-exempt, non-profit organization whose focus is on the care of children and families who need assistance. However, the organization actually consists of many tax-exempt, non-profit organizations in Nebraska, Iowa, Florida, Louisiana, Nevada, Washington, DC, Rhode Island, and Massachusetts, all of whom have one member: Father Flanagans Boys Home (FFBH) and are therefore controlled by FFBH.
Based in Boys Town, Nebraska, FFBH provides medical services at two hospitals and numerous types of outpatient clinics in the Omaha, Nebraska metropolitan area and oversight at the affiliated organizations throughout the country. FFBH is governed by 17 voting members, 16 of whom are independent. Information on the website indicates there are 17 trustees, 10 of whom (59%) are male while 7 (41%) are female. Read more
Executive Compensation at Boys Town (2019)
Boys Town refers to a non-profit, tax-exempt organization focused on helping children and their families but the “organization” is actually many non-profit, tax-exempt organizations with one member: Father Flanagans Boys Home (FFBH) who controls and provides oversight to all the affiliates.
Based in Boys Town, Nebraska, FFBH has two research hospitals (west and east) and 10 non-hospital health care facilities. However, FFBH has affiliate organizations that also provide services in Nebraska, Iowa, Louisiana, Nevada, Washington, DC, Florida, Rhode Island, and Massachusetts, the Boys Town organizations reach across the US. Read more
Executive Compensation at the Wounded Warrior Project (2020)
The Wounded Warrior Project is one of the most well-known non-profit charitable organizations focused on rebuilding the lives of wounded veterans. Established in 2003, the Wounded Warrior Project (Wounded Warrior) is headquartered in Jacksonville, Florida with about 800 employees. A 501 (c) (3) charitable organization, their mission is to “honor and empower wounded warriors.”
There are 13 independent voting members (directors) of the governing body although only 14 are listed on the Form 990 (2019 for the year ending September 30, 2020) which appears to be due to timing differences. 9 directors are male and 5 are female. Read more
AdventHealth Hendersonville and Google Reviews
If you google “AdventHealth Hendersonville” a score of 3.1 out of 5.0 from 190 reviewers (as of December 5, 2021) comes up which in terms of Google reviews is not very good. Read through the reviews and learn about some very unhappy experiences at this hospital in Hendersonville, NC that is owned by a huge healthcare system referred to as AdventHealth whose parent company is Adventist Health System who has dozens of hospitals and operate in about a dozen states in the US which makes them a big player in healthcare.
In fairness to AdventHealth Hendersonville there are also some very happy clients who wrote positive reviews. But, overall a 3.1 out of 5.0 generally means there are a lot of very unhappy people out there (about 80 people gave AdventHealth 1 star with several saying they would give 0 stars if they could). Read more
Executive Compensation at AdventHealth (2019)
AdventHealth (formerly known as Adventist Health System until 2019 when the 501 (c) (3) “rebranded” itself) is one of the largest non-profit health care providers in the United States with nearly 50 hospitals and hundreds of care sites in 9 states. Based in Altamonte Springs, Florida, AdventHealth is a very large system with dozens of separate 501 (c) (3)’s for the hospitals, physician care, patient care, and more.
This post looks at the executive compensation at Adventist Health System Sunbelt Healthcare Corporation (AHSSHC) because the most recent (2019) IRS Form 990 is available for this entity (before the organization was rebranded to AdventHealth). It is important to note there are dozens of other related and affiliated non-profits related to AdventHealth that are not covered in this post. Read more
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