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Recent Articles

6
Jul

How Revenue is Spent at the World Wildlife Fund (2019)

The World Wildlife Fund (WWF) is considered by many to be the leading conservation organization in the world. Established nearly 60 years ago in 1960, the WWF is based in Washington, DC but operates all over the world (in more than 100 countries).

The most recent IRS Form 990 (2018) reports financial information about the organization for the year beginning July 1, 2018 and ending June 30, 2019 (hereafter referred to as 2019).  A 501 (c) (3), WWF reports the following information on revenue, expenses, grants, assets, liabilities, and the organization’s net fund balance. Read more »

4
Jul

Executive Compensation at the Local Initiatives Support Corporation (LISC)

The Local Initiatives Support Corporation (LISC) was established in 1979 “as a nimble non-profit with strong community partnerships that would connect hard-to-tap public and private resources with underinvested places and people….” Sounds like United Way and in many ways the organizations are similar except that LISC is a much smaller version with 37 local offices in 2,200 counties in 45 states (compared to thousands of United Way offices throughout the world). Read more »

2
Jul

Where Does $100 to the Local Initiatives Support Corporation (LISC) Go?

The Local Initiatives Support Corporation (LISC) was established in 1979 “as a nimble non-profit with strong community partnerships that would connect hard-to-tap public and private resources with underinvested places and people….” Sounds like United Way and in many ways the organizations are similar except that LISC is a much smaller version with 37 local offices in 2,200 counties in 45 states (compared to thousands of United Way offices in all 50 states). Read more »

30
Jun

Executive Compensation at Piedmont Healthcare

Piedmont Healthcare is a tax-exempt, non -profit healthcare provider based in Atlanta, Georgia with 11 hospitals, 34 urgent care centers, 25 “QuickCare” centers, and more than 550 physician offices that employ more than 23,000 employees.

Made up of dozens of other organizations that include non-profits, taxable corporations, and taxable trusts, Piedmont Healthcare has one organization – Piedmont Healthcare, Inc. (PHI) – whose mission is to manage all the affiliated/related and subsidiary organizations in the system.

PHI has 20 voting members of its governing body, 14 of whom are independent. 17 of the 20 (85%) board members are male while 3 of the 20 (15%) are female. Read more »

28
Jun

Executive Compensation at UPMC (Pittsburgh)

The University of Pittsburgh Medical Center (UPMC) is a tax-exempt, non-profit healthcare provider with more than 90,000 employees that work in 40 hospitals and more than 700 healthcare-related clinics/offices and a 4 million member insurance services division (the largest medical insurer in western Pennsylvania).

The organization consists of hundreds of related/affiliated organizations (both non-profit and for-profit). This post addresses the executive compensation at UPMC Group, a tax-exempt, non-profit 501 (c) 3 that employs the largest number of employees (65,000) within the system. Read more »

26
Jun

Executive Compensation at Yale New Haven Health (2019)

The Yale New Haven Health System serves Connecticut patients through 5 hospitals, a multi specialty physician foundation and numerous other offices staffed by more than 26,000 employees.

Based in New Haven, CT, the Yale New Haven Health System consists of dozens of separate tax-exempt non-profit organizations, taxable partnerships and taxable corporations and trusts. The purpose of this post is to report the executive compensation at Yale New Haven Health Services Corporation (YNHHSC), a tax-exempt non-profit 501 (c) (3) that employs 3,275 employees who provide overall management to the entire Yale New Haven Health System. Read more »

24
Jun

Executive Compensation at Iowa Health System

Iowa Health System is also known as UnityPoint Health, one of the largest healthcare systems in the Iowa, although the organization also provides healthcare in Illinois and Wisconsin (hence, the name change using the word “unity”). Although the name change occurred in 2013, Iowa Health System still files a form 990 under the Iowa Health System name but notes that the organization is doing business as UnityPoint Health. This entity is the management arm of the organization.

Read more »

22
Jun

Executive Compensation at Commonspirit Health

Commonspirit Health was created in 2019 when Catholic Health Initiatives (CHI) and Dignity Health merged to become the largest tax-exempt, non-profit healthcare system in the United States. With more than 150,000 employees staffing 1,000 care centers and 137 hospitals in 21 states, Commonspirit Health, the healthcare system, is comprised of hundreds of non-profits. This post only addresses the executive compensation at Commonspirit Health (CH), the non-profit, 501 (c) (3) that oversees the entire CH healthcare system. Read more »

20
Jun

Alfajores: The Oreo-Mallomar of Argentina

A traditional alfajore from Argentina is two buttery cookies filled with creamy dulce de leche caramel. Although these scrumptious treats are typically made with butter, milk, eggs, and sugar, there are as many versions as there are types of cookies (some are plain, some are covered in chocolate, etc.). What they all have in common is a loyal following of alfajore enthusiasts who couldn’t imagine life without this luscious treat.

Alfajores are to Argentinians what the Mallomar and Oreo cookies are to Americans. The idea is similar: take a cookie or two and fill the center with a soft sweet filling and then enjoy as is or add more decadence by covering the cookie in chocolate. Read more »

18
Jun

Executive Compensation at Trinity Health (MI)

Trinity Health is a tax-exempt non-profit Catholic healthcare system that employee more than 120,000 in 92 hospitals and more than 120 continuing healthcare locations (i.e. senior living, hospice, home care, etc) in 22 states. Based in Livonia, Michigan, Trinity Health includes hundreds of related and affiliated organizations. This post reports the executive compensation at Trinity Health Corporation (THC), which overseas the entire healthcare system.

Governed by 15 directors (14 of whom are independent), THC has a board made up of 7 women and 9 men (note: 16 directors are listed on the Form 990, which appears due to timing differences). Read more »