Skip to content

Posts tagged ‘Adrian P Mollo’

24
Dec

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 »

10
Dec

Executive Compensation at the March of Dimes (2019)

2019 was not a great year for the March of Dimes and yet, they continue to endure.  Just six 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 until 2016, had to fund a pension/post retirement fund for employees which for some reason was not funded (and is still not fully funded by $66 million), 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 »