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Posts tagged ‘Andrew Coccari’

27
Dec

Executive Compensation at the March of Dimes (2021)

2021 was a better year than 2020 for the March of Dimes with the benchmark being the organization went into a positive net asset position (from a negative $20 million at the end of 2020).  Just eight 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, 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 »