Skip to content

Posts tagged ‘Frederick A Brogdon’

6
Jan

Executive Compensation at the March of Dimes (2018)

The March of Dimes continues to endure. For people following the March of Dimes, the past few years have been tough on the organization.

Just 5 years ago the March of Dimes had $75 million in net fund assets and was raising close to $200 million annually, but they were spending more than they raised. ¬†Over the next few years, revenue started to decline and the organization went into a negative net fund position because they were spending anywhere from $8-$27 million more than they raised annually, had to fund a pension/post retirement liability, and had losses on investments. Read more »

24
Jan

Executive Compensation at the March of Dimes

The March of Dimes has experienced tough times for the past few years. At the beginning of 2014, the March of Dimes had $75 million in net fund assets which was reduced to $24.6 million at year-end after spending $8 million more than they raised, recognizing an unrealized loss ($1.6 million) on investments, and a $41 million pension/post-retirement liability.

In 2015, the deterioration continued when the March of Dimes spent $26.8 million more than they raised and recognized a $3.4 million unrealized loss on investments. A $19 million pension post-retirement credit resulted in the March of Dimes ending 2015 in a positive position with $13.4 million in net fund assets.

But, in 2016, the March of Dimes went into a negative net asset position. Starting with $13.4 million in net fund assets at the beginning of the year, the organization then spent $8.7 million more than they raised. Although the March of Dimes was able to post a $2.8 million unrealized gain on investments, a $20.4 million million change in pension and post retirement benefits resulted in the organization showing a negative asset balance of -$12.9 million at year-end. In other words, for 3 years the March of Dimes spent more than they raised and faced increasing pension and post retirement benefit liabilities for its employees contributing to the organization going into a financial position where their liabilities exceed their assets in 2016. Read more »