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Posts tagged ‘Keert Anzilotti’

11
Aug

Executive Compensation at Christiana Care Health Services

Christiana Care Health System includes an extensive network of inpatient and outpatient servers (2 hospitals, medical aid units, home healthcare, and more) in Delaware. A not-for-profit teaching healthcare system, the Christiana Care Health System includes many non-profits that make the organization the largest employer in the state with about 12,000 employees.

The President and CEO and management team are compensated from Christiana Care Health Services, Inc. (CCHSI), a non-profit 501 (c) (3) headquarted in Wilmington, Delaware.

For the year ending June 30, 2017, CCHSI reported total revenue of $1.8 billion, total expenses of almost $1.6 billion, leaving more than $200 million added to the net fund balance which had $2.3 billion at year-end (note:  $86 million in net unrealized gains on investments and $70 million in changes in pensions and post retirement benefits also helped increase the net fund balance from $1.9 billion at the beginning of the year).  In other words, CCHSI is making money by spending less than they are taking in but also by gains on investments and decreased pension and post retirement liabilities. With more than $2 billion in net fund assets, this non-profit is sitting in a comfortable position. Read more »