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Posts tagged ‘Michael Lappin’

24
Jul

Executive Compensation at Advocate Health and Hospitals Corp

Advocate Health and Hospitals Corp is a tax-exempt non-profit 501 (c) (3) and one of many organizations within Advocate Aurora Health (which was formed when Advocate Health Care (in Illinois) and Aurora Health (in Wisconsin) merged into one healthcare system in 2018. Based in Downers Grove, Illinois, AAH operates 26 hospitals and more than 500 out patient care sites staffed by 75,000 employees.

Advocate Health and Hospitals Corp (AHHC) is governed by 11 voting members (directors), 8 of whom are independent.  12 directors are reported on the 990 (which appears to be due to timing differences) – 9 of the 12 (75%) are male while 3 of the 12 (25%) are female. 10 of the directors receive between $4,000 – $91,000 annually for an average of 1 hour of work per week. Read more »

22
Jul

Executive Compensation at Advocate Aurora Health (IL)

Advocate Aurora Health (AAH) was formed in 2018 when Advocate Health Care (in Illinois) and Aurora Health (in Wisconsin) merged into one healthcare system made up of numerous other tax-exempt, non-profit and for profit organizations.  Based in Downers Grove, Illinois, AAH operates 26 hospitals and more than 500 out patient care sites staffed by 75,000 employees.

A tax-exempt, non-profit 501 (c) (3) named Advocate Aurora Health Inc (AHHI) that provides overall management to the healthcare system. AHHI is governed by 14 directors, 12 of whom are independent.  10 of the 14 (71%) are male while 4 of the 14 (29%) are female. Read more »

30
Jun

Executive Compensation at Aurora Health Care

Aurora Health Care is a health care provider for 30 communities in eastern Wisconsin and northern Illinois with 15 hospitals, more than 150 clinics, and 70 pharmacies.  In addition, Aurora Health care has approximately 700 clinical research projects including more than 400 clinical trials going on.

The most recent IRS Form 990 (2016) reports the organization – a 501 (c) (3) based in Milwaukee, Wisconsin – reported total revenue of $4.629 billion, almost all of which came from program services. Expenses totaled $4.287 billion (including $140 million in depreciation) concentrated in three areas: compensation ($2.252 billion), payments to affiliates ($807 million), and medical supplies/equipment rental/hospital tax assessment ($752 million). Aurora Health Care had $342 million in excess revenue which contributed to the organization’s ability to increase the net assets or fund balance from $4.485 billion in the beginning of the year to $4.836 billion at year-end.

In 2016, the organization employed 29,543 employees who were compensated $2.252 billion, which equates to an average compensation of $76,500. 3,155 employees received more than $100,000 in compensation with the 87 most highly compensated employees listed below: Read more »