"Hospital CEOS, including those at children's hospitals, are among the most lavishly compensated executives in the nonprofit field," said Daniel Borochoff, president of the American Institute of Philanthropy, a charity watchdog group based in Chicago. "If hospital CEO compensation were more in line with other large nonprofits then there could be more funding for community benefits such as free or discounted health care or important medical research."
In 2009, an advocacy group for nonprofit hospitals and other health care groups warned its members that the pay packages were coming under increasing scrutiny. "Boards would be wise to streamline their executive compensation programs to make them less tempting targets," a report prepared for the Alliance for Advancing Nonprofit Health Care stated.
The report pointed to cars, bonuses, generous retirement payouts and country club memberships as likely to attract criticism. "Many nonprofit organizations have been pressing their luck by imitating patterns in the for-profit sector," it noted.
That year, CEO compensation at the 25 largest independent children's hospitals ranged from a high of nearly $6 million to a low of $686,125, records show.
In all, CEOs collected more than $38 million, including deferred income and supplemental retirement awards, for an average of $1.5 million each.
If you are interested in looking up data for your own hospital or for any non-profit, go to Guidestar at http://www2.guidestar.org/Home.aspx and search for the organization. When you have found it, go to the Form 990 section (you will have to register - it's free). Then you will have to look for either page 7, which is where the data may be, or go to an appendix/attachment at the end. Happy hunting.
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