Sen. Grassley questions soaring salaries for CEOs of nonprofits

Des Moines Register, October 17, 2011

U.S. Sen. Chuck Grassley said his skepticism about the nonprofit hospital industry is heightened by the large salaries some executives make running purported charities. National reports show some nonprofit hospital executives' pay approaching $10 million per year. No one in Iowa is close to that, but IRS reports show some million-dollar-plus salaries related to nonprofit hospitals here. Bill Leaver, CEO of Iowa Health System, made $1.6 million in 2009. Kevin Lofton made $2.3 million as CEO of Catholic Health Initiatives, a nonprofit hospital group based in Colorado whose systems include Mercy in Des Moines. Joseph Swedish made $3.8 million as head of Trinity Health, a Michigan-based system whose Iowa hospitals include Mercy hospitals in Clinton, Dubuque, Dyersville, Mason City, New Hampton and Sioux City. Industry supporters say nonprofit hospitals must pay enough to compete with private industry for top executives to run their complicated organizations.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.