In 2017, Ascension Health reported total revenue of $302 million and expenses of $296 million (including $35 million in depreciation) leaving $6 million to go to the net fund balance along with a $128 million net intracompany transfers to increase the net fund balance from $269 million at the beginning of the year to $403 million at year-end.ĩ12 individuals (total employees) received $107 million in compensation which equates to an average compensation of $117,000. The IRS Form 990 for the year ending Jalso reports Ascension Health Alliance paid for first class or charter travel, housing allowance and or a residence for personal use, and tax indemnification and gross-up payments Schedule J, Part III, Supplemental Information does not provide any specific detail as to the extent of these expenses. Two conclusions arise from the above list: First, the most highly compensated individuals are receiving exorbitant salaries (especially given the Catholic doctrine) and second, how shameful is it that the 8 most highly compensated individuals are all male? Seems unbelievable that Ascension Health Alliance could not find at least 3-4 competent females (to roughly mirror the population) to fill any of these positions. $ 5,083,444: Anthony J Speranzo, Chief Financial Officer.$13,627,686: Anthony R Tersigni, President and CEO.
The 7 most highly compensated individuals were all male and received $2.9 million -$13.6 million: However, only 523 individuals received more than $100,000 in compensation which suggests that those most highly compensated received significantly higher compensation. Added to the fund balance along with nearly $500 million in net unrealized gains on assets and an $11 billion transfer from an affiliate meant that the net fund balance (which is often referred to as the endowment) grew by more than $12 billion from $1 billion to $13 million.Ģ,786 individuals (total employees) were compensated $464 million which equates to an average compensation of $167,000 each. In 2017, Ascension Health Alliance reported total revenue of $1.9 billion and expenses of nearly $1.3 billion, leaving more than $600 million unspent at year-end. Consequently, there are two separate IRS Form 990’s that need to be viewed to gain an understanding of the executive compensation. The sole corporate member of Ascension Health is Ascension Health Alliance, a Missouri non-profit 501 (c) (3). Ascension Health is the nation’s largest Catholic non-profit health system with 151 hospitals, 2,600 sites of care, and 50 senior living facilities in 21 states and the District of Columbia.
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