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Sunday, December 22, 2024

What was the highest salary earned by a not-for-profit executive in Kentucky in 2020?

Genbusiness007

Michael Rust received the sixth highest annual salary among Kentucky not-for-profit executives, according to Non-Profit Light.

Michael Rust earned $1,349,322 from Kentucky Hospital Association by working 30 hours a week in 2020.

Louisville-based Kentucky Hospital Association amassed $7,583,754 in revenue in the tax year ending in 2020, spending $6,498,367.

There are 829 not-for-profit organizations registered in Kentucky.

How not-for-profit executives and staff are paid is an issue consistently under the microscope.

“We urge donors to be wary of charities that pay salaries hovering near or above $1 million,” Ken Berger, president and CEO of Charity Navigator, said. “The purpose of a charity is to provide a public benefit. Every donor and tax payer subsidizes the charitable sector with that purpose in mind, not creating a class of millionaire CEOs.”

Top 10 not-for-profit executives by total salary in Kentucky in 2020
RankExecutivesNot-for-profit OrganizationTotal salary
1Fredric Scott SatterfieldUniversity of Louisville Athletic Association$4,140,900
2Christopher L. MackUniversity of Louisville Athletic Association$4,136,671
3Van BreedingMountain Comprehensive Health Corporation$1,670,604
4Jeff WalzUniversity of Louisville Athletic Association$1,662,047
5Charles CrouseSt. Claire Medical Center, Inc.$1,460,414
6Michael RustKentucky Hospital Association$1,349,322
7Daniel S. McDonnellUniversity of Louisville Athletic Association$1,295,414
8Greg StrahanOwensboro Health, Inc.$1,249,174
9Reid WilsonOwensboro Health Medical Group, Inc.$1,242,281
10Mansha KahloonSt. Claire Medical Center, Inc.$1,229,949

ORGANIZATIONS IN THIS STORY

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