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Saturday, November 23, 2024

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

Genbusiness006

Yen Liu received the seventh highest annual salary among Iowa not-for-profit executives, according to Non-Profit Light.

Yen Liu earned $1,060,945 from Mercy Health Services Iowa, CORP by working 50 hours a week in 2020.

Mason City-based Mercy Health Services Iowa, CORP amassed $829,323,680 in revenue in the tax year ending in 2020, spending $794,908,710.

There are 999 not-for-profit organizations registered in Iowa.

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 Iowa in 2020
RankExecutivesNot-for-profit OrganizationTotal salary
1Richard NaylorCovenant Medical Center, Inc.$1,527,928
2Ahsan MaqsoodCovenant Medical Center, Inc.$1,337,768
3Robert RitzMercy Health Network, Inc.$1,295,481
4Chong C. LeeMercy Medical Center$1,271,171
5Victor MujicaCovenant Medical Center, Inc.$1,104,930
6Sangeeta ShahCovenant Medical Center, Inc.$1,068,719
7Yen LiuMercy Health Services Iowa, CORP$1,060,945
8Christopher EaganCovenant Medical Center, Inc.$1,032,522
9Darin W. SmithMercy Medical Center$1,016,105
10Richard ValenteCovenant Medical Center, Inc.$1,014,159

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