Richard Valente earned $1,014,159 from Covenant Medical Center, Inc. by working 40 hours a week in 2020.
Waterloo-based Covenant Medical Center, Inc. amassed $309,717,984 in revenue in the tax year ending in 2020, spending $298,323,347.
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
| Rank | Executives | Not-for-profit Organization | Total salary |
|---|---|---|---|
| 1 | Richard Naylor | Covenant Medical Center, Inc. | $1,527,928 |
| 2 | Ahsan Maqsood | Covenant Medical Center, Inc. | $1,337,768 |
| 3 | Robert Ritz | Mercy Health Network, Inc. | $1,295,481 |
| 4 | Chong C. Lee | Mercy Medical Center | $1,271,171 |
| 5 | Victor Mujica | Covenant Medical Center, Inc. | $1,104,930 |
| 6 | Sangeeta Shah | Covenant Medical Center, Inc. | $1,068,719 |
| 7 | Yen Liu | Mercy Health Services Iowa, CORP | $1,060,945 |
| 8 | Christopher Eagan | Covenant Medical Center, Inc. | $1,032,522 |
| 9 | Darin W. Smith | Mercy Medical Center | $1,016,105 |
| 10 | Richard Valente | Covenant Medical Center, Inc. | $1,014,159 |
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