Pay Tops $1 Million For Seven on Highest-paid Nonprofit Employees List

by Gwen Moritz  on Monday, Jun. 16, 2014 12:00 am  

Moving from the public sector to the nonprofit sector has been financially rewarding for Dr. Ali F. Krisht.

The neurosurgeon working for the St. Vincent Health System in Little Rock ranks No. 1 on this week’s list of the highest-paid nonprofit employees in Arkansas with total compensation exceeding $1.3 million in the fiscal year that ended in mid-2012, the most recent data available.

In fact, he’s one of seven nonprofit employees in Arkansas who earned more than $1 million in the 2012 tax year. All of them are either medical doctors or hospital administrators, as are the vast majority of the 262 nonprofit employees whose compensation exceeding $215,000 is reported in this issue.

A close second on the list is Dr. Amr El-Shafeil, a physician with Mercy Health in Rogers whose compensation also topped $1.3 million in 2012.

No. 3 also works for Mercy: Kim Day, who spent 2013 as interim administrator of the Mercy Hospital in Hot Springs, which was subsequently sold to St. Vincent. Day, who is a regional administrator for the Missouri-based Mercy health care system, was paid $1.27 million.

Buy the Lists: Click to purchase the list of the top-paid nonprofit employees, and the list of Arkansas' largest nonprofits.

The most highly paid nonprofit employee who does not work in the health care industry is No. 24 Nicholas Brown, president and CEO of Southwest Power Pool of Little Rock. The regional electricity transmission organization paid Brown $755,469 in 2012. Another 20 SPP employees were paid at least $200,000 that year.

Krisht was overlooked when Arkansas Business introduced the nonprofit salaries list last year, when he should have ranked No. 3 with a compensation of $883,568 in fiscal 2011. But the next year he got a raise in his disclosed base compensation of almost $160,000, plus incentive pay of almost $270,000 and a smattering of other income that was disclosed in a tax form filed by St. Vincent Medical Group.

Krisht was being paid about $550,000 when he left the University of Arkansas for Medical Sciences in 2009, according to data that Arkansas Business collected at the time.

List Methodology

Nonprofit organizations — essentially businesses with no shareholders that are engaged in a mission for the public benefit — are exempt from federal income taxes. In exchange for that advantage, the organizations are required to file annual financial reports with the Internal Revenue Service.

Such a report is known as an IRS Form 990, although there are variations in the form depending on the nonprofits’ total revenue and purpose. Unlike individual income tax returns, the 990s are public documents.

 

 

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