Executive Compensation at New Hampshire’s Non-Profit Hospitals 12
Table 2: Wages from annual W-2 forms for CEOs of New Hampshire’s non-profit hospitals
2006 2007
%
2009
%
2010
%
ALICE PECK DAY
$276,241 $287,079 3.9% $289,660 0.9% $293,463 1.3% $308,651 4.9%
ANDROSCOGGIN VALLEY
$289,047 $256,611 -11.2% $294,294 14.7% $349,347 18.7% $445,725 21.6%
CATHOLIC MEDICAL CENTER
$578,308 $627,660 8.5% $1,052,396 67.7% $747,262 -29.0% $776,940 3.8%
CHESHIRE MEDICAL CENTER $362,417 $396,914 9.5% $459,106 15.7% $451,852 -1.6% $496,516 9.0%
CONCORD HOSPITAL $558,520 $583,222 4.4% $636,480 9.1% $666,366 4.7% $661,322 -0.8%
COTTAGE HOSPITAL $176,223 $187,937 6.6% $211,167 12.4% $207,234 -1.9% $188,598 -9.9%
ELLIOT HOSPITAL
$516,531 $578,430 12.0% $638,032 10.3% $639,646 0.3% $704,950 9.3%
EXETER HOSPITAL
$561,581 $692,995 23.4% $710,198 2.5% $704,206 -0.8% $763,615 7.8%
FRISBIE MEMORIAL
$341,868 $361,411 5.7% $380,637 5.3% $388,806 2.1% $393,072 1.1%
HUGGINS HOSPITAL
$198,522 $252,211 27.0% $238,161 -5.6% $217,153 -8.8% $260,614 16.7%
LITTLETON REGIONAL $103,503 $171,025 65.2% $266,480 55.8% $276,246 3.7% $293,337 5.8%
LRGHEALTHCARE $341,520 $478,710 40.2% $438,529 -8.4% $453,385 3.4% $450,196 -0.7%
MARY HITCHCOCK MEMORIAL
$391,960 $556,500 42.0% $667,393 19.9% $757,755 13.5% $783,533 3.3%
MEMORIAL HOSPITAL
$385,360 $390,515 1.3% $356,175 -8.8% $366,392 2.9% $243,754 -50.3%
MONADNOCK COMMUNITY
$255,726 $254,836 -0.3% $265,411 4.1% $278,973 5.1% $272,408 -2.4%
NEW LONDON HOSPITAL
$284,834 $322,426 13.2% $333,741 3.5% $358,332 7.4% $329,095 -8.9%
SO. NH MEDICAL CENTER $581,547 $589,398 1.4% $637,053 8.1% $649,414 1.9% $669,530 3.0%
SPEARE MEMORIAL HOSPITAL $164,377 $185,383 12.8% $201,101 8.5% $216,909 7.9% $201,928 -7.4%
ST JOSEPH HOSPITAL $442,295 $457,812 3.5% $481,589 5.2% $491,336 2.0% $600,022 18.1%
UPPER CONNECTICUT VALLEY
$142,271 $118,126 -17.0% $142,125 20.3% $136,159 -4.2% $125,262 -8.7%
VALLEY REGIONAL HOSPITAL
$241,043 $253,354 5.1% $262,741 3.7% $293,209 11.6% $292,064 -0.4%
WEEKS MEDICAL CENTER
$167,401 $183,083 9.4% $196,171 7.1% $207,497 5.8% $213,547 2.8%
WENTWORTH-DOUGLASS
$415,052 $1,488,816 258.7% $606,335 -59.3% $587,656 -3.1% $605,303 2.9%
Note: St. Joseph Hospital hired a new CEO in mid-2010.
The figure listed for that year above includes compensation for the old and new CEOs.
But to better understand how hospitals compare in their compensation practices within a single
year, the Form 990s are a more useful tool, since they require a more detailed breakdown of
compensation categories than the W-2s do, and generally include a broader range of
compensation.
The following two tables show the variance in the kinds of compensation tools that hospitals use
in paying their CEOs. In 2008, base salaries ranged from 40 percent to 95 percent of total
compensation, based on figures reported by hospitals in their annual IRS filings (See Table 3
below). That range is an indication of the very different weight that non-salary compensation –
including bonuses, deferred compensation and retirement compensation – plays in compensation
packages at hospitals across the state.
Bonuses, as measured as a percent of base salary, also covered a wide range – from 0 percent at
the 10 hospitals that provided no bonus in 2008, to 84 percent at Catholic Medical Center. (The
majority of that year’s bonus was the result of a one-time longevity payout to Catholic Medical
Center’s CEO, representing several years of service, according to the hospital’s IRS filing.)