Profits from Children's MN

Minnesota hospital executives at Children’s Minnesota and throughout our state are paid handsome salaries 1 for pushing a corporate healthcare model that puts their bottom line above patients. To ensure Minnesotans receive access to quality, affordable care, executives at organizations like Children’s need to be held accountable to priorities that serve patients and communities—not just profits. Look at the numbers below and ask yourself: is this how money in healthcare should be spent? 

Senior vice president & CEO

Mark
Gorelick, MD

Total Compensation1:

$1,488,082

Pay compared to average RN 2:

18:1

Senior vice president & CFO

Brenda McCormick

Total Compensation: 

$608,951

Pay compared to average RN: 

7:1

Senior vice president & chro

Laurin
Cathey

Total Compensation: 

$350,756

Pay compared to average RN: 

4:1

Senior vice president & CMO

Emily Chapman, MD

Total Compensation: 

$705,413

Pay compared to average RN: 

8:1

Senior vice president & cio

Dave
Lundal

Total Compensation: 

$352,605

Pay compared to average RN: 

4:1

Top paid Executives and Board of Director members at Children’s Minnesota took in a total of $10,398,405 in compensation in the year 2020.3 That money is spread out to only 21 of the highest compensated Executives and Board members, providing them an average annual income of $495,162, which is six times the average annual nurse compensation in the Twin Cities area.4

A Record of Putting Profits Before Patients

Children's MN by the Numbers

Help hold Children's MN Accountable

SOURCES

[1] 2020 990 Schedule J filed November 10, 2021

[2] May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates, Bureau of Labor Statistics

[3] 2020 990 Schedule J filed November 10, 2021

[4 May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates, Bureau of Labor Statistics

$1,488,082