The annual Business First "All About Nonprofits" research report is on newstands now. It includes details on executive salaries at area nonprofit agencies.
According to Business First, a total of 216 executives earned salaries of $100,000 or greater in fiscal 2009, including 30 who earned more than $200,000 and five who were paid more than $300,000 apiece.
The top-paid executive once again was David Dunkelman, president of Weinberg Campus, $707,648, who runs a group of related nonprofits that includes six agencies included on this year's list, with combined revenues of more than $53 million in fiscal 2009.
No. 2 is James Boles, president & CEO at People Inc., who earned $405,272 in reportable income heading up an organization with revenues of $118 million and 2,800 employees - the largest in the eight-county region for both budget and employment. Boles' salary included a one-time distribution of $113,619 at age 62, approved by the board at the time of his hiring 30 years ago.
Jurgen Arndt, president of Niagara Lutheran Health Systems Inc., received $334,256. He heads up a group of four related agencies as well, with combined revenue of nearly $34 million; while William Finn, received $302,301. Finn retired in fall 2010 as president & CEO of the Center for Hospice & Palliative Care Inc., and ran a group of agencies with combined revenues topping $53 million.
The only other individual paid more than $300,000 was Andrew Rudnick, who received $310,521. Rudnick is president & CEO at the Buffalo Niagara Partnership, a $3 million business membership agency focused on economic development.
In addition to the highest paid executives, the Million Dollar Nonprofits report includes salary detail on 470 nonprofit executives, as reported by the individual agencies in their 990 tax filing for the fiscal year beginning in 2009.
The All About Nonprofits special publication was compiled by Tracey Drury of Business First. It is included in the Nov. 4 issue of Business First for subscribers, and will be on sale at newsstands for $5.95. A series of stories with related charts and photos, including sortable databases, will also appear online at buffalo.bizjournals.com. You can order a copy by calling Karen Schiffmacher at (716) 541-1631.