In this Chicago Tribune story today, we learn that Sen. Grassley is interested in the records of an Iowa nursing home that is that state's largest.
Care Initiatives reportedly has paid its board members (in 2006) as much as $412 an hour. As Senator Grassley has written "It is very rare in the charitable sector to see board members compensated -- particularly at the level of the board of Care Initiatives." Well yeah, what exactly are these folks thinking? Nonprofit boards could conceivably be compensated for expenses but beyond this, purely unacceptable.
And then there's the $2.1 million payout to the company's former CEO. This of course really explains why board members are making up to $412 an hour.
Nonprofit nursing home boards beware -- Care Initiatives is not setting the standard for compensating a nonprofit board or execs!
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Friday, February 15
Nonprofit Bad Example: Senator Grassley in Pursuit
by
mikeb
on Fri 15 Feb 2008 07:00 AM EST
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Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog. Please check out (and bookmark) my new location http://www.nonprofitboardcrisis.typepad.com Thanks for helping to make this a success!! My mission: to change the world one nonprofit at a time. I fix broken nonprofits with a focus on resolving nonprofit board/exec relationships. I also help nonprofit boards and staff figure out where they want their organization to be in the future and focus on the four columns of a nonprofit: program, management and operations, governance and sustainability. If you would like to know more about me and my firm, please visit my web site: www.brodyweiserburns.com - Mike Burns
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