Arkansas Business: Big bucks for nonprofit bosses

LITTLE ROCK, Ark. (KTHV) - Just because an organization is a classified as a nonprofit doesn't mean there isn't major money involved.

Arkansas Business this week ranks the state's biggest nonprofit organization, and finds the highest-paid nonprofit employees. The results might surprise you.

Arkansas Business' research shows there are 7 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 more than 260 nonprofit employees whose compensation exceeded $215,000 in roughly that same time period.

Here is a list of some of those employees:

1. Dr. Ali F. Krisht, a neurosurgeon at St. Vincent Health System in Little Rock, who made $1.3 million in total compensation.

2. Dr. Amr El-Shafeil of Mercy Health in Rogers, who also received about $1.3 million.

3. Kim Day, who spent 2013 as interim administrator of the Mercy Hospital in Hot Springs. Day, whose role with the health care system has since changed, earned $1.27 million.

To find someone not in healthcare, you would have to go all the way to number 24 on the list.

That person would be Nick Brown, the CEO of Southwest Power Pool of Little Rock. He received more than $755,000 in 2012.

When considering the list, it's important to keep in mind just what nonprofits are: essentially businesses without shareholders that are engaged in a mission for the public benefit.

That can include hospitals like St. Vincent and Baptist Health. These nonprofits are exempt from federal income taxes, but they still have to file annual financial reports with the IRS.

Also this week, Arkansas Business ranked the top nonprofits headquartered in Arkansas, and the top three all have one thing in common: northwest Arkansas.

1. Walton Family Foundation, with assets of nearly $2 billion.

2. Crystal Bridges Museum of American Art, with asset of about $1.2 billion.

3. University of Arkansas Foundation, with $735 million in assets.


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