Non-Profits Can Be Expensive

According to data filed with the IRS, Seton Family of Hospitals was the largest non-profit in Greater Austin in 2015 – by a significant margin – and that organization represents only a portion of the entire Seton Healthcare Family. Two physician groups operating as part of Seton Healthcare Family were also included in the top 10 list: Tri-County Clinical and Seton Family of Physicians.                                          

Data was sourced from XML published by IRS Public Form 990 dataset from 2015 and published on NonProfitLight.com.

In total, 18 Seton Healthcare Family subsidiaries filed 990’s that year. And in keeping with the non-profit spirit, 15 reported expenses that exceeded revenues – including three Foundations that exist solely to raise funds for Seton – resulting in an $80+ million shortfall.

Layoffs, of course, are one way companies cut down on expenses when necessary. But according to the same IRS data, Seton might be laying off the wrong people. When it came to executive compensation for non-profits in Greater Austin that same year, Seton leadership dominated the list.

                                                                                         

Data was sourced from XML published by IRS Public Form 990 dataset from 2015 and published on NonProfitLight.com

Last week a Seton executive posted a tweet about income disparity and its turbulent effect on our current political climate. I responded with a link to the IRS data shared above, but I don't think it was well received. His original tweet was DELETED hours later. Oops.