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Sunday, December 22, 2024

What was the highest salary earned by a not-for-profit executive in Maine in 2020?

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Tarek Radwan received the third highest annual salary among Maine not-for-profit executives, according to Non-Profit Light.

Tarek Radwan earned $1,065,102 from Central Maine Medical Center by working 55 hours a week in 2020.

Lewiston-based Central Maine Medical Center amassed $396,713,032 in revenue in the tax year ending in 2020, spending $415,280,794.

There are 625 not-for-profit organizations registered in Maine.

How not-for-profit executives and staff are paid is an issue consistently under the microscope.

“We urge donors to be wary of charities that pay salaries hovering near or above $1 million,” Ken Berger, president and CEO of Charity Navigator, said. “The purpose of a charity is to provide a public benefit. Every donor and tax payer subsidizes the charitable sector with that purpose in mind, not creating a class of millionaire CEOs.”

Top 10 not-for-profit executives by total salary in Maine in 2020
RankExecutivesNot-for-profit OrganizationTotal salary
1Paula VolentBowdoin College$4,170,808
2David A. GreenePresident & Trustees of Colby College$1,070,819
3Tarek RadwanCentral Maine Medical Center$1,065,102
4Lisa RutsteinCentral Maine Medical Center$966,234
5Faddy AssloMaineGeneral Health and Affiliates$943,155
6George PolkinghornMaineGeneral Health and Affiliates$940,789
7Joseph ScordinoPenobscot Bay Physicians & Association$928,019
8Paul WeldnerCentral Maine Medical Center$906,142
9Charles HaysMaineGeneral Health$886,354
10Sean McGarrCentral Maine Medical Center$826,280

ORGANIZATIONS IN THIS STORY

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