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Filing year 2024

CARENET INC

Winston Salem, North Carolina·EIN 56-1977341·NTEE J21Z · Employment·501(c)(3)
Total revenue
$5.7M
Total assets
$1.9M
Total expenses
$6.7M
Reported officers
12
Mission

OUR DEDICATION TO ELEVATING HEALTH CARE FOR EVERY INDIVIDUAL, EVERY TEAMMATE AND EVERY COMMUNITY IS UNWAVERING. WE WON'T STOP UNTIL EVERYONE - NO MATTER WHO THEY ARE OR WHERE THEY COME - FROM HAS THE POSSIBILITY TO LIVE WELL. AND BECAUSE OF THIS, WE ARE REDEFINING WHY WE EXIST, OUR PURPOSE AS AN ORGANIZATION AND HOW WE MAKE IT HAPPEN TOGETHER AS ONE.OUR PURPOSE: FROM DISCOVERY TO EVERYDAY MOMENTS, WE'RE REDEFINING CARE.OUR COMMITMENTS ARE THE PROMISES OUR TEAMMATES MAKE TO FULFILL OUR PURPOSE.-LIFT EVERYONE UP: WE BELIEVE EVERYONE MATTERS AND CREATE SPACES WHERE ALL BELONG AND CAN THRIVE.-LEAD THE WAY: WE CHART NEW PATHS TO ACHIEVE THE EXTRAORDINARY.-THINK BOLDLY TOGETHER: WE COLLABORATE WITH HUMILITY, TURNING THE BEST IDEAS INTO NEW POSSIBILITIES.-EMBRACE THE UNKNOWN: WE DRIVE CHANGE THROUGH FEARLESS CURIOSITY AND UNSHAKEABLE OPTIMISM.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Employment organizations nationwide.

Treasurer
Above 90th percentile
$2.9M
$3.1M
Base
$1.7M
Bonus
$713k
Other
$103k
Benefits
$29k
Chair (to 2/1/24)
Board Chair
Above 90th percentile
$2.5M
$2.6M
Base
$953k
Bonus
$1.2M
Other
$44k
Benefits
$33k
Secretary
Secretary (Operational)
Above 90th percentile
$1.7M
$1.8M
Base
$600k
Bonus
$371k
Other
$689k
Benefits
$7k
Trustee (from 2/1/24)
Board Member
Above 90th percentile
$911k
$966k
Base
$423k
Bonus
$143k
Other
$305k
Benefits
$16k
Trustee (from 2/1/24)
Board Member
Above 90th percentile
$460k
$488k
Base
$289k
Bonus
$121k
Other
$15k
Benefits
$17k
Trustee (from 2/1/24)
Board Member
Above 90th percentile
$180k
$191k
Base
$161k
Bonus
$73
Other
$4k
Benefits
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Employment

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at CARENET INC equaled 44% of the organization's total expenses. The median for employment organizations is 7%.

This organization (2024)
44%
Sector median
7%
Middle half of sector
3% to 16%

Based on 3,624 employment organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 86%
from 2023

From $1.6M in 2023 to $2.9M in 2024.

$1.6M
2023
$2.9M
2024
In today's dollarsEst.
Up 81% in real terms$1.7M to $3.1M

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay rose 86% from 2023 to 2024, while revenue rose 9%.

$1.6M in 2023 to $2.9M in 2024.
  • Secretary (Operational) pay rose 66% from 2023 to 2024.
  • Board Member pay rose 1420% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about CARENET INC

What does the Chief Financial Officer of CARENET INC earn?

In 2024, the Chief Financial Officer of CARENET INC received $2,933,092 in total compensation. This pay is in the top 10% for Chief Financial Officer roles among Employment organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Financial Officer pay at CARENET INC compare with similar nonprofits?

Compared with the same role at Employment organizations nationwide, the 2024 pay of the Chief Financial Officer at CARENET INC falls in the top 10%. In 2024, the highest total compensation at CARENET INC equaled 44% of the organization's total expenses. The median for employment organizations is 7%.

What are CARENET INC's revenue and expenses?

In 2024, CARENET INC reported $5.7M in total revenue and $6.7M in total expenses on its IRS Form 990.

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