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Filing year 2024

MAYO CLINIC

Rochester, Minnesota·EIN 41-6011702·NTEE E21 · Health Care·501(c)(3)
Total revenue
$7.9B
Total assets
$26.7B
Total expenses
$6.3B
Reported officers
80
Mission

TO INSPIRE HOPE AND CONTRIBUTE TO HEALTH AND WELL-BEING BY PROVIDING THE BEST CARE TO EVERY PATIENT THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION AND RESEARCH.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 60 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Health Care organizations in Minnesota.

Physician
Highest Compensated Employee
Above 90th percentile
$1.6M
$1.8M
Base
$1.3M
Bonus
Other
$266k
Benefits
$40k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$1.6M
$1.8M
Base
$1.2M
Bonus
Other
$345k
Benefits
$33k
Physician
Highest Compensated Employee
Above 90th percentile
$1.6M
$1.7M
Base
$1.3M
Bonus
Other
$272k
Benefits
$33k
Physician
Highest Compensated Employee
Above 90th percentile
$1.6M
$1.7M
Base
$1.3M
Bonus
Other
$202k
Benefits
$40k
Dir-spine Center
Highest Compensated Employee
Above 90th percentile
$1.5M
$1.6M
Base
$1.2M
Bonus
Other
$268k
Benefits
$33k
Physician
Highest Compensated Employee
Above 90th percentile
$1.5M
$1.6M
Base
$1.2M
Bonus
Other
$239k
Benefits
$39k
Executive Dean of Research
Key Employee
Above 90th percentile
$1.3M
$1.4M
Base
$1M
Bonus
Other
$144k
Benefits
$39k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$1.2M
$1.3M
Base
$952k
Bonus
Other
$203k
Benefits
$31k
Cao-mcs
Key Employee
Above 90th percentile
$1.2M
$1.3M
Base
$967k
Bonus
Other
$179k
Benefits
$38k
Ceo-mcs
Key Employee
Above 90th percentile
$1.2M
$1.2M
Base
$918k
Bonus
Other
$151k
Benefits
$37k
Chief Development Officer
Above 90th percentilevs Health Care peers nationwide
$1.1M
$1.2M
Base
$965k
Bonus
Other
$92k
Benefits
$27k
Trustee
Board Member
Above 90th percentile
$1.1M
$1.2M
Base
$824k
Bonus
Other
$198k
Benefits
$37k
Trustee
Board Member
Above 90th percentile
$1.1M
$1.1M
Base
$809k
Bonus
Other
$163k
Benefits
$29k
Physician
Key Employee
Above 90th percentile
$1M
$1.1M
Base
$800k
Bonus
Other
$157k
Benefits
$37k
Div Chair-heart Rhythm
Key Employee
Above 90th percentile
$980k
$1.1M
Base
$863k
Bonus
Other
$51k
Benefits
$37k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$923k
$993k
Base
$717k
Bonus
Other
$110k
Benefits
$36k
Executive Dean of Development
Key Employee
Above 90th percentile
$923k
$993k
Base
$724k
Bonus
Other
$121k
Benefits
$36k
Chair-surgery
Key Employee
Above 90th percentile
$919k
$989k
Base
$716k
Bonus
Other
$120k
Benefits
$36k
Physician
Key Employee
Above 90th percentile
$908k
$976k
Base
$736k
Bonus
Other
$116k
Benefits
$11k
Chief Value Officer
Key Employee
Above 90th percentile
$893k
$961k
Base
$703k
Bonus
Other
$114k
Benefits
$36k
Trustee
Board Member
Above 90th percentile
$870k
$936k
Base
$762k
Bonus
Other
$49k
Benefits
$36k
Physician
Key Employee
Above 90th percentile
$868k
$934k
Base
$668k
Bonus
Other
$118k
Benefits
$36k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$850k
$914k
Base
$441k
Bonus
Other
$333k
Benefits
$9k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$778k
$837k
Base
$596k
Bonus
Other
$96k
Benefits
$35k
Physician
Key Employee
Above 90th percentile
$774k
$832k
Base
$615k
Bonus
Other
$85k
Benefits
$35k
Director-critical Care
Key Employee
Above 90th percentile
$771k
$829k
Base
$607k
Bonus
Other
$78k
Benefits
$35k
Physician
Key Employee
Above 90th percentile
$769k
$827k
Base
$602k
Bonus
Other
$91k
Benefits
$35k
Chair-research Admin
Key Employee
Above 90th percentile
$743k
$799k
Base
$643k
Bonus
Other
$39k
Benefits
$22k
Physician
Key Employee
Above 90th percentile
$726k
$781k
Base
$577k
Bonus
Other
$68k
Benefits
$35k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$708k
$762k
Base
$579k
Bonus
Other
$87k
Benefits
$28k
Chair-pain Medicine
Key Employee
75th to 90th percentile
$699k
$752k
Base
$577k
Bonus
Other
$53k
Benefits
$35k
Trustee
Board Member
Above 90th percentile
$676k
$727k
Base
$493k
Bonus
Other
$100k
Benefits
$28k
Trustee
Board Member
Above 90th percentile
$666k
$716k
Base
$570k
Bonus
Other
$57k
Benefits
$9k
Former Key Employee
Former Officer/director/trustee
Above 90th percentile
$611k
$657k
Base
$455k
Bonus
Other
$105k
Benefits
$25k
Chair-internal Medicine
Key Employee
75th to 90th percentile
$550k
$592k
Base
$443k
Bonus
Other
$26k
Benefits
$35k
Chair-facilities
Key Employee
75th to 90th percentile
$516k
$555k
Base
$447k
Bonus
Other
$32k
Benefits
$24k
Executive Leader-harwick
Key Employee
75th to 90th percentile
$508k
$547k
Base
$413k
Bonus
Other
$50k
Benefits
$14k
Former Key Employee
Former Officer/director/trustee
75th to 90th percentile
$457k
$492k
Base
$329k
Bonus
Other
$89k
Benefits
$25k
Former Key Employee
Former Officer/director/trustee
75th to 90th percentile
$408k
$439k
Base
$306k
Bonus
Other
$73k
Benefits
$17k
CFO
25th percentile to median
$102k
$110k
Treasurer
25th percentile to median
$94k
$101k
Trustee/vp
Officer (Unspecified)
$93k
$100k
Trustee/vp
Officer (Unspecified)
$91k
$98k
Former Officer
Former Officer/director/trustee
Median to 75th percentile
$90k
$97k
Asst Treasurer
25th percentile to median
$89k
$96k
Asst Secy
Officer (Unspecified)
$86k
$93k
Trustee
Board Member
Median to 75th percentile
$83k
$89k
Trustee/vp
Officer (Unspecified)
$82k
$88k
Trustee
Board Member
Median to 75th percentile
$79k
$85k
Former Officer
Former Officer/director/trustee
Median to 75th percentile
$73k
$79k
Former Key Employee
Former Officer/director/trustee
Median to 75th percentile
$70k
$76k
Trustee/asst Secy
Officer (Unspecified)
$66k
$71k
Trustee/president/ceo
25th percentile to median
$66k
$71k
Asst Treasurer
25th percentile to median
$60k
$65k
Former Key Employee
Former Officer/director/trustee
25th percentile to median
$56k
$60k
Secy
Officer (Unspecified)
$53k
$57k
Trustee/asst Secy
Officer (Unspecified)
$47k
$50k
Trustee
Board Member
25th percentile to median
$43k
$46k
Asst Treasurer
10th to 25th percentile
$30k
$33k
Trustee
Board Member
25th percentile to median
$30k
$32k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 20 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MAYO CLINIC equaled 0.0% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
0.0%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

$501k

Up 3%
from 2023

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

$1.6M
2023
$1.6M
2024
In today's dollarsEst.
Roughly flat in real terms$1.8M to $1.8M

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

Pay for the position

Highest Compensated Employee pay rose 3% from 2023 to 2024, while revenue rose 7%.

$1.6M in 2023 to $1.6M in 2024.
  • Former Officer/director/trustee pay rose 36% from 2023 to 2024.
  • Key Employee pay fell 17% 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 MAYO CLINIC

What does the Highest Compensated Employee of MAYO CLINIC earn?

In 2024, the Highest Compensated Employee of MAYO CLINIC received $1,642,488 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Health Care organizations in Minnesota: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at MAYO CLINIC compare with similar nonprofits?

Compared with the same role at Health Care organizations in Minnesota, the 2024 pay of the Highest Compensated Employee at MAYO CLINIC falls in the top 10%. In 2024, the highest total compensation at MAYO CLINIC equaled 0.0% of the organization's total expenses. The median for health care organizations is 4%.

What are MAYO CLINIC's revenue and expenses?

In 2024, MAYO CLINIC reported $7.9B in total revenue and $6.3B in total expenses on its IRS Form 990.

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