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Filing year 2023

SOMC DEVELOPMENT FOUNDATION

Portsmouth, Ohio·EIN 31-0677520·NTEE E11 · Health Care·501(c)(3)
Total revenue
$962k
Total assets
$7.2M
Total expenses
$332k
Reported officers
16
Mission

OUR MISSION IS TO MAKE A DIFFERENCE BY IDENTIFYING THE COMMUNITY'S HEALTH AND WELLNESS NEEDS WHILE BRIDGING THE GAP BETWEEN THOSE NEEDS AND THE COST OF THE SOLUTIONS. THE SOMC DEVELOPMENT FOUNDATION ENCOMPASSES FUNDRAISING EFFORTS FOR HOSPICE, CANCER, EMPLOYEE RELIEF, HEART & VASCULAR, PEDIATRICS, COMMUNITY HEALTH AND WELLNESS, THE ENDOWMENT FUND AND THE AREAS OF GREATEST NEED. THESE FUNDS GENERATE MUCH NEEDED SUPPORT AND ENABLE SOMC TO CONTINUALLY DELIVER EXTRAORDINARY CARE FOR FUTURE GENERATIONS TO COME. WE CONSIDER IT OUR RESPONSIBILITY TO SERVE OUR COMMUNITY, AND WE TAKE PRIDE IN DOING SO.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

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

President & Ceo-somc
Median to 75th percentile
$223k
$246k
VP HR & Org Development
Vice President
Median to 75th percentile
$141k
$156k
VP of Finance & CFO
Median to 75th percentile
$105k
$116k
Director-physician
Board Member
Median to 75th percentile
$61k
$68k

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 12 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at SOMC DEVELOPMENT FOUNDATION equaled 67% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
67%
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.

Up 12%
from 2022

From $199k in 2022 to $223k in 2023.

$199k
2022
$223k
2023
In today's dollarsEst.
Up 8% in real terms$228k to $246k

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

Chief Executive Officer pay rose 12% from 2022 to 2023, while revenue rose 89%.

$199k in 2022 to $223k in 2023.
  • Chief Financial Officer pay held roughly steady from 2022 to 2023.
  • Board Member pay fell 53% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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 SOMC DEVELOPMENT FOUNDATION

What does the Chief Executive Officer of SOMC DEVELOPMENT FOUNDATION earn?

In 2023, the Chief Executive Officer of SOMC DEVELOPMENT FOUNDATION received $223,103 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Health Care organizations in Ohio, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOMC DEVELOPMENT FOUNDATION compare with similar nonprofits?

Compared with the same role at Health Care organizations in Ohio, the 2023 pay of the Chief Executive Officer at SOMC DEVELOPMENT FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at SOMC DEVELOPMENT FOUNDATION equaled 67% of the organization's total expenses. The median for health care organizations is 4%.

What are SOMC DEVELOPMENT FOUNDATION's revenue and expenses?

In 2023, SOMC DEVELOPMENT FOUNDATION reported $962k in total revenue and $332k in total expenses on its IRS Form 990.

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