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Filing year 2023

WakeMed

Raleigh, North Carolina·EIN 56-6017737·NTEE E21 · Health Care·501(c)(3)
Total revenue
$2.3B
Total assets
$2B
Total expenses
$2.3B
Reported officers
49
Mission

THE MISSION OF WAKEMED IS TO IMPROVE THE HEALTH AND WELL-BEING OF OUR COMMUNITY WITH OUTSTANDING AND COMPASSIONATE CARE TO ALL.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 33 reported individuals · Filing year 2023

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

President & CEO
Above 90th percentilevs Health Care peers in North Carolina
$1.9M
$2.1M
Base
$1.3M
Bonus
$515k
Other
$67k
Benefits
$4k
Physician
Highest Compensated Employee
Above 90th percentilevs Health Care peers in North Carolina
$1.6M
$1.7M
Base
$640k
Bonus
$884k
Other
$14k
Benefits
$28k
Physician
Highest Compensated Employee
Above 90th percentilevs Health Care peers in North Carolina
$1.5M
$1.6M
Base
$1.1M
Bonus
$363k
Other
$4k
Benefits
$26k
Physician
Highest Compensated Employee
Above 90th percentilevs Health Care peers in North Carolina
$1.4M
$1.5M
Base
$507k
Bonus
$819k
Other
$27k
Benefits
$10k
Physician
Highest Compensated Employee
Above 90th percentilevs Health Care peers in North Carolina
$1.4M
$1.5M
Base
$932k
Bonus
$372k
Other
$10k
Benefits
$31k
Physician
Highest Compensated Employee
Above 90th percentilevs Health Care peers in North Carolina
$1.3M
$1.5M
Base
$990k
Bonus
$285k
Other
$25k
Benefits
$28k
EVP & Chief Operating Officer
Above 90th percentilevs Health Care peers in North Carolina
$685k
$749k
Base
$647k
Bonus
Other
$18k
Benefits
$300
Evp, Physician Services
Executive Vice President
75th to 90th percentile
$663k
$724k
Base
$640k
Bonus
Other
$3k
Benefits
SVP & Administrator Raleigh
Senior Vice President
Median to 75th percentile
$550k
$600k
Base
$489k
Bonus
Other
$27k
Benefits
$14k
VP & Chief Legal Officer (until 12/1/23)
Board Vice President
75th to 90th percentile
$477k
$521k
Base
$427k
Bonus
Other
$2k
Benefits
$28k
SVP - Operations & Cno
Senior Vice President
Median to 75th percentile
$477k
$521k
Base
$408k
Bonus
Other
$27k
Benefits
$23k
Chief Medical Officer, Raleigh
Key Employee
75th to 90th percentilevs Health Care peers in North Carolina
$475k
$519k
Base
$446k
Bonus
Other
$6k
Benefits
$3k
VP & Chief Information Officer
Chief Information Officer
75th to 90th percentile
$452k
$493k
Base
$405k
Bonus
Other
$22k
Benefits
$5k
SVP - Strategic Ventures & Ambulatory Operations
Senior Vice President
Median to 75th percentile
$444k
$485k
Base
$386k
Bonus
Other
$19k
Benefits
$20k
Vp, Medical Information
Board Vice President
75th to 90th percentile
$442k
$483k
Base
$391k
Bonus
Other
$3k
Benefits
$29k
VP & Chief Strategy Officer
Board Vice President
75th to 90th percentile
$432k
$472k
Base
$383k
Bonus
Other
$6k
Benefits
$24k
SVP & Chief Quality Officer
Senior Vice President
Median to 75th percentile
$425k
$464k
Base
$405k
Bonus
Other
$611
Benefits
Chief Medical Officer, North
Key Employee
75th to 90th percentilevs Health Care peers in North Carolina
$412k
$450k
Base
$378k
Bonus
Other
$5k
Benefits
$10k
SVP & Administrator North
Senior Vice President
Median to 75th percentile
$406k
$443k
Base
$354k
Bonus
Other
$3k
Benefits
$29k
Chief Medical Officer, Mental Health & Well-being
Key Employee
75th to 90th percentilevs Health Care peers in North Carolina
$402k
$439k
Base
$343k
Bonus
$9k
Other
$2k
Benefits
$28k
Vp, Facilities & Construction
Board Vice President
75th to 90th percentile
$402k
$439k
Base
$335k
Bonus
Other
$35k
Benefits
$12k
VP & Chief Compliance & Privacy Officer (until 2/24)
Vice President
75th to 90th percentile
$399k
$436k
Base
$351k
Bonus
Other
$2k
Benefits
$26k
EVP & Chief Financial Officer
75th to 90th percentilevs Health Care peers in North Carolina
$391k
$427k
Base
$352k
Bonus
Other
$2k
Benefits
$20k
Svp, Human Resources
Senior Vice President
Median to 75th percentile
$377k
$412k
Base
$348k
Bonus
Other
$541
Benefits
$9k
Vp, Revenue Cycle
Board Vice President
Median to 75th percentile
$366k
$400k
Base
$265k
Bonus
Other
$64k
Benefits
$19k
Vp, Marketing and Communications
Board Vice President
Median to 75th percentile
$362k
$396k
Base
$319k
Bonus
Other
$23k
Benefits
$849
Vp, Governmental Affairs
Board Vice President
Median to 75th percentile
$360k
$393k
Base
$296k
Bonus
Other
$16k
Benefits
$29k
SVP & Administrator Cary
Senior Vice President
Median to 75th percentile
$356k
$388k
Base
$332k
Bonus
Other
$1k
Benefits
$3k
Vp, Payor Strategy & Managed Care Contracting
Board Vice President
Median to 75th percentile
$355k
$388k
Base
$318k
Bonus
Other
$7k
Benefits
$11k
Former Vp, Wakemed Physician Practices (until 6/3/23)
Board Vice President
25th percentile to median
$170k
$186k
Base
$152k
Bonus
Other
$3k
Benefits
$5k
Vp, Compliance and Privacy - Interim (from 12/3/23)
Vice President
Median to 75th percentile
$170k
$186k
Base
$136k
Bonus
Other
$101
Benefits
$25k
Former Secretary (until 2/7/23)
Former Officer/director/trustee
Median to 75th percentile
$139k
$151k
Base
$121k
Bonus
Other
$1k
Benefits
$9k
Officer - Secretary
Secretary (Operational)
Median to 75th percentile
$93k
$101k

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 16 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at WakeMed equaled 0.1% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
0.1%
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.

Down 2%
from 2022

From $1.9M in 2022 to $1.9M in 2023.

$1.9M
2022
$1.9M
2023
In today's dollarsEst.
Down 6% in real terms$2.2M to $2.1M

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 Executive Officer pay fell 2% from 2022 to 2023, while revenue rose 11%.

$1.9M in 2022 to $1.9M in 2023.
  • Highest Compensated Employee pay rose 16% from 2022 to 2023.
  • Executive Vice President pay rose 6% 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 WakeMed

What does the Chief Executive Officer of WakeMed earn?

In 2023, the Chief Executive Officer of WakeMed received $1,905,182 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Health Care organizations in North Carolina: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at WakeMed compare with similar nonprofits?

Compared with the same role at Health Care organizations in North Carolina, the 2023 pay of the Chief Executive Officer at WakeMed falls in the top 10%. In 2023, the highest total compensation at WakeMed equaled 0.1% of the organization's total expenses. The median for health care organizations is 4%.

What are WakeMed's revenue and expenses?

In 2023, WakeMed reported $2.3B in total revenue and $2.3B in total expenses on its IRS Form 990.

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