(Credit: Phantom Cab Driver Phites Back.)
One of great unstated facts of City governance and AIDS Inc is that Tom Nolan, when he was executive director of the AIDS food bank Project Open Hand up until the end of 2011 when he retired from the agency, served more time performing his duties as chair of the San Francisco Metropolitan Transportation Agency than at the AIDS service organization.
POH post's their most recent IRS 990, for fiscal year 2012, and the report shows Nolan's total exit compensation package was $317,453. Nolan's base pay was $193,886 he also received $123,567 in retirement benefits he'd been banking for a few years.
The agency's revenue dropped from $9.2 million in 2011 to $8.8 million in 2012, while the deficit jumped from $600,000 to $1 million and their assets fell from $7.4 million down to $6.4 million.
No matter how you slice Nolan's take-home package of $317,453, it's a robust amount for an executive of an AIDS non-profit agency. These executive directors sure know how to take care of themselves.
POH post's their most recent IRS 990, for fiscal year 2012, and the report shows Nolan's total exit compensation package was $317,453. Nolan's base pay was $193,886 he also received $123,567 in retirement benefits he'd been banking for a few years.
The agency's revenue dropped from $9.2 million in 2011 to $8.8 million in 2012, while the deficit jumped from $600,000 to $1 million and their assets fell from $7.4 million down to $6.4 million.
No matter how you slice Nolan's take-home package of $317,453, it's a robust amount for an executive of an AIDS non-profit agency. These executive directors sure know how to take care of themselves.
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