UPenn Doubles Loan to President

By Walter F. Roche Jr.

University of Pennsylvania President Amy Gutmann's pay dipped slightly in the last fiscal year but her loan from the university more than doubled to $1.2 million.
UPenn's tax return, known as a 990, shows that while Gutmann's salary and benefits dropped from $3.4 to $3.3 million most of the top paid university staffers saw steady pay increases for the fiscal year ending June 30, 2015.
Overall the university reported revenue of nearly $6.3 billion compared to $6 billion the previous year. Expenses totaled $5.36 billion compared to a little under $5.2 million in the prior year. The non-profit reported revenue of $457 million from the federal Medicare program for payment of care of patients at the Hospital of the University of Pennsylvania.
University officials released a public copy of the annual return in response to a request last week.
Gutmann, according to the return, owed the university $1.25 million on a loan at the end of the fiscal year, while a balance due of $700,000 was listed a year earlier. Gutmann is working under a renewed contract that keeps her at the school to 2019.
The top UPenn money earner for the fiscal year was surgeon  Dr. Thomas L. Spray with salary and benefits totaling nearly $8.4 million, a substantial jump from his $1.88 million total from the prior year.
Peter Quinn, senior vice president of the University of Pennsylvania Health Services (UPHS) had total salary and benefits of  a little over $2 million compared to $1.4 million the prior year.
Ralph Mullen, chief executive officer of UPHS collected $2.5 million in salary and benefits while Dr. N. Scott Adzick had $2.1 million.
Keith Kasper, chief financial officer for UPHS, had salary and benefits of nearly $1.3 million, up from $1.2 million the year before. UPenn executive vice president Craig Carnaroli collected salary and benefits totaling nearly $1.4 million while Larry Jameson, who holds the same title, collected more than $2.6 million.
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