New York State to Investigate Nonprofits with Eye on Executive Compensation

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New York State Governor Andrew Cuomo recently announced that the State will be conducting investigations of nonprofit organizations, including hospitals and clinics, that receive Medicaid funding from the State. A New York State Not-for-Profit Entities Task Force will be created to audit the organizations with a focus on executive compensation levels. The investigations are in response to reports of excessive salaries and compensation packages for executives of nonprofit organizations that depend on state Medicaid funding.