Compensation 990

Mayo Clinic

Fiscal year ending 2024. Filed on November 17, 2025.

PO Box 4007
Rochester, Minnesota 55903

Mayo Clinic (EIN: 41-6011702) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Mayo Clinic, a 501(c)(3) charitable organization, reported compensation for 62 out of 30,970 total employees. Among the employees shown here, the average compensation is $1,105,926. The highest compensated employee at Mayo Clinic is Farrugia M.D. Gianrico with fiscal year 2024 compensation of $4,888,096.

Revenue, expenses, and employee compensation

Revenue

$7,929,118,794

Expenses

$6,313,480,074

Employee compensation

$3,833,014,169
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋13.4%vs 2023
Farrugia M.D. Gianrico
President and Chief Executive Officer and Trustee
$4,888,096
$0 from org$4,822,235 from related$65,861 other
＋23.6%vs 2023
Thielen M.D. Kent R
Vice President and Trustee
$3,206,799
$0 from org$3,113,840 from related$92,959 other
＋24.4%vs 2023
Gray M.D. Richard J
Vice President and Trustee
$3,202,023
$0 from org$3,110,824 from related$91,199 other
＋24.2%vs 2023
Williams M.D. Amy W
Trustee
$2,328,769
$0 from org$2,299,102 from related$29,667 other
＋12.0%vs 2023
Zorn Christina K
Vice President and Trustee
$2,169,564
$0 from org$2,087,648 from related$81,916 other
＋16.0%vs 2023
Dahlen Dennis E
Chief Financial Officer
$1,990,254
$0 from org$1,888,039 from related$102,215 other
＋8.3%vs 2023
Murphy Joshua B
Secretary
$1,838,681
$0 from org$1,785,340 from related$53,341 other
－7.1%vs 2023
Gorman Paul A
Treasurer
$1,748,824
$0 from org$1,655,287 from related$93,537 other
＋2.5%vs 2023
Lanzino M.D. Giuseppe
Physician
$1,642,488
$1,554,724 from orgNo related comp$87,764 other
＋6.4%vs 2023
Gores M.D. Gregory J
Former Key Employee
$1,639,409
$1,589,132 from orgNo related comp$50,277 other
＋1.9%vs 2023
Krauss M.D. William E
Physician
$1,623,096
$1,576,058 from orgNo related comp$47,038 other
＋9.9%vs 2023
Clarke M.D. Michelle J
Physician
$1,566,100
$1,495,190 from orgNo related comp$70,910 other

Non-Employee Board Members

New in 2024
Shannon Michael
Trustee
$143,059
$0 from org$143,059 from relatedNo other comp
＋35.1%vs 2023
Roberts Robin R
Trustee
$13,088
$0 from org$13,088 from relatedNo other comp
－40.7%vs 2023
Alix Jay
Trustee
$12,173
$0 from org$12,173 from relatedNo other comp
＋50.0%vs 2023
Powell Michael K
Trustee Chair
$8,966
$0 from org$8,966 from relatedNo other comp
－95.0%vs 2023
Remy Donald M
Trustee
$6,987
$0 from org$6,987 from relatedNo other comp
－58.7%vs 2023
Steer M.D. Randolph C
Trustee
$2,113
$0 from org$2,113 from relatedNo other comp
＋1.4%vs 2023
Baicker Katherine
Trustee
$1,465
$0 from org$1,465 from relatedNo other comp
Bilicic George W
Trustee
No compensation reported
Davis Richard K
Trustee
No compensation reported
Schmidt Eric E
Trustee
No compensation reported
－100%vs 2023
Gerberding M.D. Julie L
Trustee
No compensation reported
－100%vs 2023
Rothblatt A Martine
Trustee
No compensation reported

Mission Statement

TO INSPIRE HOPE AND CONTRIBUTE TO HEALTH AND WELL-BEING BY PROVIDING THE BEST CARE TO EVERY PATIENT THROUGH INTEGRATED CLINICAL PRACTICE, EDUCATION AND RESEARCH.

Revisions to this organization profile

November 17, 2025:
2024 Mayo Clinic 990 filed
November 15, 2024:
2023 Mayo Clinic 990 filed
November 14, 2023:
2022 Mayo Clinic 990 filed

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