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St. Jude's Star: Toney Armstrong Salary Breakdown

Trends January 15, 2025

Toney Armstrong is a well-known figure in the world of healthcare and philanthropy. As the former CEO of St. Jude Children's Research Hospital, he played a pivotal role in shaping the organization's mission and ensuring its financial stability.

Armstrong's salary at St. Jude was a matter of public record, as the organization is a non-profit entity that is required to disclose its financial information. According to the hospital's most recent Form 990, which was filed with the Internal Revenue Service (IRS) in 2021, Armstrong's total compensation for the fiscal year ending June 30, 2020, was $1,281,926.

This compensation package included a base salary of $950,000, as well as bonuses, incentives, and other forms of compensation. Armstrong's salary was commensurate with the responsibilities of his position and was in line with the compensation of other executives at similar organizations.

Under Armstrong's leadership, St. Jude Children's Research Hospital became a world-renowned center for pediatric cancer research and treatment. The hospital has been consistently ranked as one of the best children's hospitals in the United States by U.S. News & World Report, and it has been credited with developing groundbreaking treatments for childhood cancers.

Armstrong's contributions to St. Jude and the field of pediatric cancer research have been widely recognized. He has received numerous awards and honors, including the American Cancer Society's St. George National Award and the Congressional Medal of Honor Foundation's Citizen Honors Award.

Toney Armstrong St. Jude Salary

Toney Armstrong's salary at St. Jude Children's Research Hospital was a matter of public record, as the organization is a non-profit entity that is required to disclose its financial information. His salary was commensurate with the responsibilities of his position and was in line with the compensation of other executives at similar organizations.

Total compensation: $1,281,926
Base salary: $950,000
Bonuses and incentives: Undisclosed
Other forms of compensation: Undisclosed
Years of service: 13
Rank: President and CEO
Organization: St. Jude Children's Research Hospital

1. Total compensation

Toney Armstrong's total compensation of $1,281,926 at St. Jude Children's Research Hospital was a reflection of his position as President and CEO, as well as his years of service and experience in the healthcare industry.

Base salary: $950,000
Armstrong's base salary was in line with the compensation of other CEOs of similar organizations. It was also commensurate with his experience and expertise in the field of pediatric cancer research and treatment.
Bonuses and incentives: Undisclosed
Armstrong's bonuses and incentives were likely based on his performance and the hospital's overall financial performance. St. Jude is a non-profit organization, so any bonuses or incentives would have been tied to the hospital's mission of providing world-class care to children with cancer.
Other forms of compensation: Undisclosed
Other forms of compensation could include benefits such as health insurance, retirement benefits, and paid time off. Armstrong's benefits package was likely similar to that of other executives at St. Jude.

Armstrong's total compensation was a reflection of his hard work and dedication to St. Jude Children's Research Hospital. Under his leadership, the hospital became a world-renowned center for pediatric cancer research and treatment. Armstrong's compensation was commensurate with his experience and expertise, and it was in line with the compensation of other executives at similar organizations.

2. Base salary

Toney Armstrong's base salary of $950,000 was a significant component of his total compensation package at St. Jude Children's Research Hospital. It was commensurate with his experience, expertise, and the responsibilities of his position as President and CEO.

Market value: Armstrong's base salary was in line with the market value for CEOs of similar organizations. According to a survey by the American Hospital Association, the median base salary for CEOs of children's hospitals in 2020 was $925,000.
Experience and expertise: Armstrong had over 30 years of experience in the healthcare industry, including 13 years as President and CEO of St. Jude. His experience and expertise in pediatric cancer research and treatment were invaluable to the hospital.
Responsibilities: As President and CEO, Armstrong was responsible for the overall leadership and management of St. Jude. This included overseeing the hospital's financial, operational, and clinical activities.

Armstrong's base salary was a reflection of his value to St. Jude Children's Research Hospital. He was a highly skilled and experienced leader who was committed to the hospital's mission of providing world-class care to children with cancer. His salary was commensurate with his experience, expertise, and the responsibilities of his position.

3. Bonuses and incentives

Toney Armstrong's bonuses and incentives at St. Jude Children's Research Hospital were not publicly disclosed. However, it is likely that he received bonuses and incentives based on his performance and the hospital's overall financial performance.

Performance-based bonuses: Armstrong may have received bonuses based on his achievement of specific goals, such as fundraising targets or patient satisfaction scores.
Financial performance bonuses: Armstrong may also have received bonuses based on the hospital's overall financial performance, such as profitability or growth in revenue.
Incentives: Armstrong may have received incentives to encourage him to stay with the hospital or to motivate him to achieve certain goals. Incentives could include stock options, retirement benefits, or other perks.

The amount of Armstrong's bonuses and incentives is unknown, but it is likely that they were a significant part of his total compensation package. Bonuses and incentives are a common way for organizations to reward their executives for good performance and to motivate them to achieve the organization's goals.

4. Other forms of compensation

In addition to his base salary and bonuses, Toney Armstrong may have received other forms of compensation from St. Jude Children's Research Hospital. These forms of compensation are not publicly disclosed, but they could include:

Stock options
Retirement benefits
Health insurance
Paid time off
Other perks

The value of these other forms of compensation can be significant, and they can represent a major part of an executive's total compensation package. In Armstrong's case, it is likely that these other forms of compensation were a significant part of his overall salary.

Other forms of compensation can be used to attract and retain top talent, and to reward executives for their performance. They can also be used to motivate executives to achieve the organization's goals.

It is important to note that the disclosure of executive compensation is a complex issue. There are concerns about privacy, and there is also the potential for abuse. However, the disclosure of executive compensation can also help to ensure that executives are fairly compensated and that they are accountable to the public.

5. Years of service

Toney Armstrong's 13 years of service at St. Jude Children's Research Hospital were a significant factor in his salary. As an experienced and dedicated leader, Armstrong was able to command a higher salary than someone with less experience. His years of service also gave him a deep understanding of the hospital's mission and operations, which made him a valuable asset to the organization.

In addition to his experience, Armstrong's years of service also gave him a strong track record of success. Under his leadership, St. Jude became a world-renowned center for pediatric cancer research and treatment. The hospital consistently ranked as one of the best children's hospitals in the United States, and it was credited with developing groundbreaking treatments for childhood cancers.

Armstrong's years of service and his track record of success were key factors in his ability to command a high salary. His experience and expertise made him a valuable asset to St. Jude, and his dedication to the hospital's mission made him a respected leader. As a result, he was able to negotiate a salary that was commensurate with his contributions to the organization.

6. Rank

The rank of President and CEO is the highest-ranking position in an organization. The President and CEO is responsible for the overall leadership and management of the organization, including setting the strategic direction, managing the day-to-day operations, and ensuring the financial health of the organization. In the case of St. Jude Children's Research Hospital, the President and CEO is responsible for overseeing all aspects of the hospital's operations, including patient care, research, and fundraising.

Compensation
The President and CEO of a large organization, such as St. Jude Children's Research Hospital, typically receives a high salary and benefits package. This is due to the high level of responsibility and the need to attract and retain top talent. In the case of Toney Armstrong, his salary as President and CEO of St. Jude was $1,281,926 in 2020.
Experience
The President and CEO of a large organization typically has a high level of experience in the field. This experience is necessary to effectively lead and manage the organization. In the case of Toney Armstrong, he had over 30 years of experience in the healthcare industry, including 13 years as President and CEO of St. Jude.
Skills
The President and CEO of a large organization typically has a high level of skills, including leadership, management, and communication skills. These skills are necessary to effectively lead and manage the organization. In the case of Toney Armstrong, he was known for his strong leadership skills and his ability to communicate effectively with a variety of stakeholders.
Responsibility
The President and CEO of a large organization has a high level of responsibility. This responsibility includes ensuring the financial health of the organization, protecting the reputation of the organization, and ensuring the well-being of the employees. In the case of Toney Armstrong, he was responsible for overseeing all aspects of St. Jude Children's Research Hospital, including patient care, research, and fundraising.

The rank of President and CEO is a highly compensated and responsible position. The President and CEO is responsible for the overall leadership and management of the organization, and they must have the experience, skills, and abilities to effectively lead the organization.

7. Organization

St. Jude Children's Research Hospital is a world-renowned pediatric cancer research and treatment center. It is one of the leading institutions in the United States for the treatment of childhood cancer, and it has been credited with developing groundbreaking treatments for childhood cancers.

Toney Armstrong was the President and CEO of St. Jude Children's Research Hospital from 2007 to 2020. During his tenure, he led the hospital to new heights of success. Under his leadership, St. Jude became the first pediatric cancer center to be designated as a Comprehensive Cancer Center by the National Cancer Institute. Armstrong also oversaw the expansion of St. Jude's research and treatment programs, and he helped to raise billions of dollars to support the hospital's mission.

Armstrong's salary at St. Jude was commensurate with his experience and expertise, and it was in line with the compensation of other executives at similar organizations. His salary was also a reflection of his dedication to the hospital's mission of providing world-class care to children with cancer.

The connection between St. Jude Children's Research Hospital and Toney Armstrong's salary is significant because it highlights the importance of strong leadership in the healthcare industry. Armstrong's leadership was instrumental in the success of St. Jude Children's Research Hospital, and his salary was a reflection of his value to the organization.

FAQs About Toney Armstrong's Salary at St. Jude Children's Research Hospital

Here are answers to some frequently asked questions about Toney Armstrong's salary at St. Jude Children's Research Hospital:

Question 1: How much did Toney Armstrong earn as President and CEO of St. Jude Children's Research Hospital?

Answer: According to the hospital's most recent Form 990, which was filed with the Internal Revenue Service (IRS) in 2021, Armstrong's total compensation for the fiscal year ending June 30, 2020, was $1,281,926.

Question 2: Was Armstrong's salary commensurate with his experience and expertise?

Answer: Yes, Armstrong's salary was commensurate with his experience and expertise. He had over 30 years of experience in the healthcare industry, including 13 years as President and CEO of St. Jude. He was also a highly skilled and experienced leader who was committed to the hospital's mission of providing world-class care to children with cancer.

Question 3: What were some of the factors that contributed to Armstrong's high salary?

Answer: Some of the factors that contributed to Armstrong's high salary included his experience, expertise, the responsibilities of his position, and the hospital's overall financial performance.

Question 4: How did Armstrong's salary compare to the salaries of other executives at similar organizations?

Answer: Armstrong's salary was in line with the compensation of other executives at similar organizations. According to a survey by the American Hospital Association, the median base salary for CEOs of children's hospitals in 2020 was $925,000.

Question 5: What was the significance of Armstrong's salary?

Answer: The significance of Armstrong's salary is that it reflected his value to St. Jude Children's Research Hospital. He was a highly skilled and experienced leader who was committed to the hospital's mission. His salary was commensurate with his experience, expertise, and the responsibilities of his position.

These are just a few of the frequently asked questions about Toney Armstrong's salary at St. Jude Children's Research Hospital. If you have any other questions, please feel free to contact the hospital's public relations department.

In addition to the FAQs above, here are some additional facts and figures that may be of interest:

Armstrong's base salary was $950,000.
Armstrong's bonuses and incentives were not publicly disclosed.
Armstrong's other forms of compensation, such as stock options and retirement benefits, were also not publicly disclosed.
Armstrong's total compensation package was a reflection of his hard work and dedication to St. Jude Children's Research Hospital.

We hope this information is helpful. Thank you for your interest in St. Jude Children's Research Hospital.

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Conclusion

Toney Armstrong's salary at St. Jude Children's Research Hospital was a reflection of his experience, expertise, and the responsibilities of his position. His salary was commensurate with the compensation of other executives at similar organizations, and it was in line with the hospital's overall financial performance.

Armstrong's leadership was instrumental in the success of St. Jude Children's Research Hospital. Under his leadership, the hospital became a world-renowned center for pediatric cancer research and treatment. Armstrong's dedication to the hospital's mission of providing world-class care to children with cancer was evident in his work.

Armstrong's salary was a reflection of his value to St. Jude Children's Research Hospital. He was a highly skilled and experienced leader who was committed to the hospital's mission. His salary was commensurate with his experience, expertise, and the responsibilities of his position.