Losses mount as compensation soars at Los Angeles County Fair Assn.
Red ink continues to flow at the nonprofit that runs the L.A. County fairgrounds, which has posted five straight years of losses. During that time, compensation has climbed for the nonprofit's highest-paid executives.
Read more: Salaries higher for Los Angeles County Fair Assn. executives as financial losses mount
Bottom line worsens at L.A. County Fair Assn.
Since 2009, gains have turned to losses.
Salary and bonuses shoot up for top executives
Total annual compensation
Bonus and incentive compensationJames Henwood Jr., president and CEO
90% increase in total compensation since 2009
500% increase in bonus and incentive compensation
Michael Seder, VP finance and chief financial officer
75% increase in total compensation
519% increase in bonus and incentive compensation
Dwight Richards, VP operations
73% increase in total compensation
558% increase in bonus and incentive compensation
Dale Coleman, VP sales, marketing and programs
74% increase in total compensation
349% increase in bonus and incentive compensation
Jeff Tucci, VP hospitality*
70% increase in total compensation
317% increase in bonus and incentive compensation
Note: *Increase from ’09 to ’13; Tucci was not listed as a highly compensated employee by the Fair Assn. in 2014. The fifth highest-paid person that year was Michelle DeMott, vice president of branding and product knowledge, whose total compensation was $312,634. DeMott’s bonus that year was $113,305. Figures for 2015 are not yet available.
Source: Federal tax records filed by Los Angeles County Fair Assn.
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