http://almanacnews.com/square/print/2014/02/16/sequoia-hcd-ceo-gets-another-big-raise


Town Square

Sequoia HCD CEO gets another big raise

Original post made by Jack Hickey on Feb 16, 2014

Editor, at the February 5, 2014 meeting of the Sequoia Healthcare District Board of Directors, CEO Lee Michelson was given a 5.35% raise to $192,800 per year. The increase was retroactive to his anniversary date of April 27, 2013 which will cost the District another $10,000. Lee has also opted to take advantage of the CalPers health insurance benefits offered to Directors and employees at an added cost of $13,160 per year.

The CEO manages 1 fulltime and 3 part time employees. He oversees distribution of property tax derived assets and revenue of $17,000,000 and $10,000,000 per year, respectively. These funds are dispensed in a manner more suitable to a philanthropic organization. Michelson, a fund raising superstar, is also a member of the Silicon Valley Chapter of the Association of Fundraising Professionals, which awarded the District the outstanding corporate Grant-Maker award in 2011. No surprise that the District was nominated by no less than seven of its grant beneficiaries who received a total of more than $700,000 of funding from the Sequoia Healthcare District that fiscal year.

If the District survives efforts to dissolve it, look for a Tramutola crafted parcel tax election in your future as Lee hones his fundraising skills.

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