Business Services Industry
Reporter's Notebook.(non-profit organizations)
Crain's Detroit Business, March, 2005 by Begin, Sherri
Byline: Sherri Begin You may be surprised at some of the organizations that have earned nonprofit status. Many look, operate and compensate their executives like for-profit companies. NSF International Inc. and Altarum Institute, both of which were formerly housed in the University of Michigan, compete head-to-head with for-profit testing labs and defense consulting organizations, respectively, for not only business but also top talent.
In 2003, Ann Arbor-based NSF paid its former CEO Dennis Mangino $753,531 to oversee the organization's budget of more than $70 million and sites in more than 90 countries. The organization tests food, water and helps to draw up safety standards. NSF and its neighbor, Altarum, earn more than 95 percent of their annual...
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