Blackmun resigned in February amid criticisms of the USOC's handling of the Larry Nassar caseGETTY IMAGES
Former USOC CEO Scott Blackmun’s compensation rose 26% to $1.36M in '17, his last full year as CEO, according to tax documents released Friday. Blackmun earned just about $1M for most of his eight-year tenure with the organization, and his base salary grew by about 4% in '17. However, he received a $611,000 bonus that year, up 67% over his incentive compensation in '16. Blackmun resigned in February, citing health problems, amid criticisms that the USOC did not do enough to stop convicted sex abuser Larry Nassar. Other top earners for the USOC in '17 include Chief of Sports Performance Alan Ashley, who made $757,000, which included a $345,000 bonus; and now-departed CMO Lisa Baird, who made $610,000, including a $315,000 bonus. Overall in '17, the USOC posted a $30.9M loss on $183.7M in revenue. The organization typically loses money in odd-numbered years because media rights revenue only comes during Olympic years. In '13, the last directly comparable year in the Olympic cycle, the USOC lost $27.5M on $168M in revenue. Including the U.S. Olympic and Paralympic Foundation and the U.S. Olympic Endowment, two wholly owned subsidiaries, the USOC reported $3.9M in net gains on $213M in revenue. Those fundraising organizations are consolidated into the core figures in an audited financial statement, also released Friday. Including those groups, the USOC’s total assets declined in '17 by $21.4M to $438M, but that included a loss of $25.3M that was created by a change in bookkeeping procedures. Until this year, the philanthropic arm counted all future pledges from donors; starting in '17, it only counted contributions actually in hand.
