Official Seal, Everything Is Broken (2026)

Everything Is Broken

Report No. 1 · Nonprofit Hospital Executive Pay vs Charity Care · Annual Report, 2026 edition

Florida · Ranked 223 of 1033 by CEO pay.

Baptist Hospital of Miami

William G Ulbricht, CEO. Fiscal year ending 2025-09.

$1.7M
CEO total compensation
Form 990 Part VII, columns D+E+F
3.22%
of expenses spent on charity care
Schedule H Part I line 7a
2.3%
CEO pay as a share of all charity care

Most of the reported compensation ($1,511,138 of $1,742,722) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$2,965,127,822
Total expenses
$2,371,862,518
Net assets
$642,053,380
Employees
7,025
Hospitals covered
1 facilities across 1 filing
Charity care, net
$76,380,457
Bad debt
$17,174,638
Medicare surplus (shortfall), as filed
($118,418,606)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$1,511,138
Other compensation, including deferred pay and nontaxable benefits (col. F)
$231,584
CEO total compensation (D+E+F)
$1,742,722 to William G Ulbricht

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Baptist Hospital of Miami, EIN 59-0910342, fiscal year ending 2025-09, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$139.2M Of which charity care to patients who could not pay (line 7a)$76.4M (55%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($17.2M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Baptist Hospital of Miami: CEO pay $1.7M, charity care 3.22% of expenses