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Beloit Health System

Timothy M McKevett, Non Voting Board Member & System President & CEO. Fiscal year ending 2025-12.

$1.5M

CEO total compensation
Form 990 Part VII, columns D+E+F

1.74%

of expenses spent on charity care
Schedule H Part I line 7a

28.3%

CEO pay as a share of all charity care

Timothy M McKevett’s pay of $1,512,691 equals 28.3 percent of the $5,351,588 the system spent on charity care in the same year.

§1The filing

Total revenue: $314,003,440
Total expenses: $306,986,160
Net assets: $196,807,202
Employees: 1,886
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $5,351,588
Bad debt: $4,441,791
Medicare surplus (shortfall), as filed: ($12,636,629)
CEO pay from the organization (Part VII col. D): $1,329,221
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $183,470
CEO total compensation (D+E+F): $1,512,691 to Timothy M McKevett

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, Beloit Health System, EIN 39-1028081, fiscal year ending 2025-12, 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)$27.2M Of which charity care to patients who could not pay (line 7a)$5.4M (20%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($4.4M) 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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Beloit Health System: CEO pay $1.5M, charity care 1.74% of expenses

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Beloit Health System reported $1,512,691 in compensation for chief executive Timothy M McKevett in the fiscal year ending 2025-12. It spent 1.74% of expenses on charity care, $5,351,588. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/beloit-health-system-inc-39-1028081.html