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Chenango Memorial Hospital

Drake Lamen MD, Board Member/ President/CEO/CMO. Fiscal year ending 2024-12.

$461,209

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

1.05%

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

43.5%

CEO pay as a share of all charity care

Drake Lamen MD’s pay of $461,209 equals 43.5 percent of the $1,061,000 the system spent on charity care in the same year.

§1The filing

Total revenue: $111,514,379
Total expenses: $100,761,685
Net assets: $74,823,397
Employees: 550
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $1,061,000
Bad debt: $3,977,815
Medicare surplus (shortfall), as filed: ($2,093,223)
CEO pay from the organization (Part VII col. D): $415,119
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $46,090
CEO total compensation (D+E+F): $461,209 to Drake Lamen MD

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, Chenango Memorial Hospital, EIN 15-0532180, fiscal year ending 2024-12, 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)$5.8M Of which charity care to patients who could not pay (line 7a)$1.1M (18%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($4.0M) 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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Chenango Memorial Hospital: CEO pay $461,209, charity care 1.05% of expenses

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Chenango Memorial Hospital reported $461,209 in compensation for chief executive Drake Lamen MD in the fiscal year ending 2024-12. It spent 1.05% of expenses on charity care, $1,061,000. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/chenango-memorial-hospital-inc-15-0532180.html