California · Ranked 126 of 1033 by CEO pay.

Community Hospital of the Monterey Peninsula

Steven Packer MD, President & CEO. Fiscal year ending 2024-12.

$2.6M

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

0.58%

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

50.9%

CEO pay as a share of all charity care

Steven Packer MD’s pay of $2,566,012 equals 50.9 percent of the $5,043,700 the system spent on charity care in the same year.

§1The filing

Total revenue: $919,640,712
Total expenses: $875,954,987
Net assets: $312,461,230
Employees: 3,244
Hospitals covered: 2 facilities across 1 filing
Charity care, net: $5,043,700
Bad debt: $3,564,393
Medicare surplus (shortfall), as filed: ($127,439,547)
CEO pay from the organization (Part VII col. D): $1,932,079
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $633,933
CEO total compensation (D+E+F): $2,566,012 to Steven Packer 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, Community Hospital of the Monterey Peninsula, EIN 94-0760193, 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)$200.7M Of which charity care to patients who could not pay (line 7a)$5.0M (3%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($3.6M) 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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Community Hospital of the Monterey Peninsula: CEO pay $2.6M, charity care 0.58% of expenses

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Community Hospital of the Monterey Peninsula reported $2,566,012 in compensation for chief executive Steven Packer MD in the fiscal year ending 2024-12. It spent 0.58% of expenses on charity care, $5,043,700. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/community-hospital-of-the-monterey-peninsula-94-0760193.html