CEO total compensation Form 990 Part VII, columns D+E+F
0.30%
of expenses spent on charity care Schedule H Part I line 7a
225.7%
CEO pay as a share of all charity care
In the most recent filing year, Holly McCormack’s reported compensation was $297,801. The system’s charity care for the same year was $131,947. One person’s reported compensation was 2.3 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$45,711,833
Total expenses
$44,034,202
Net assets
$19,189,357
Employees
380
Hospitals covered
1 facilities across 1 filing
Charity care, net
$131,947
Bad debt
$0
Medicare surplus (shortfall), as filed
($372,073)
CEO pay from the organization (Part VII col. D)
$253,823
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$43,978
CEO total compensation (D+E+F)
$297,801 to Holly McCormack
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.
What the system reported as total community benefit (Schedule H line 7k)$2.8MOf which charity care to patients who could not pay (line 7a)$131,947 (5%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($0) 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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Cottage Hospital reported $297,801 in compensation for chief executive Holly McCormack in the fiscal year ending 2025-09. It spent 0.30% of expenses on charity care, $131,947. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/cottage-hospital-02-0223321.html
