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Crete Area Medical Center

Stephanie Boldt, Ex-Officio Member/CEO Crete Area Medical Center. Fiscal year ending 2024-12.

$378,144

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

3.11%

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

39.1%

CEO pay as a share of all charity care

Stephanie Boldt’s pay of $378,144 equals 39.1 percent of the $968,188 the system spent on charity care in the same year.

§1The filing

Total revenue: $36,990,955
Total expenses: $31,087,720
Net assets: $55,468,096
Employees: 215
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $968,188
Bad debt: $0
Medicare surplus (shortfall), as filed: ($2,334,700)
CEO pay from the organization (Part VII col. D): $299,411
From related organizations (col. E): $28,105
Other compensation, including deferred pay and nontaxable benefits (col. F): $50,628
CEO total compensation (D+E+F): $378,144 to Stephanie Boldt

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, Crete Area Medical Center, EIN 47-0841285, 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)$1.8M Of which charity care to patients who could not pay (line 7a)$968,188 (53%)

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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Crete Area Medical Center: CEO pay $378,144, charity care 3.11% of expenses

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Crete Area Medical Center reported $378,144 in compensation for chief executive Stephanie Boldt in the fiscal year ending 2024-12. It spent 3.11% of expenses on charity care, $968,188. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/crete-area-medical-center-47-0841285.html