Official Seal, Everything Is Broken (2026)

Everything Is Broken

Report No. 1 · Nonprofit Hospital Executive Pay vs Charity Care · Annual Report, 2026 edition

Florida · Ranked 193 of 1033 by CEO pay.

Florida Hospital Waterman

Gregory PhD Audrey, Dir/Chairman/Reg. CEO. Fiscal year ending 2024-12.

$2.0M
CEO total compensation
Form 990 Part VII, columns D+E+F
4.90%
of expenses spent on charity care
Schedule H Part I line 7a
3.9%
CEO pay as a share of all charity care

Most of the reported compensation ($1,701,959 of $1,955,595) came from a related organization (Part VII column E) and was reported on this filing.

Also listed with a chief executive title in the same filings: Ottati David, Former Reg. CEO, $3,002,459. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$1,219,940,320
Total expenses
$1,017,305,849
Net assets
$1,110,056,967
Employees
5,684
Hospitals covered
4 facilities across 4 filings
Charity care, net
$49,865,796
Bad debt
$51,624,172
Medicare surplus (shortfall), as filed
$4,144,774
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$1,701,959
Other compensation, including deferred pay and nontaxable benefits (col. F)
$253,636
CEO total compensation (D+E+F)
$1,955,595 to Gregory PhD Audrey

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, Florida Hospital Waterman, EIN 59-3140669, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title multiple.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$98.7M Of which charity care to patients who could not pay (line 7a)$49.9M (51%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($51.6M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

§3Filings in this system

Filing entityEINFY endRevenueCharity care% of expensesFiling
Florida Hospital Waterman Inc59-31406692024-12$476.2M$17.3M4.29%990
Southwest Volusia Healthcare Corporation59-31492932024-12$331.7M$13.3M4.91%990
Memorial Hospital - West Volusia Inc59-32568032024-12$285.8M$12.8M5.92%990
Adventhealth Palm Coast Parkway Inc88-22885632024-12$126.3M$6.4M5.08%990

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.

§Share

Florida Hospital Waterman: CEO pay $2.0M, charity care 4.90% of expenses