North Carolina · Ranked 180 of 1033 by CEO pay.

Gaston Memorial Hospital

K Christopher Peek, CEO. Fiscal year ending 2024-06.

$2.1M

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

1.08%

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

27.3%

CEO pay as a share of all charity care

K Christopher Peek’s pay of $2,074,421 equals 27.3 percent of the $7,595,687 the system spent on charity care in the same year.

§1The filing

Total revenue: $790,891,234
Total expenses: $700,788,807
Net assets: $452,613,809
Employees: 4,461
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $7,595,687
Bad debt: $57,385,079
Medicare surplus (shortfall), as filed: ($14,035,862)
CEO pay from the organization (Part VII col. D): $1,764,966
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $309,455
CEO total compensation (D+E+F): $2,074,421 to K Christopher Peek

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, Gaston Memorial Hospital, EIN 56-0619359, fiscal year ending 2024-06, 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)$32.8M Of which charity care to patients who could not pay (line 7a)$7.6M (23%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($57.4M) 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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Gaston Memorial Hospital: CEO pay $2.1M, charity care 1.08% of expenses

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Gaston Memorial Hospital reported $2,074,421 in compensation for chief executive K Christopher Peek in the fiscal year ending 2024-06. It spent 1.08% of expenses on charity care, $7,595,687. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/gaston-memorial-hospital-inc-56-0619359.html