Nicholas Marsico, President & CEO. Fiscal year ending 2024-12.
$299,177
CEO total compensation Form 990 Part VII, columns D+E+F
0.13%
of expenses spent on charity care Schedule H Part I line 7a
334.4%
CEO pay as a share of all charity care
In the most recent filing year, Nicholas Marsico’s reported compensation was $299,177. The system’s charity care for the same year was $89,460. One person’s reported compensation was 3.3 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$68,284,956
Total expenses
$69,079,021
Net assets
$44,417,784
Employees
517
Hospitals covered
1 facilities across 1 filing
Charity care, net
$89,460
Bad debt
$1,725,699
Medicare surplus (shortfall), as filed
($215,663)
CEO pay from the organization (Part VII col. D)
$270,805
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$28,372
CEO total compensation (D+E+F)
$299,177 to Nicholas Marsico
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)$589,653Of which charity care to patients who could not pay (line 7a)$89,460 (15%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($1.7M) 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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H B Magruder Memorial Hospital reported $299,177 in compensation for chief executive Nicholas Marsico in the fiscal year ending 2024-12. It spent 0.13% of expenses on charity care, $89,460. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/h-b-magruder-memorial-hospital-34-4441792.html
