Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Pennsylvania · New York · Ranked 15 of 1033 by CEO pay.

Highmark Health

David Holmberg, CEO, President, & Director. Fiscal year ending 2024-12.

$9.7M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.73%
of expenses spent on charity care
Schedule H Part I line 7a
22.5%
CEO pay as a share of all charity care
David Holmberg’s pay of $9,716,380 equals 22.5 percent of the $43,106,066 the system spent on charity care in the same year.

Also listed with a chief executive title in the same filings: Cynthia Hundorfean, Former Chief Living Health Dev. Officer, Pres. & CEO, $2,701,434; David Bartlett MD, President & CEO, $1,767,717. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$6,059,666,088
Total expenses
$5,884,153,492
Net assets
$2,200,439,401
Employees
28,246
Hospitals covered
11 facilities across 1 filing
Charity care, net
$43,106,066
Bad debt
$43,871,761
Medicare surplus (shortfall), as filed
($70,886,034)
CEO pay from the organization (Part VII col. D)
$9,657,156
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$59,224
CEO total compensation (D+E+F)
$9,716,380 to David Holmberg

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, Highmark Health, EIN 82-1406555, 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)$430.1M Of which charity care to patients who could not pay (line 7a)$43.1M (10%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($43.9M) 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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Highmark Health: CEO pay $9.7M, charity care 0.73% of expenses