Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Rhode Island · Ranked 164 of 1033 by CEO pay.

Kent County Memorial Hospital

Michael E Wagner MD, Director - President/CEO/Cne. Fiscal year ending 2025-09.

$2.2M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.62%
of expenses spent on charity care
Schedule H Part I line 7a
22.4%
CEO pay as a share of all charity care
Michael E Wagner MD’s pay of $2,192,482 equals 22.4 percent of the $9,804,430 the system spent on charity care in the same year.

Most of the reported compensation ($2,019,519 of $2,192,482) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$1,560,971,177
Total expenses
$1,575,982,343
Net assets
$460,198,519
Employees
7,706
Hospitals covered
3 facilities across 3 filings
Charity care, net
$9,804,430
Bad debt
$47,055,743
Medicare surplus (shortfall), as filed
($20,874,591)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$2,019,519
Other compensation, including deferred pay and nontaxable benefits (col. F)
$172,963
CEO total compensation (D+E+F)
$2,192,482 to Michael E Wagner MD

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, Kent County Memorial Hospital, EIN 05-0258896, fiscal year ending 2025-09, 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)$144.1M Of which charity care to patients who could not pay (line 7a)$9.8M (7%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($47.1M) 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
Kent County Memorial Hospital05-02588962025-09$755.8M$7.2M0.93%990
Women & Infants Hospital of Ri05-02589372025-09$620.4M$100,8830.02%990
Butler Hospital05-02588122025-09$184.8M$2.5M1.15%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.

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Kent County Memorial Hospital: CEO pay $2.2M, charity care 0.62% of expenses