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 546 of 1033 by CEO pay.

Lee Health System

Lawrence Antonucci, President/CEO And Director (Ex-Officio). Fiscal year ending 2025-09.

$709,634
CEO total compensation
Form 990 Part VII, columns D+E+F
5.37%
of expenses spent on charity care
Schedule H Part I line 7a
0.4%
CEO pay as a share of all charity care

§1The filing

Total revenue
$3,504,937,217
Total expenses
$3,037,066,983
Net assets
$3,311,529,665
Employees
17,835
Hospitals covered
5 facilities across 1 filing
Charity care, net
$163,228,236
Bad debt
$314,979,462
Medicare surplus (shortfall), as filed
($701,481,795)
CEO pay from the organization (Part VII col. D)
$696,370
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$13,264
CEO total compensation (D+E+F)
$709,634 to Lawrence Antonucci

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, Lee Health System, EIN 99-2646504, 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)$263.6M Of which charity care to patients who could not pay (line 7a)$163.2M (62%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($315.0M) 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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Lee Health System: CEO pay $709,634, charity care 5.37% of expenses