Michael D Swick, President/CEO. Fiscal year ending 2024-12.
$921,592
CEO total compensation Form 990 Part VII, columns D+E+F
0.32%
of expenses spent on charity care Schedule H Part I line 7a
100.9%
CEO pay as a share of all charity care
In the most recent filing year, Michael D Swick’s reported compensation was $921,592. The system’s charity care for the same year was $913,757. One person’s reported compensation was 1.0 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$317,901,718
Total expenses
$287,966,352
Net assets
$485,977,476
Employees
1,931
Hospitals covered
1 facilities across 1 filing
Charity care, net
$913,757
Bad debt
$24,170,767
Medicare surplus (shortfall), as filed
($5,004,934)
CEO pay from the organization (Part VII col. D)
$811,265
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$110,327
CEO total compensation (D+E+F)
$921,592 to Michael D Swick
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)$44.2MOf which charity care to patients who could not pay (line 7a)$913,757 (2%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($24.2M) 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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Lima Memorial Joint Operating Company reported $921,592 in compensation for chief executive Michael D Swick in the fiscal year ending 2024-12. It spent 0.32% of expenses on charity care, $913,757. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/lima-memorial-joint-operating-company-34-1883284.html
