Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Iowa · Ranked 896 of 1033 by CEO pay.

Loring Hospital

Matthew D Johnson, Contract CEO. Fiscal year ending 2025-06.

$260,624
CEO total compensation
Form 990 Part VII, columns D+E+F
0.14%
of expenses spent on charity care
Schedule H Part I line 7a
980.1%
CEO pay as a share of all charity care
In the most recent filing year, Matthew D Johnson’s reported compensation was $260,624. The system’s charity care for the same year was $26,591. One person’s reported compensation was 9.8 times what the system gave to every patient who could not pay.

Most of the reported compensation ($260,624 of $260,624) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$25,116,678
Total expenses
$18,886,916
Net assets
$31,680,960
Employees
140
Hospitals covered
1 facilities across 1 filing
Charity care, net
$26,591
Bad debt
$331,799
Medicare surplus (shortfall), as filed
$180,480
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$260,624
Other compensation, including deferred pay and nontaxable benefits (col. F)
$0
CEO total compensation (D+E+F)
$260,624 to Matthew D Johnson

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, Loring Hospital, EIN 42-1418132, fiscal year ending 2025-06, 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)$100,841 Of which charity care to patients who could not pay (line 7a)$26,591 (26%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($331,799) 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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Loring Hospital: CEO pay $260,624, charity care 0.14% of expenses