Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Louisiana · Ranked 80 of 1033 by CEO pay.

Louisiana Children's Medical Center

Gregory C Feirn, President And CEO. Fiscal year ending 2024-12.

$3.7M
CEO total compensation
Form 990 Part VII, columns D+E+F
2.08%
of expenses spent on charity care
Schedule H Part I line 7a
10.5%
CEO pay as a share of all charity care

Also listed with a chief executive title in the same filings: Gregory Nielsen, CEO -Ejgh, $1,014,524. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$1,635,655,698
Total expenses
$1,706,822,808
Net assets
$1,766,144,392
Employees
17,964
Hospitals covered
2 facilities across 1 filing
Charity care, net
$35,557,760
Bad debt
$21,695,197
Medicare surplus (shortfall), as filed
($78,982,680)
CEO pay from the organization (Part VII col. D)
$2,780,273
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$954,935
CEO total compensation (D+E+F)
$3,735,208 to Gregory C Feirn

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, Louisiana Children's Medical Center, EIN 94-3480131, 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)$74.2M Of which charity care to patients who could not pay (line 7a)$35.6M (48%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($21.7M) 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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Louisiana Children's Medical Center: CEO pay $3.7M, charity care 2.08% of expenses