Korrey Klein MD, President/CEO & Secretary. Fiscal year ending 2024-12.
$443,595
CEO total compensation Form 990 Part VII, columns D+E+F
0.27%
of expenses spent on charity care Schedule H Part I line 7a
191.7%
CEO pay as a share of all charity care
In the most recent filing year, Korrey Klein MD’s reported compensation was $443,595. The system’s charity care for the same year was $231,432. One person’s reported compensation was 1.9 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$87,928,824
Total expenses
$85,534,061
Net assets
$21,276,043
Employees
753
Hospitals covered
1 facilities across 1 filing
Charity care, net
$231,432
Bad debt
$1,358,890
Medicare surplus (shortfall), as filed
($53,558)
CEO pay from the organization (Part VII col. D)
$395,912
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$47,683
CEO total compensation (D+E+F)
$443,595 to Korrey Klein 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.
What the system reported as total community benefit (Schedule H line 7k)$3.8MOf which charity care to patients who could not pay (line 7a)$231,432 (6%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($1.4M) 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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Lower Valley Hospital Association reported $443,595 in compensation for chief executive Korrey Klein MD in the fiscal year ending 2024-12. It spent 0.27% of expenses on charity care, $231,432. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/lower-valley-hospital-association-84-0447998.html
