Teresa Mallett, CFO/CEO From 12/2024. Fiscal year ending 2025-06.
$232,761
CEO total compensation Form 990 Part VII, columns D+E+F
0.33%
of expenses spent on charity care Schedule H Part I line 7a
189.2%
CEO pay as a share of all charity care
In the most recent filing year, Teresa Mallett’s reported compensation was $232,761. The system’s charity care for the same year was $123,000. One person’s reported compensation was 1.9 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$37,993,568
Total expenses
$36,982,710
Net assets
$32,872,847
Employees
329
Hospitals covered
1 facilities across 1 filing
Charity care, net
$123,000
Bad debt
$2,970,953
Medicare surplus (shortfall), as filed
($75,963)
CEO pay from the organization (Part VII col. D)
$197,311
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$35,450
CEO total compensation (D+E+F)
$232,761 to Teresa Mallett
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)$713,259Of which charity care to patients who could not pay (line 7a)$123,000 (17%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($3.0M) 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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Madison Community Hospital reported $232,761 in compensation for chief executive Teresa Mallett in the fiscal year ending 2025-06. It spent 0.33% of expenses on charity care, $123,000. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/madison-community-hospital-46-0228038.html
