Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Minnesota · Ranked 878 of 1033 by CEO pay.

Madison Healthcare Services

Erik Bjerke, CEO. Fiscal year ending 2025-09.

$278,018
CEO total compensation
Form 990 Part VII, columns D+E+F
0.07%
of expenses spent on charity care
Schedule H Part I line 7a
1882.1%
CEO pay as a share of all charity care
In the most recent filing year, Erik Bjerke’s reported compensation was $278,018. The system’s charity care for the same year was $14,772. One person’s reported compensation was 18.8 times what the system gave to every patient who could not pay.

§1The filing

Total revenue
$21,771,991
Total expenses
$22,353,399
Net assets
$31,965,734
Employees
213
Hospitals covered
1 facilities across 1 filing
Charity care, net
$14,772
Bad debt
$235,849
Medicare surplus (shortfall), as filed
($1,082,082)
CEO pay from the organization (Part VII col. D)
$226,204
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$51,814
CEO total compensation (D+E+F)
$278,018 to Erik Bjerke

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, Madison Healthcare Services, EIN 41-0706115, fiscal year ending 2025-09, 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)$1.2M Of which charity care to patients who could not pay (line 7a)$14,772 (1%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($235,849) 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 Healthcare Services: CEO pay $278,018, charity care 0.07% of expenses