Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

New York · Ranked 210 of 1033 by CEO pay.

Maimonides Medical Center

Kenneth Gibbs, President & CEO. Fiscal year ending 2024-12.

$1.8M
CEO total compensation
Form 990 Part VII, columns D+E+F
3.10%
of expenses spent on charity care
Schedule H Part I line 7a
2.9%
CEO pay as a share of all charity care

§1The filing

Total revenue
$1,955,790,055
Total expenses
$2,022,703,612
Net assets
$288,598,467
Employees
9,102
Hospitals covered
2 facilities across 2 filings
Charity care, net
$62,802,030
Bad debt
$22,068,477
Medicare surplus (shortfall), as filed
($57,431,330)
CEO pay from the organization (Part VII col. D)
$1,757,557
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$57,569
CEO total compensation (D+E+F)
$1,815,126 to Kenneth Gibbs

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, Maimonides Medical Center, EIN 11-1635081, fiscal year ending 2024-12, 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)$264.2M Of which charity care to patients who could not pay (line 7a)$62.8M (24%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($22.1M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

§3Filings in this system

Filing entityEINFY endRevenueCharity care% of expensesFiling
Maimonides Medical Center11-16350812024-12$1.8B$58.5M3.15%990
The New York Community Hospital of Brooklyn Inc11-19863512024-12$148.2M$4.3M2.59%990

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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Maimonides Medical Center: CEO pay $1.8M, charity care 3.10% of expenses