Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Virginia · Ranked 135 of 1033 by CEO pay.

Mary Washington Healthcare

Michael P Mcdermott MD MBA, President And CEO. Fiscal year ending 2024-12.

$2.5M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.66%
of expenses spent on charity care
Schedule H Part I line 7a
37.0%
CEO pay as a share of all charity care
Michael P Mcdermott MD MBA’s pay of $2,477,935 equals 37.0 percent of the $6,689,611 the system spent on charity care in the same year.

Most of the reported compensation ($2,433,987 of $2,477,935) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$1,070,313,284
Total expenses
$1,020,304,460
Net assets
$344,134,304
Employees
5,133
Hospitals covered
2 facilities across 1 filing
Charity care, net
$6,689,611
Bad debt
$15,870,556
Medicare surplus (shortfall), as filed
($77,197,617)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$2,433,987
Other compensation, including deferred pay and nontaxable benefits (col. F)
$43,948
CEO total compensation (D+E+F)
$2,477,935 to Michael P Mcdermott MD MBA

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, Mary Washington Healthcare, EIN 20-1106426, 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)$85.1M Of which charity care to patients who could not pay (line 7a)$6.7M (8%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($15.9M) 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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Mary Washington Healthcare: CEO pay $2.5M, charity care 0.66% of expenses