Robert Peterson, Chief Executive Officer. Fiscal year ending 2024-06.
$370,820
CEO total compensation Form 990 Part VII, columns D+E+F
0.67%
of expenses spent on charity care Schedule H Part I line 7a
159.3%
CEO pay as a share of all charity care
In the most recent filing year, Robert Peterson’s reported compensation was $370,820. The system’s charity care for the same year was $232,776. One person’s reported compensation was 1.6 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$32,190,675
Total expenses
$34,487,854
Net assets
$7,081,620
Employees
251
Hospitals covered
1 facilities across 1 filing
Charity care, net
$232,776
Bad debt
$694,432
Medicare surplus (shortfall), as filed
$7,079
CEO pay from the organization (Part VII col. D)
$347,470
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$23,350
CEO total compensation (D+E+F)
$370,820 to Robert Peterson
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)$5.2MOf which charity care to patients who could not pay (line 7a)$232,776 (4%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($694,432) 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.
§Share
This card is what appears when the link to this page is posted. Use it, the sentence, or the embed code. No permission needed; attribution is on the card.
Millinocket Regional Hospital reported $370,820 in compensation for chief executive Robert Peterson in the fiscal year ending 2024-06. It spent 0.67% of expenses on charity care, $232,776. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/millinocket-regional-hospital-01-0223482.html
