Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

North Carolina · Ranked 143 of 1033 by CEO pay.

Moses H Cone Memorial Hospital Operating

Mary Jo Cagle MD, President & CEO. Fiscal year ending 2024-12.

$2.4M
CEO total compensation
Form 990 Part VII, columns D+E+F
2.37%
of expenses spent on charity care
Schedule H Part I line 7a
15.7%
CEO pay as a share of all charity care
Mary Jo Cagle MD’s pay of $2,397,790 equals 15.7 percent of the $15,288,383 the system spent on charity care in the same year.

§1The filing

Total revenue
$706,144,884
Total expenses
$645,489,353
Net assets
$2,501,833,125
Employees
15,518
Hospitals covered
5 facilities across 2 filings
Charity care, net
$15,288,383
Bad debt
$60,918,037
Medicare surplus (shortfall), as filed
($39,058,685)
CEO pay from the organization (Part VII col. D)
$2,289,628
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$108,162
CEO total compensation (D+E+F)
$2,397,790 to Mary Jo Cagle MD

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, Moses H Cone Memorial Hospital Operating, EIN 58-1588823, 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)$17.4M Of which charity care to patients who could not pay (line 7a)$15.3M (88%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($60.9M) 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
Moses H Cone Memorial Hospital Operating Corporation58-15888232024-12$598.6M$12.3M2.24%990
Alamance Regional Medical Center Inc56-05299942024-12$107.5M$3.0M3.13%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.

§Share

Moses H Cone Memorial Hospital Operating: CEO pay $2.4M, charity care 2.37% of expenses