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Mvhs

Darlene Stromstad, President/CEO. Fiscal year ending 2024-12.

$1.0M

CEO total compensation
Form 990 Part VII, columns D+E+F

0.64%

of expenses spent on charity care
Schedule H Part I line 7a

20.8%

CEO pay as a share of all charity care

Darlene Stromstad’s pay of $1,012,107 equals 20.8 percent of the $4,866,456 the system spent on charity care in the same year.

§1The filing

Total revenue: $725,330,926
Total expenses: $754,627,656
Net assets: $438,642,831
Employees: 4,917
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $4,866,456
Bad debt: $6,393,682
Medicare surplus (shortfall), as filed: ($92,098,511)
CEO pay from the organization (Part VII col. D): $980,574
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $31,533
CEO total compensation (D+E+F): $1,012,107 to Darlene Stromstad

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, Mvhs, EIN 16-1576637, 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)$71.1M Of which charity care to patients who could not pay (line 7a)$4.9M (7%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($6.4M) 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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Mvhs: CEO pay $1.0M, charity care 0.64% of expenses

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Mvhs reported $1,012,107 in compensation for chief executive Darlene Stromstad in the fiscal year ending 2024-12. It spent 0.64% of expenses on charity care, $4,866,456. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/mvhs-inc-16-1576637.html