Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Michigan · Not ranked: see note below.

Mymichigan Medical Center Saginaw

Schmidt Carol, Ministry Market Executive/President (Part Year). Fiscal year ending 2025-06.

$2.8M
CEO total compensation
Form 990 Part VII, columns D+E+F
1.40%
of expenses spent on charity care
Schedule H Part I line 7a
42.4%
CEO pay as a share of all charity care
Schmidt Carol’s pay of $2,826,319 equals 42.4 percent of the $6,662,516 the system spent on charity care in the same year.

Not in the ranking because the chief executive could not be identified from the filing with confidence. The figures below are shown as filed.

Most of the reported compensation ($2,780,463 of $2,826,319) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$406,632,879
Total expenses
$475,816,142
Net assets
$6,040,363
Employees
2,107
Hospitals covered
3 facilities across 3 filings
Charity care, net
$6,662,516
Bad debt
$37,741,903
Medicare surplus (shortfall), as filed
($11,143,737)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$2,780,463
Other compensation, including deferred pay and nontaxable benefits (col. F)
$45,856
CEO total compensation (D+E+F)
$2,826,319 to Schmidt Carol

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, Mymichigan Medical Center Saginaw, EIN 38-0997730, fiscal year ending 2025-06, as published by the IRS. CEO identification: president title multiple.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$25.4M Of which charity care to patients who could not pay (line 7a)$6.7M (26%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($37.7M) 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
Mymichigan Medical Center Saginaw38-09977302025-06$314.9M$5.2M1.47%990
Mymichigan Medical Center Tawas38-14433952025-06$63.0M$1.0M1.77%990
Mymichigan Medical Center Standish38-16711202025-06$28.7M$447,9131.69%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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Mymichigan Medical Center Saginaw: CEO pay $2.8M, charity care 1.40% of expenses