Minnesota · Ranked 414 of 1033 by CEO pay.

Olmsted Medical Center

Tim Weir FACHE, Chief Executive Officer. Fiscal year ending 2024-12.

$1.0M

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

0.42%

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

81.4%

CEO pay as a share of all charity care

Tim Weir FACHE’s pay of $1,009,681 equals 81.4 percent of the $1,240,292 the system spent on charity care in the same year.

§1The filing

Total revenue: $304,844,558
Total expenses: $298,549,388
Net assets: $249,207,942
Employees: 1,698
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $1,240,292
Bad debt: $10,419,194
Medicare surplus (shortfall), as filed: ($45,891,491)
CEO pay from the organization (Part VII col. D): $965,511
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $44,170
CEO total compensation (D+E+F): $1,009,681 to Tim Weir FACHE

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, Olmsted Medical Center, EIN 41-0855367, 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)$50.7M Of which charity care to patients who could not pay (line 7a)$1.2M (2%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($10.4M) 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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Olmsted Medical Center: CEO pay $1.0M, charity care 0.42% of expenses

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Olmsted Medical Center reported $1,009,681 in compensation for chief executive Tim Weir FACHE in the fiscal year ending 2024-12. It spent 0.42% of expenses on charity care, $1,240,292. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/olmsted-medical-center-41-0855367.html