Michael Backus, President And CEO. Fiscal year ending 2024-12.
$565,125
CEO total compensation Form 990 Part VII, columns D+E+F
0.08%
of expenses spent on charity care Schedule H Part I line 7a
361.9%
CEO pay as a share of all charity care
In the most recent filing year, Michael Backus’s reported compensation was $565,125. The system’s charity care for the same year was $156,175. One person’s reported compensation was 3.6 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$184,751,176
Total expenses
$186,070,111
Net assets
$92,706,373
Employees
1,449
Hospitals covered
2 facilities across 1 filing
Charity care, net
$156,175
Bad debt
$5,786,109
Medicare surplus (shortfall), as filed
($12,909,436)
CEO pay from the organization (Part VII col. D)
$554,436
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$10,689
CEO total compensation (D+E+F)
$565,125 to Michael Backus
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)$12.3MOf which charity care to patients who could not pay (line 7a)$156,175 (1%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($5.8M) 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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Oswego Hospital reported $565,125 in compensation for chief executive Michael Backus in the fiscal year ending 2024-12. It spent 0.08% of expenses on charity care, $156,175. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/oswego-hospital-15-0532220.html
