CEO total compensation Form 990 Part VII, columns D+E+F
0.95%
of expenses spent on charity care Schedule H Part I line 7a
169.6%
CEO pay as a share of all charity care
In the most recent filing year, Jim Serratt’s reported compensation was $476,475. The system’s charity care for the same year was $281,001. One person’s reported compensation was 1.7 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$29,554,948
Total expenses
$29,648,252
Net assets
$30,084,506
Employees
529
Hospitals covered
3 facilities across 1 filing
Charity care, net
$281,001
Bad debt
$522,599
Medicare surplus (shortfall), as filed
$86,974
CEO pay from the organization (Part VII col. D)
$459,076
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$17,399
CEO total compensation (D+E+F)
$476,475 to Jim Serratt
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)$10.3MOf which charity care to patients who could not pay (line 7a)$281,001 (3%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($522,599) 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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Parkside reported $476,475 in compensation for chief executive Jim Serratt in the fiscal year ending 2024-12. It spent 0.95% of expenses on charity care, $281,001. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/parkside-inc-73-1280067.html
