Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

California · Ranked 134 of 1033 by CEO pay.

Pasadena Hospital Association Ltd

Lori J Morgan MD MBA, President And Chief Executive Officer. Fiscal year ending 2025-06.

$2.5M
CEO total compensation
Form 990 Part VII, columns D+E+F
2.22%
of expenses spent on charity care
Schedule H Part I line 7a
12.8%
CEO pay as a share of all charity care

Also listed with a chief executive title in the same filings: Peter L Slavin MD, Ex-Officio Voting, $1,871,874. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$869,168,972
Total expenses
$874,587,655
Net assets
$690,426,675
Employees
4,265
Hospitals covered
1 facilities across 1 filing
Charity care, net
$19,414,762
Bad debt
$1,353,288
Medicare surplus (shortfall), as filed
($16,415,918)
CEO pay from the organization (Part VII col. D)
$2,443,406
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$35,941
CEO total compensation (D+E+F)
$2,479,347 to Lori J Morgan MD MBA

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, Pasadena Hospital Association Ltd, EIN 95-1644036, fiscal year ending 2025-06, as published by the IRS. CEO identification: ceo title multiple.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$115.8M Of which charity care to patients who could not pay (line 7a)$19.4M (17%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($1.4M) 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.

§Share

Pasadena Hospital Association Ltd: CEO pay $2.5M, charity care 2.22% of expenses