Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Alaska · Washington · Oregon · California · Montana · Ranked 12 of 1033 by CEO pay.

Providence

Rod F Hochman MD, President/CEO. Fiscal year ending 2024-12.

$12.3M
CEO total compensation
Form 990 Part VII, columns D+E+F
1.11%
of expenses spent on charity care
Schedule H Part I line 7a
5.6%
CEO pay as a share of all charity care

Also listed with a chief executive title in the same filings: Erik Wexler, President/CEO, $9,125,384; Joel Gilbertson, Division Chief Exec - Central, $2,829,815; Elizabeth Wako, President And CEO - Swedish, $2,820,837; Kevin Brooks, Division Chief Exec - North, $2,512,326. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$20,233,547,094
Total expenses
$19,721,592,886
Net assets
$5,946,096,449
Employees
95,914
Hospitals covered
32 facilities across 9 filings
Charity care, net
$218,303,436
Bad debt
Medicare surplus (shortfall), as filed
($1,251,854,171)
CEO pay from the organization (Part VII col. D)
$11,180,086
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$1,077,550
CEO total compensation (D+E+F)
$12,257,636 to Rod F Hochman MD

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, Providence, EIN 51-0216586, 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)$1.1B Of which charity care to patients who could not pay (line 7a)$218.3M (20%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt () 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
Providence Health & Services - Washington51-02165862024-12$9.7B$94.3M1.01%990
Providence Health & Services - Oregon51-02165872024-12$5.9B$72.8M1.23%990
Providence Health System - So California51-02165892024-12$2.3B$19.7M0.91%990
Kadlec Regional Medical Center91-06553922024-12$1.0B$18.9M1.98%990
Providence Health & Services - Montana81-02317932024-12$563.3M$6.4M1.14%990
Providence Saint John's Health Center95-16840822024-12$499.5M$2.7M0.51%990
Western Healthconnect45-41719002024-12$129.7M$2.5M1.41%990
Providence St Joseph Medical Center81-04634822024-12$50.5M$1.0M1.93%990
Providence St Joseph Health81-12444222024-12$24.0M$3870.00%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.

§Share

Providence: CEO pay $12.3M, charity care 1.11% of expenses