Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Alabama · Not ranked: see note below.

Providence Hospital

Todd Steven Kennedy, President (End 9/2023). Fiscal year ending 2024-06.

$751,405
CEO total compensation
Form 990 Part VII, columns D+E+F
2.65%
of expenses spent on charity care
Schedule H Part I line 7a
47.6%
CEO pay as a share of all charity care
Todd Steven Kennedy’s pay of $751,405 equals 47.6 percent of the $1,578,632 the system spent on charity care in the same year.

Not in the ranking because the chief executive could not be identified from the filing with confidence. The figures below are shown as filed.

Most of the reported compensation ($705,985 of $751,405) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$60,997,438
Total expenses
$59,543,457
Net assets
−$2,565,105
Employees
1,658
Hospitals covered
1 facilities across 1 filing
Charity care, net
$1,578,632
Bad debt
$801,173
Medicare surplus (shortfall), as filed
($5,368,184)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$705,985
Other compensation, including deferred pay and nontaxable benefits (col. F)
$45,420
CEO total compensation (D+E+F)
$751,405 to Todd Steven Kennedy

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 Hospital, EIN 63-0288861, fiscal year ending 2024-06, as published by the IRS. CEO identification: president title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$1.8M Of which charity care to patients who could not pay (line 7a)$1.6M (87%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($801,173) 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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Providence Hospital: CEO pay $751,405, charity care 2.65% of expenses