Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Virginia · Ranked 226 of 1033 by CEO pay.

Riverside Healthcare Association Inc

Michael J Dacey MD, Board Member/Chief Executive Officer. Fiscal year ending 2024-12.

$1.7M
CEO total compensation
Form 990 Part VII, columns D+E+F
1.23%
of expenses spent on charity care
Schedule H Part I line 7a
5.5%
CEO pay as a share of all charity care

§1The filing

Total revenue
$2,638,572,293
Total expenses
$2,568,400,463
Net assets
$761,262,001
Employees
12,359
Hospitals covered
6 facilities across 2 filings
Charity care, net
$31,591,923
Bad debt
$47,555,195
Medicare surplus (shortfall), as filed
($144,281,144)
CEO pay from the organization (Part VII col. D)
$1,704,889
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$25,525
CEO total compensation (D+E+F)
$1,730,414 to Michael J Dacey 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, Riverside Healthcare Association Inc, EIN 90-1000718, 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)$114.3M Of which charity care to patients who could not pay (line 7a)$31.6M (28%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($47.6M) 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
Riverside Healthcare Association Inc Group90-10007182024-12$2.5B$27.6M1.14%990
Shore Health Services Inc54-05605002024-12$115.2M$4.0M3.94%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.

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Riverside Healthcare Association Inc: CEO pay $1.7M, charity care 1.23% of expenses