Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Florida · Ranked 157 of 1033 by CEO pay.

Sacred Heart Health System

Don E King, CEO, Ministry Market. Fiscal year ending 2025-06.

$2.2M
CEO total compensation
Form 990 Part VII, columns D+E+F
2.87%
of expenses spent on charity care
Schedule H Part I line 7a
4.1%
CEO pay as a share of all charity care

Most of the reported compensation ($2,175,488 of $2,226,391) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$2,015,978,026
Total expenses
$1,900,584,711
Net assets
$612,478,015
Employees
8,881
Hospitals covered
5 facilities across 2 filings
Charity care, net
$54,622,772
Bad debt
$31,618,939
Medicare surplus (shortfall), as filed
($16,748,152)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$2,175,488
Other compensation, including deferred pay and nontaxable benefits (col. F)
$50,903
CEO total compensation (D+E+F)
$2,226,391 to Don E King

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, Sacred Heart Health System, EIN 59-0634434, fiscal year ending 2025-06, 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)$94.9M Of which charity care to patients who could not pay (line 7a)$54.6M (58%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($31.6M) 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
Sacred Heart Health System Inc59-06344342025-06$1.8B$54.3M3.13%990
St Vincent's Health System Inc59-36506092025-06$168.7M$321,4660.19%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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Sacred Heart Health System: CEO pay $2.2M, charity care 2.87% of expenses