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 174 of 1033 by CEO pay.

Santa Barbara Cottage Hospital

Ronald Werft, President & CEO. Fiscal year ending 2024-12.

$2.1M
CEO total compensation
Form 990 Part VII, columns D+E+F
1.64%
of expenses spent on charity care
Schedule H Part I line 7a
11.5%
CEO pay as a share of all charity care

Most of the reported compensation ($2,013,630 of $2,100,995) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$1,259,543,941
Total expenses
$1,119,353,073
Net assets
$2,135,429,123
Employees
4,208
Hospitals covered
3 facilities across 3 filings
Charity care, net
$18,345,019
Bad debt
$0
Medicare surplus (shortfall), as filed
($43,974,087)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$2,013,630
Other compensation, including deferred pay and nontaxable benefits (col. F)
$87,365
CEO total compensation (D+E+F)
$2,100,995 to Ronald Werft

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, Santa Barbara Cottage Hospital, EIN 95-1644629, 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)$201.0M Of which charity care to patients who could not pay (line 7a)$18.3M (9%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($0) 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
Santa Barbara Cottage Hospital95-16446292024-12$1.1B$14.4M1.46%990
Goleta Valley Cottage Hospital95-24135962024-12$139.7M$2.8M2.72%990
Santa Ynez Valley Cottage Hospital Inc95-22242652024-12$35.8M$1.1M3.87%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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Santa Barbara Cottage Hospital: CEO pay $2.1M, charity care 1.64% of expenses