Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Massachusetts · Ranked 214 of 1033 by CEO pay.

Southcoast Hospitals Group

David Mccready, Ex-Officio, President & CEO. Fiscal year ending 2025-09.

$1.8M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.46%
of expenses spent on charity care
Schedule H Part I line 7a
30.3%
CEO pay as a share of all charity care
David Mccready’s pay of $1,798,618 equals 30.3 percent of the $5,933,054 the system spent on charity care in the same year.

Also listed with a chief executive title in the same filings: Rayford Kruger, Former President & CEO, $1,349,066. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$1,418,219,199
Total expenses
$1,302,509,535
Net assets
$1,042,726,812
Employees
6,806
Hospitals covered
2 facilities across 2 filings
Charity care, net
$5,933,054
Bad debt
$13,331,872
Medicare surplus (shortfall), as filed
($90,918,027)
CEO pay from the organization (Part VII col. D)
$1,594,229
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$204,389
CEO total compensation (D+E+F)
$1,798,618 to David Mccready

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, Southcoast Hospitals Group, EIN 22-2592333, fiscal year ending 2025-09, 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)$85.5M Of which charity care to patients who could not pay (line 7a)$5.9M (7%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($13.3M) 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
Southcoast Hospitals Group Inc22-25923332025-09$1.4B$5.8M0.45%990
Southcoast Health System Inc04-27946252025-09$36.7M$115,2930.65%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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Southcoast Hospitals Group: CEO pay $1.8M, charity care 0.46% of expenses