Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Iowa · Ranked 365 of 1033 by CEO pay.

Southeast Iowa Regional Medical Center

Michael Mccoy, President/CEO. Fiscal year ending 2025-06.

$1.1M
CEO total compensation
Form 990 Part VII, columns D+E+F
1.07%
of expenses spent on charity care
Schedule H Part I line 7a
23.4%
CEO pay as a share of all charity care
Michael Mccoy’s pay of $1,136,923 equals 23.4 percent of the $4,866,544 the system spent on charity care in the same year.

Most of the reported compensation ($1,089,131 of $1,136,923) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$457,005,767
Total expenses
$455,866,170
Net assets
$178,528,780
Employees
2,437
Hospitals covered
1 facilities across 1 filing
Charity care, net
$4,866,544
Bad debt
$26,093,761
Medicare surplus (shortfall), as filed
($11,241,023)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$1,089,131
Other compensation, including deferred pay and nontaxable benefits (col. F)
$47,792
CEO total compensation (D+E+F)
$1,136,923 to Michael Mccoy

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, Southeast Iowa Regional Medical Center, EIN 42-0680407, 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)$11.7M Of which charity care to patients who could not pay (line 7a)$4.9M (41%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($26.1M) 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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Southeast Iowa Regional Medical Center: CEO pay $1.1M, charity care 1.07% of expenses