Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Minnesota · Ranked 192 of 1033 by CEO pay.

St Cloud Hospital

Kenneth Holmen, President/CEO. Fiscal year ending 2025-06.

$2.0M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.34%
of expenses spent on charity care
Schedule H Part I line 7a
33.3%
CEO pay as a share of all charity care
Kenneth Holmen’s pay of $1,969,529 equals 33.3 percent of the $5,909,038 the system spent on charity care in the same year.

Most of the reported compensation ($1,921,145 of $1,969,529) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$1,984,704,403
Total expenses
$1,735,708,419
Net assets
$2,076,417,246
Employees
14,210
Hospitals covered
9 facilities across 5 filings
Charity care, net
$5,909,038
Bad debt
$26,520,413
Medicare surplus (shortfall), as filed
$16,570,734
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$1,921,145
Other compensation, including deferred pay and nontaxable benefits (col. F)
$48,384
CEO total compensation (D+E+F)
$1,969,529 to Kenneth Holmen

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, St Cloud Hospital, EIN 41-0695596, 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)$154.8M Of which charity care to patients who could not pay (line 7a)$5.9M (4%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($26.5M) 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
St Cloud Hospital41-06955962025-06$1.2B$3.9M0.37%990
Centracare Health System41-18132212025-06$647.9M$1.0M0.20%990
Centracare Health System - Melrose41-18653152025-06$53.8M$145,4570.34%990
Centracare Health System - Sauk Centre45-24389732025-06$44.4M$193,0980.48%990
Centracare Health System - Long Prairie41-19246452025-06$38.0M$606,4931.63%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.

§Share

St Cloud Hospital: CEO pay $2.0M, charity care 0.34% of expenses