Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

New Hampshire · Maine · Ranked 330 of 1033 by CEO pay.

St Joseph Hospital

Stephen Grubbs, CEO, Covenant Health, Inc.. Fiscal year ending 2024-12.

$1.3M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.51%
of expenses spent on charity care
Schedule H Part I line 7a
31.6%
CEO pay as a share of all charity care
Stephen Grubbs’s pay of $1,276,101 equals 31.6 percent of the $4,035,724 the system spent on charity care in the same year.

Most of the reported compensation ($1,235,937 of $1,276,101) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$789,979,487
Total expenses
$792,668,504
Net assets
$130,349,228
Employees
4,401
Hospitals covered
3 facilities across 3 filings
Charity care, net
$4,035,724
Bad debt
$11,331,597
Medicare surplus (shortfall), as filed
($28,647,353)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$1,235,937
Other compensation, including deferred pay and nontaxable benefits (col. F)
$40,164
CEO total compensation (D+E+F)
$1,276,101 to Stephen Grubbs

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 Joseph Hospital, EIN 02-0222215, 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)$176.8M Of which charity care to patients who could not pay (line 7a)$4.0M (2%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($11.3M) 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
St Joseph Hospital02-02222152024-12$315.6M$1.2M0.38%990
St Joseph Hospital01-02124352024-12$238.2M$1.3M0.60%990
St Mary's Regional Medical Center01-02115512024-12$236.2M$1.5M0.65%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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St Joseph Hospital: CEO pay $1.3M, charity care 0.51% of expenses