Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Washington · Ranked 110 of 1033 by CEO pay.

Swedish Health Services

Elizabeth Wako, President/CEO. Fiscal year ending 2024-12.

$2.8M
CEO total compensation
Form 990 Part VII, columns D+E+F
1.18%
of expenses spent on charity care
Schedule H Part I line 7a
6.5%
CEO pay as a share of all charity care

Most of the reported compensation ($2,511,022 of $2,820,837) came from a related organization (Part VII column E) and was reported on this filing.

Also listed with a chief executive title in the same filings: Kevin Brooks, Division Chief Exec - North, $2,512,326. Where a chief executive retired during the year, the filing reports the final-year payout.

§1The filing

Total revenue
$3,659,205,159
Total expenses
$3,705,715,539
Net assets
$365,760,688
Employees
16,393
Hospitals covered
5 facilities across 2 filings
Charity care, net
$43,672,192
Bad debt
Medicare surplus (shortfall), as filed
($388,318,565)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$2,511,022
Other compensation, including deferred pay and nontaxable benefits (col. F)
$309,815
CEO total compensation (D+E+F)
$2,820,837 to Elizabeth Wako

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, Swedish Health Services, EIN 91-0433740, 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)$294.3M Of which charity care to patients who could not pay (line 7a)$43.7M (15%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt () 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
Swedish Health Services91-04337402024-12$3.3B$34.6M1.04%990
Swedish Edmonds27-23053042024-12$321.0M$9.1M2.32%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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Swedish Health Services: CEO pay $2.8M, charity care 1.18% of expenses