New York · Ranked 404 of 1033 by CEO pay.

The Frederick Ferris Thompson Hospital

Michael F Stapleton Jr, President/CEO. Fiscal year ending 2024-12.

$1.0M

CEO total compensation
Form 990 Part VII, columns D+E+F

2.52%

of expenses spent on charity care
Schedule H Part I line 7a

17.9%

CEO pay as a share of all charity care

Michael F Stapleton Jr’s pay of $1,022,632 equals 17.9 percent of the $5,716,870 the system spent on charity care in the same year.

Most of the reported compensation ($880,409 of $1,022,632) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue: $236,129,114
Total expenses: $226,892,566
Net assets: $82,256,797
Employees: 2,141
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $5,716,870
Bad debt: $7,478,020
Medicare surplus (shortfall), as filed: ($870,589)
CEO pay from the organization (Part VII col. D): $0
From related organizations (col. E): $880,409
Other compensation, including deferred pay and nontaxable benefits (col. F): $142,223
CEO total compensation (D+E+F): $1,022,632 to Michael F Stapleton Jr

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, The Frederick Ferris Thompson Hospital, EIN 16-0743024, 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)$19.2M Of which charity care to patients who could not pay (line 7a)$5.7M (30%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($7.5M) 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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The Frederick Ferris Thompson Hospital: CEO pay $1.0M, charity care 2.52% of expenses

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The Frederick Ferris Thompson Hospital reported $1,022,632 in compensation for chief executive Michael F Stapleton Jr in the fiscal year ending 2024-12. It spent 2.52% of expenses on charity care, $5,716,870. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/the-frederick-ferris-thompson-hospital-16-0743024.html