Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

New York · Not ranked: see note below.

The New York Gracie Square Hospital

Timothy P Mcgarvey, Executive Director & CNO. Fiscal year ending 2024-12.

$432,256
CEO total compensation
Form 990 Part VII, columns D+E+F
1.56%
of expenses spent on charity care
Schedule H Part I line 7a
32.9%
CEO pay as a share of all charity care
Timothy P Mcgarvey’s pay of $432,256 equals 32.9 percent of the $1,314,545 the system spent on charity care in the same year.

Not in the ranking because the chief executive could not be identified from the filing with confidence. The figures below are shown as filed.

Most of the reported compensation ($380,037 of $432,256) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$86,023,910
Total expenses
$84,023,650
Net assets
$37,962,257
Employees
542
Hospitals covered
1 facilities across 1 filing
Charity care, net
$1,314,545
Bad debt
$658,926
Medicare surplus (shortfall), as filed
($3,595,610)
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$380,037
Other compensation, including deferred pay and nontaxable benefits (col. F)
$52,219
CEO total compensation (D+E+F)
$432,256 to Timothy P Mcgarvey

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 New York Gracie Square Hospital, EIN 13-3746997, fiscal year ending 2024-12, as published by the IRS. CEO identification: administrator title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$2.6M Of which charity care to patients who could not pay (line 7a)$1.3M (51%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($658,926) 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 New York Gracie Square Hospital: CEO pay $432,256, charity care 1.56% of expenses