Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Ohio · Michigan · Ranked 99 of 1033 by CEO pay.

The Toledo Hospital

Arturo Polizzi, CEO. Fiscal year ending 2024-12.

$3.1M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.96%
of expenses spent on charity care
Schedule H Part I line 7a
16.0%
CEO pay as a share of all charity care
Arturo Polizzi’s pay of $3,133,332 equals 16.0 percent of the $19,523,597 the system spent on charity care in the same year.

Most of the reported compensation ($3,119,320 of $3,133,332) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$2,494,082,172
Total expenses
$2,041,370,019
Net assets
$162,581,015
Employees
12,613
Hospitals covered
11 facilities across 8 filings
Charity care, net
$19,523,597
Bad debt
$96,138,429
Medicare surplus (shortfall), as filed
$2,369,866
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$3,119,320
Other compensation, including deferred pay and nontaxable benefits (col. F)
$14,012
CEO total compensation (D+E+F)
$3,133,332 to Arturo Polizzi

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 Toledo Hospital, EIN 34-4428256, 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)$112.3M Of which charity care to patients who could not pay (line 7a)$19.5M (17%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($96.1M) 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
The Toledo Hospital34-44282562024-12$1.7B$12.1M0.92%990
Mercy Memorial Hospital Corporation38-19842892024-12$193.1M$1.7M1.05%990
Emma L Bixby Medical Center38-27960052024-12$155.8M$1.3M1.06%990
Bay Park Community Hospital34-18831322024-12$135.4M$1.2M1.28%990
Defiance Hospital Inc34-44464842024-12$103.9M$763,6071.19%990
Memorial Hospital34-44308492024-12$94.8M$832,8881.13%990
Community Health Center of Branch County38-61081102024-12$86.0M$1.1M1.26%990
Fostoria Hospital Association34-08987452024-12$52.8M$640,5701.64%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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The Toledo Hospital: CEO pay $3.1M, charity care 0.96% of expenses