Edward Budd, President/CEO. Fiscal year ending 2025-06.
$666,624
CEO total compensation Form 990 Part VII, columns D+E+F
0.29%
of expenses spent on charity care Schedule H Part I line 7a
200.1%
CEO pay as a share of all charity care
In the most recent filing year, Edward Budd’s reported compensation was $666,624. The system’s charity care for the same year was $333,107. One person’s reported compensation was 2.0 times what the system gave to every patient who could not pay.
§1The filing
Total revenue
$160,965,453
Total expenses
$114,001,255
Net assets
$682,377,700
Employees
643
Hospitals covered
3 facilities across 1 filing
Charity care, net
$333,107
Bad debt
$6,003,082
Medicare surplus (shortfall), as filed
$1,707,454
CEO pay from the organization (Part VII col. D)
$646,068
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$20,556
CEO total compensation (D+E+F)
$666,624 to Edward Budd
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.
What the system reported as total community benefit (Schedule H line 7k)$638,584Of which charity care to patients who could not pay (line 7a)$333,107 (52%)
The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($6.0M) 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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Thorek Memorial Hospital reported $666,624 in compensation for chief executive Edward Budd in the fiscal year ending 2025-06. It spent 0.29% of expenses on charity care, $333,107. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/thorek-memorial-hospital-36-6000085.html
