Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Maryland · Delaware · Ranked 248 of 1033 by CEO pay.

Tidalhealth Peninsula Regional

Steven Leonard, President/CEO. Fiscal year ending 2025-06.

$1.7M
CEO total compensation
Form 990 Part VII, columns D+E+F
0.56%
of expenses spent on charity care
Schedule H Part I line 7a
36.0%
CEO pay as a share of all charity care
Steven Leonard’s pay of $1,650,521 equals 36.0 percent of the $4,586,977 the system spent on charity care in the same year.

Most of the reported compensation ($1,341,372 of $1,650,521) came from a related organization (Part VII column E) and was reported on this filing.

§1The filing

Total revenue
$889,599,086
Total expenses
$818,820,456
Net assets
$801,075,184
Employees
0
Hospitals covered
2 facilities across 2 filings
Charity care, net
$4,586,977
Bad debt
$17,284,892
Medicare surplus (shortfall), as filed
$49,854,576
CEO pay from the organization (Part VII col. D)
$0
From related organizations (col. E)
$1,341,372
Other compensation, including deferred pay and nontaxable benefits (col. F)
$309,149
CEO total compensation (D+E+F)
$1,650,521 to Steven Leonard

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, Tidalhealth Peninsula Regional, EIN 52-0591628, fiscal year ending 2025-06, 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)$109.4M Of which charity care to patients who could not pay (line 7a)$4.6M (4%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($17.3M) 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
Tidalhealth Peninsula Regional Inc52-05916282025-06$643.6M$1.6M0.28%990
Tidalhealth Nanticoke Inc51-00692432025-06$246.0M$3.0M1.28%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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Tidalhealth Peninsula Regional: CEO pay $1.7M, charity care 0.56% of expenses