Massachusetts · Ranked 395 of 1033 by CEO pay.

Umass Memorial Health - Milford Regional Medical Center

Edward Kelly, President And CEO. Fiscal year ending 2024-09.

$1.0M

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

0.89%

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

38.7%

CEO pay as a share of all charity care

Edward Kelly’s pay of $1,038,422 equals 38.7 percent of the $2,686,361 the system spent on charity care in the same year.

§1The filing

Total revenue: $292,776,405
Total expenses: $301,549,614
Net assets: $77,071,703
Employees: 2,131
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $2,686,361
Bad debt: $5,245,806
Medicare surplus (shortfall), as filed: ($29,602,018)
CEO pay from the organization (Part VII col. D): $851,149
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $187,273
CEO total compensation (D+E+F): $1,038,422 to Edward Kelly

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, Umass Memorial Health - Milford Regional Medical Center, EIN 04-2103602, fiscal year ending 2024-09, 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)$28.4M Of which charity care to patients who could not pay (line 7a)$2.7M (9%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($5.2M) 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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Umass Memorial Health - Milford Regional Medical Center: CEO pay $1.0M, charity care 0.89% of expenses

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Umass Memorial Health - Milford Regional Medical Center reported $1,038,422 in compensation for chief executive Edward Kelly in the fiscal year ending 2024-09. It spent 0.89% of expenses on charity care, $2,686,361. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/umass-memorial-health-milford-regional-medical-center-inc-04-2103602.html