Official Seal, Everything Is Broken (2026)

Everything Is Broken

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

Minnesota · Ranked 537 of 1033 by CEO pay.

Welia Health

Randy Ulseth, CEO. Fiscal year ending 2024-12.

$736,660
CEO total compensation
Form 990 Part VII, columns D+E+F
0.37%
of expenses spent on charity care
Schedule H Part I line 7a
154.7%
CEO pay as a share of all charity care
In the most recent filing year, Randy Ulseth’s reported compensation was $736,660. The system’s charity care for the same year was $476,191. One person’s reported compensation was 1.5 times what the system gave to every patient who could not pay.

§1The filing

Total revenue
$138,230,370
Total expenses
$128,056,113
Net assets
$133,443,131
Employees
735
Hospitals covered
1 facilities across 1 filing
Charity care, net
$476,191
Bad debt
$5,309,469
Medicare surplus (shortfall), as filed
($8,804,157)
CEO pay from the organization (Part VII col. D)
$692,871
From related organizations (col. E)
$0
Other compensation, including deferred pay and nontaxable benefits (col. F)
$43,789
CEO total compensation (D+E+F)
$736,660 to Randy Ulseth

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, Welia Health, EIN 84-5163224, 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)$10.2M Of which charity care to patients who could not pay (line 7a)$476,191 (5%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($5.3M) 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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Welia Health: CEO pay $736,660, charity care 0.37% of expenses