Riverside Health System CEO salary and executive pay
Riverside Health System paid its CEO, Michael J Dacey MD, $1,730,414 for the fiscal year ending December 2024. That is up $255,743 (17.3%) from the fiscal year ending December 2023. Total revenue on that return was $2,523,395,459, up 8.7% from $2,321,430,276 for the fiscal year ending December 2023. Riverside Health System ranks 195th of 229 hospital systems on this site by CEO pay. Riverside Health System has 3 Form 990 returns on record, for fiscal years ending 2022 to 2024.
Last updated from IRS e-file data. EIN 90-1000718, Newport News, VA.
CEO, fiscal year ending December 2024
$1,730,414
Highest-paid person, fiscal year ending December 2024
$2,642,681Dean KostovPhysician Specialty
- Total revenue
- $2,523,395,459
- CEO pay vs. peers
- Higher than 9%
Source: Form 990, fiscal year ending December 2024, IRS object ID 202533189349312263.View the filing
Peers: the 183 other hospital systems on this site. Ranked 167th of 184 by top pay as a share of revenue. Pay is 0.07% of revenue, our calculation from the same return. Revenue is Part I, line 12; peers are compared on their latest full-year returns.
This is a group return: one Form 990 filed for a group of affiliated organizations together.
Highest-paid people on the latest return
On the latest return, 35 people were paid more than $500,000, 9 of them more than $1 million.
| Name and title | Total |
|---|---|
| Dean KostovPhysician Specialty | $2,642,681 |
| John LammPhysician Specialty | $2,485,812 |
| Romney AndersenPhysician Specialty | $2,310,097 |
| William H McAllister MDBOARD MEMBER/Physician Specialty | $2,213,633 |
| David RomanoPhysician Specialty | $2,031,411 |
Also paid on the latest return: Anthony Farah (Physician Specialty), $1,869,113; Michael J Dacey MD (BOARD MEMBER/Chief Executive Officer), $1,730,414; Scott V Burgess (BOARD MEMBER/Physician Specialty), $1,101,426; Thomas M Kayrouz MD (Chief Clinical Operations Officer, RHS), $1,077,347; W William Austin Jr (EVP & CFO, TREASURER RHS), $956,672; Michael Seiji Oshiki MD (President, RRMC), $890,706; William B Downey (Executive Vice Chairman, RHS Board), $856,072; Joseph T Adinaro MD (MEDICAL STAFF PRESIDENT/Physician Specialty), $849,008; Sally E Hartman (SENIOR VP), $743,386; Melvin D Schursky MD (BOARD MEMBER/Physician Specialty), $720,384; Thomas Taghon MD (VP, CMO, RRMC), $719,128; Charles O Frazier (Chief Medical Information & Innovation Officer/SVP), $708,076; Jason O Houser Esq (GENERAL COUNSEL, SECRETARY, RHS), $701,166; Ross M Younger (Chief Information Officer/ SVP), $683,495; Christopher P Stolle MD (VP MEDICAL AFFAIRS), $675,364; and 81 more.
Also listed in Part VII of the latest return, with no pay reported: Andrew T Hill (VICE CHAIRMAN), Barbara S Haywood (VICE CHAIRMAN), Carol U Meredith (VICE CHAIRMAN), Conway W Smith III (CHAIRMAN), Dana W Tomlin (CHAIRMAN), Daniel J Sherlock (CHAIRMAN), Eugene M Jordan Esq (VICE CHAIRMAN), Gabriel A Morgan (CHAIRMAN), George Royden Goodson III (CHAIRMAN), Harold D Jones (CHAIRMAN), James C Burnett CPA (CHAIRMAN), Jared L Bates (BOARD MEMBER), Quentin Kidd PhD (VICE CHAIRMAN), Thomas Byrd (VICE CHAIRMAN), Adelia P Thompson (BOARD MEMBER), Betsy C Anderson (BOARD MEMBER), Brooke Tiller (BOARD MEMBER), Celia L Adolphi (BOARD MEMBER), Charles G Minter (BOARD MEMBER), Charvalla West (BOARD MEMBER), Claudia A McMurray (BOARD MEMBER), Conway Howard Sheild III (BOARD MEMBER), Dawn R Smith (BOARD MEMBER), Douglas E Nagel (BOARD MEMBER), Elizabeth Dawn Hunt DMD (BOARD MEMBER), and 36 more.
CEO pay by year
Each row is the CEO on that year's return.
| Fiscal year ending | Name and title | Total | Revenue | Source |
|---|---|---|---|---|
| Dec 2024 | Michael J Dacey MD CEO BOARD MEMBER/Chief Executive Officer | $1,730,414 | $2,523,395,459 | Filing |
| Dec 2023 | MICHAEL J DACEY MD CEO Board Member/PRESIDENT/CEO, RHS | $1,474,671 | $2,321,430,276 | Filing |
| Dec 2022 | WILLIAM BURNS DOWNEY CEO CEO, RHS | $1,665,341 | $2,082,135,476 | Filing |
How this pay was reported
The parts of each total, as reported on the return for the fiscal year ending December 2024.
Source: Form 990, fiscal year ending December 2024, IRS object ID 202533189349312263.View the filing
| Part VII | Schedule J | |||||||
|---|---|---|---|---|---|---|---|---|
| Name and title | From org | Other | Base | Bonus | Other | Deferred | Nontaxable | Total |
| Dean KostovPhysician Specialty | $2,572,482 | $70,199 | $1,649,566 | $721,656 | $201,260 | $22,414 | $47,785 | $2,642,681 |
| John LammPhysician Specialty | $2,428,087 | $57,725 | $1,682,573 | $744,758 | $756 | $10,566 | $47,159 | $2,485,812 |
| Romney AndersenPhysician Specialty | $2,296,450 | $13,647 | $1,660,069 | $550,837 | $85,544 | $12,492 | $1,155 | $2,310,097 |
| William H McAllister MDBOARD MEMBER/Physician Specialty | $2,138,263 | $75,370 | $1,441,274 | $633,655 | $63,334 | $27,325 | $48,045 | $2,213,633 |
| David RomanoPhysician Specialty | $1,978,440 | $52,971 | $1,419,126 | $558,474 | $840 | $6,600 | $46,371 | $2,031,411 |
| Michael J Dacey MDBOARD MEMBER/Chief Executive Officer | $1,704,889 | $25,525 | $1,143,251 | $327,808 | $233,830 | $15,225 | $10,300 | $1,730,414 |
These figures come from Riverside Health System's Form 990 returns, as the IRS publishes them. The methodology page explains how they're chosen. To report an error, email corrections@ceopaycheck.com.
How Riverside Health System compares
Ranked 195th of 229 hospital systems by CEO pay.
- Previous in this ranking: 194th, Logan Health, $1,740,052
- Next in this ranking: 196th, Salem Health, $1,730,320
Closest in revenue among the hospital systems on this site:
University of Maryland Medical System$3,940,617 (CEO), fiscal year ending Jun 2025
UVM Medical Center$2,235,745 (CEO), fiscal year ending Sep 2025
West Virginia University Hospitals (WVU Medicine)$1,145,956 (CEO), fiscal year ending Dec 2024
Community Health System (Fresno)$1,767,621 (CEO), fiscal year ending Aug 2025
Mass General Brigham$9,180,758 (CEO), fiscal year ending Sep 2025
Common questions
Michael J Dacey MD (BOARD MEMBER/Chief Executive Officer) was paid $1,730,414 for the fiscal year ending December 2024: $1,704,889 from Riverside Health System and $25,525 in other compensation (Part VII columns D and F).
The highest-paid person on the latest return was Dean Kostov (Physician Specialty), at $2,642,681. That is $912,267 more than the CEO, Michael J Dacey MD.
Riverside Health System paid its CEO, Michael J Dacey MD, $1,730,414 for the fiscal year ending December 2024. That is up $255,743 (17.3%) from the fiscal year ending December 2023. The earliest return on record is for the fiscal year ending December 2022, when the CEO was WILLIAM BURNS DOWNEY, paid $1,665,341. By fiscal year end: December 2022, $1,665,341 (WILLIAM BURNS DOWNEY); December 2023, $1,474,671 (MICHAEL J DACEY MD); December 2024, $1,730,414.
Riverside Health System's return for the fiscal year ending December 2024 reports total expenses of $2,463,979,009 and total revenue of $2,523,395,459 (Part I, lines 18 and 12), so revenue exceeded expenses by $59,416,450. Expenses were $2,291,532,068 for the fiscal year ending December 2023, so they rose 7.5%. The CEO's pay of $1,730,414 equals 0.07% of expenses, our calculation.
From the 3 Form 990 returns Riverside Health System filed with the IRS for fiscal years ending 2022 to 2024. The latest full-year return was filed on November 14, 2025. Schedule J of the fiscal year ending December 2024 return breaks down pay for all 6 people in the pay breakdown above.