NonprofitsFreeport Memorial Hospital

Health Care

Freeport Memorial Hospital

FREEPORT, IL

Total revenue

$169.5M

Total expenses

$157.9M

Net assets

$57.8M

Grants received

$86K

2 grants

EIN

362181997

Tax year

2024

Mission

Our mission is to improve the health of our communities, working together with those we serve.

Programs

3 programs

Other uncompensated care: the hospital is a licensed medicare and medicaid provider with approximatelly 75% of its' patient base qualifying for at least one of these programs. At present the reimbursement rates of these programs do not fully cover the cost of care to these patients. The estimated unfunded cost of service for medicare patients was approximately $13,424,896 and medicaid patients was approximately $9,694,045 for the year ending 12/31/2024.

Expenses: $65.3M

Charity care: the hospital provided charity care benefits for patients whose income was up to 300% of the federally determined proverty level. Charges foregone for charity care amounted to approximately $2,659,632 in 2024. Estimated costs of providing these services amounted to approximately $596,150 in 2024.

Expenses: $2.7M

Other community benefits: the hospital operates and supports a number of community benefit programs that include but are not limited to community health education, health care support services and health professional education.

Financials

FY 2024

Revenue

Contributions & grants$714K
Program service revenue$167.7M
Investment income$1.1M
Other revenue
Total revenue$169.5M

Expenses

Grants paid
Salaries & benefits$55.3M
Fundraising
Other expenses$102.6M
Total expenses$157.9M
Total assets$89.4M
Net assets$57.8M

People

25 listed

NameRoleCompensation

MARK GRIDLEY

PRESIDENT/CEO

Board

$364K

25 hrs/wk

MICHAEL C CLARK

EXECUTIVE VP/CFO

Board

$215K

25 hrs/wk

LEONARD CARTER

CHEIF HUMAN RESOURCE OFFICER

Board

$144K

25 hrs/wk

AMY BAKER

BOARD MEMBER

Board

0.5 hrs/wk

HEATHER MCPHERSON

CHAIR

Board

0.5 hrs/wk

DAN SCHMITT

BOARD MEMBER

Board

0.5 hrs/wk

GLENDA KOELLER

BOARD MEMBER

Board

0.5 hrs/wk

SHOKRY TAWFIK MD

BOARD MEMBER

Board

0.5 hrs/wk

GARY QUINN

BOARD MEMBER

Board

0.5 hrs/wk

MARK WRIGHT

BOARD MEMBER

Board

0.5 hrs/wk

BRUCE BALDWIN

SECRETARY

Board

0.5 hrs/wk

STEVE KNEUBUEHL

TREASURER

Board

0.5 hrs/wk

KIMBERLY BEGGIN

BOARD MEMBER

Board

0.5 hrs/wk

RICH CHANG

VICE CHAIR

Board

0.5 hrs/wk

ARSHAD SHAIKH MD

PHYSICIAN

Staff

$697K

40 hrs/wk

CLARENCE PARKS MD

CHIEF MEDICAL OFFICER

Staff

$430K

40 hrs/wk

KARENMARIE MEYER MD

PHYSICIAN

Staff

$404K

40 hrs/wk

IRENA MARKOVIC MD

PHYSICIAN

Staff

$318K

40 hrs/wk

BETH KALNINS MD

PRESIDENT MEDICAL STAFF

Staff

$304K

40 hrs/wk

ZACHARY FULTON MD

PHYSICIAN

Staff

$294K

40 hrs/wk

KATHRYN J MARTINEZ

CHIEF NURSING OFFICER

Staff

$262K

40 hrs/wk

DANIEL LEE MD

PHYSICIAN

Staff

$218K

40 hrs/wk

REBECCA PEDERSEN MD

CHEIF QUALITY OFFICE

Staff

1 hrs/wk

ROBERT GELLER MD

HEAD OF INFECTIOUS DISEASES

Staff

1 hrs/wk

TIMOTHY JESSEN MD

CHAIR PHYSICIAN COUNCIL

Staff

0.5 hrs/wk

Independent contractors

FREEPORT EMERGENCY SPECIALISTS LTD

PHYSICIAN SERVICES

$5.3M

CAMELOT RADIOLOGY ASSOCIATES LTD

PHYSICIAN SERVICES

$3.4M

ROCKFORD ANESTHESIOLOGISTS ASSOC

HEALTH CARE

$2.2M

MEDICAL SOLUTIONS

MEDICAL SERVICES

$2.2M

POG MANAGEMENT LLC

MEDICAL SERVICES

$1.6M

Grants received

Showing 2 of 2

FromAmountPurposeYear
$12K
2024
$74K
EQUIPMENT UPGRADE
2018

Funded by

$86K from 2 funders · 2 grants · 2018–2024

American Heart Association Inc

$74K · 1 grant · 2018

Th Kids Inc

$12K · 1 grant · 2024

Details

EIN362181997
NTEE codeE220
Subsection03
Ruling date1939-04
Formed1964
Employees1265
Volunteers72
FREEPORT MEMORIAL HOSPITAL — Mission, Financials & Grants Received | Grantivo