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.
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.
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
Expenses
People
25 listed
MARK GRIDLEY
PRESIDENT/CEO
$364K
25 hrs/wk
MICHAEL C CLARK
EXECUTIVE VP/CFO
$215K
25 hrs/wk
LEONARD CARTER
CHEIF HUMAN RESOURCE OFFICER
$144K
25 hrs/wk
AMY BAKER
BOARD MEMBER
—
0.5 hrs/wk
HEATHER MCPHERSON
CHAIR
—
0.5 hrs/wk
DAN SCHMITT
BOARD MEMBER
—
0.5 hrs/wk
GLENDA KOELLER
BOARD MEMBER
—
0.5 hrs/wk
SHOKRY TAWFIK MD
BOARD MEMBER
—
0.5 hrs/wk
GARY QUINN
BOARD MEMBER
—
0.5 hrs/wk
MARK WRIGHT
BOARD MEMBER
—
0.5 hrs/wk
BRUCE BALDWIN
SECRETARY
—
0.5 hrs/wk
STEVE KNEUBUEHL
TREASURER
—
0.5 hrs/wk
KIMBERLY BEGGIN
BOARD MEMBER
—
0.5 hrs/wk
RICH CHANG
VICE CHAIR
—
0.5 hrs/wk
ARSHAD SHAIKH MD
PHYSICIAN
$697K
40 hrs/wk
CLARENCE PARKS MD
CHIEF MEDICAL OFFICER
$430K
40 hrs/wk
KARENMARIE MEYER MD
PHYSICIAN
$404K
40 hrs/wk
IRENA MARKOVIC MD
PHYSICIAN
$318K
40 hrs/wk
BETH KALNINS MD
PRESIDENT MEDICAL STAFF
$304K
40 hrs/wk
ZACHARY FULTON MD
PHYSICIAN
$294K
40 hrs/wk
KATHRYN J MARTINEZ
CHIEF NURSING OFFICER
$262K
40 hrs/wk
DANIEL LEE MD
PHYSICIAN
$218K
40 hrs/wk
REBECCA PEDERSEN MD
CHEIF QUALITY OFFICE
—
1 hrs/wk
ROBERT GELLER MD
HEAD OF INFECTIOUS DISEASES
—
1 hrs/wk
TIMOTHY JESSEN MD
CHAIR PHYSICIAN COUNCIL
—
0.5 hrs/wk
Independent contractors
FREEPORT EMERGENCY SPECIALISTS LTD
PHYSICIAN SERVICES
CAMELOT RADIOLOGY ASSOCIATES LTD
PHYSICIAN SERVICES
ROCKFORD ANESTHESIOLOGISTS ASSOC
HEALTH CARE
MEDICAL SOLUTIONS
MEDICAL SERVICES
POG MANAGEMENT LLC
MEDICAL SERVICES
Grants received
Showing 2 of 2
Funded by
$86K from 2 funders · 2 grants · 2018–2024
$74K · 1 grant · 2018
$12K · 1 grant · 2024