NonprofitsFreeport Regional Health Care Found Ation

Health Care

Freeport Regional Health Care Found Ation

FREEPORT, IL

Total revenue

$44.1M

Total expenses

$69.2M

Net assets

$5.3M

Grants received

$1.3M

20 grants

EIN

363290904

Tax year

2023

Mission

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

Programs

3 programs

Other uncompensated care: the foundation is a licensed medicare and medicaid provider with approximately 69% of its patients base qualifying for at least on 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 costs of the services for medicare and medicaid patients was approximately $20,283,502 for the year ending 12/31/2023.

Expenses: $33.8M

Charity care: the foundation provided care benefits up to 300% of the federally determined proverty level. Charges foregone for charity care amounted to approximately $79,830 in 2023. Estimated costs of providing these services amounted to approximately $52,565 in 2023.

Expenses: $80K

Fhn operates and/or supports a variety of community benefit programs that included but were not limited to the following:community health education programs: as part of fhn's commitment to providing health education to area communities, fhn provided numerous community education events and school health programs and support group events. The estimated direct and indirect costs of these programs and development of resources were approximately $27,000.community-based clinical services: as part of fhn's mission to improve health, fhn and the stephenson county health department have partnered to provide primary health care services to anyone in need of medical care at the fhn community healthcare center. Approximately 2,000 patient visits were provided in 2023. Services offered include diagnosis and treatment of common acute illnesses as well as management of chronic health problems, including nurse practitioner exams and consultations, lab tests, x-rays and health education.fhn also provided 2,637 health screens and sports physicals, 387 hours of conditioning and training support and sports medicine trainers at several events. The estimated direct and indirect costs of these programs were approximately $443,000.health care support services: since community members may require different types of assistance, fhn provides information and referral services, translation services and transportation assistance. The estimated direct and indirect costs of these programs were approximately $122,000. Health professional education: fhn supports the training of health care professionals by providing scholarships, clinical settings and supervision to non-fhn employees. The estimated direct and indirect costs of these programs were approximately $269,000.financial contributions: fhn recognizes the importance of giving back to the community through charitable organization and others involved in promoting health and wellness in our community. In 2023, fhn provided support to a number of community groups through direct financial contributions and providing rooms or staff time. The estimated direct and indirect costs of these programs were approximately $42,000.community-building activities: fhn values the contributions and efforts of other organizations in improving the health of our communities. As such, fhn provided financial and in-kind support to assist other local community development organizations. The estimated direct and indirect costs of these programs were approximately $38,000.

Financials

FY 2023

Revenue

Contributions & grants$94K
Program service revenue$43.8M
Investment income$9K
Other revenue$232K
Total revenue$44.1M

Expenses

Grants paid
Salaries & benefits$40.1M
Fundraising$282K
Other expenses$29.1M
Total expenses$69.2M
Total assets$42.2M
Net assets$5.3M

People

24 listed

NameRoleCompensation

MARK S GRIDLEY

PRESIDENT & CEO

Board

$272K

14 hrs/wk

MICHAEL CLARK

EXECUTIVE VP & CFO

Board

$130K

14 hrs/wk

LEONARD M CARTER

VP - HUMAN RESOURCES

Board

$89K

14 hrs/wk

AMY BAKER

BOARD MEMBER

Board

0.5 hrs/wk

NEAL RICHARDSON

CHAIRMAN

Board

0.5 hrs/wk

DAN SCHMITT

BOARD MEMBER

Board

0.5 hrs/wk

GLENDA KOELLER

BOARD MEMBER

Board

0.5 hrs/wk

BETH KALNINS MD

EMPLOYED PHYSICIAN

Board

40 hrs/wk

BRUCE BALDWIN

BOARD MEMBER

Board

0.5 hrs/wk

SHOKRY TAWFIK MD

BOARD MEMBER

Board

50 hrs/wk

GARY QUINN

BOARD MEMBER

Board

0.5 hrs/wk

RICH CHANG

SECRETARY

Board

0.5 hrs/wk

MARK WRIGHT

TREASURER

Board

0.5 hrs/wk

HEATHER MCPHERSON

VICE CHAIRMAN

Board

0.5 hrs/wk

DAMMANN GREGORY

PHYSICIAN

Staff

$984K

40 hrs/wk

BARNES BARRY

PHYSICIAN

Staff

$726K

40 hrs/wk

MADHUSUDAN R MALLADI MD

PHYSICIAN

Staff

$704K

40 hrs/wk

KILARU PRASAD

PHYSICIAN

Staff

$690K

40 hrs/wk

KHAN FARHAN

PHYSICIAN

Staff

$512K

40 hrs/wk

REBECCA PEDERSEN MD

CHIEF QUALITY CONTROL

Staff

$395K

40 hrs/wk

TIMOTHY JESSEN MD

CHAIR PHYSICIAN COUNCIL

Staff

$297K

40 hrs/wk

ROBERT GELLER MD

HEAD OF INFECTIOUS DISEASE

Staff

$224K

40 hrs/wk

CLARENCE PARKS MD

PRESIDENT OF MEDICAL STAFF

Staff

0

KATHRYN MARTINEZ

CNO/COO

Staff

0

Independent contractors

COMPHEALTH

PHYSICIAN SERVICES

$1.5M

NORTHERN ILLINOIS TRAUMA

PHYSICIAN SERVICES

$754K

JACKSON & COKER LOCUM TENNENS LLC

PHYSICIAN SERVICES

$378K

CAMELOT

PHYSICIAN SERVICES

$245K

EXCALIBUR DDPM

COLLECTION SERVICES

$209K

Grants received

Showing 20 of 20

FromAmountPurposeYear
$33K
SUPPORT PAYMENT
2024
$16K
For purposes as specified in a grant application, fund agreement or gift instrument.
2024
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2024
$39K
TO ASSIST THOSE IN NEED
2023
$31K
SUPPORT PAYMENT
2023
$8K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$9K
TO ASSIST WITH PROGR
2022
$253K
For grant recipient's exempt purposes
2021
$253K
For grant recipient's exempt purposes
2021
$9K
TO ASSIST WITH PROGR
2021
$5K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2020
$19K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2019
$10K
FOR PURPOSES AS SPECIFIED IN A GRANT APPLICATION, FUND AGREEMENT OR GIFT INSTRUMENT
2017

Funded by

$1.3M from 8 funders · 20 grants · 2017–2024

Donor Advised Charitable Giving Inc

$574K · 6 grants · 2018–2023

Gerald K Meier Charitable Trust

$64K · 2 grants · 2023–2024

Community Foundation of Northern IL

$50K · 4 grants · 2017–2024

Good360

$39K · 1 grant · 2023

United Way Of Northwest Illinois

$18K · 2 grants · 2021–2022

The Us Charitable Gift Trust

$16K · 2 grants · 2023–2024

Details

EIN363290904
NTEE codeE110
Subsection03
Ruling date1985-07
Formed1984
Employees0
Volunteers0
FREEPORT REGIONAL HEALTH CARE FOUND ATION — Mission, Financials & Grants Received | Grantivo