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Nonprofit · EIN 36-2181997

FREEPORT MEMORIAL HOSPITAL

Also known as FHN MEMORIAL HOSPITAL

Tax-exempt · FREEPORT, IL 61032

Financials

$175.4M$154.1M2023$169.5M$157.9M2024
Revenue Expenses · by fiscal year end
Financials of FREEPORT MEMORIAL HOSPITAL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$169,507,199$157,898,905$11,608,294$89,353,656$31,519,581$57,834,075
December 31, 2023990$175,350,247$154,123,019$21,227,228$101,724,533$31,124,738$70,599,795
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$714,486
Program service revenue
$167,667,166
Investment income
$1,125,547
Net gain from sales of assets
$17,545
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$2,189,488
Other salaries and wages
$42,161,216
Salaries, compensation and benefits (total)
$55,324,921
Professional fundraising fees
$0
Legal fees
$12,857
Accounting fees
$102,057
Occupancy
$1,510,905
Travel
$90,525
Depreciation
$3,656,616
Program services (functional)
$153,141,018
Management and general (functional)
$4,757,887

Balance sheet and other

Total assets, start of year
$101,724,533
Total assets, end of year
$89,353,656
Total liabilities, end of year
$31,519,581
Net assets, end of year
$57,834,075
Land, buildings and equipment
$18,819,472
Net assets without donor restrictions
$55,675,329
Net assets with donor restrictions
$2,158,746
Gross unrelated business income
$25,334
Gross receipts
$169,507,199
Employees
1,265
Volunteers
72
Year formed
1964
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK GRIDLEYPRESIDENT/CEO
Officer
25$363,701$222,913$202,208
ARSHAD SHAIKH MDPHYSICIAN
Highest-paid employee
40$696,938$0$47,207
REBECCA PEDERSEN MDCHEIF QUALITY OFFICE
Key employee
1$0$433,707$57,856
CLARENCE PARKS MDCHIEF MEDICAL OFFICER
Key employee
40$430,116$0$35,064
KATHRYN J MARTINEZCHIEF NURSING OFFICER
Key employee
40$261,916$0$201,510
KARENMARIE MEYER MDPHYSICIAN
Highest-paid employee
40$403,688$0$30,281
MICHAEL C CLARKEXECUTIVE VP/CFO
Officer
25$215,070$131,817$76,874
ZACHARY FULTON MDPHYSICIAN
Highest-paid employee
40$294,409$0$81,624
IRENA MARKOVIC MDPHYSICIAN
Highest-paid employee
40$318,011$0$50,651
TIMOTHY JESSEN MDCHAIR PHYSICIAN COUNCIL
Key employee
0.5$0$303,002$52,848
BETH KALNINS MDPRESIDENT MEDICAL STAFF
Key employee
40$304,382$0$34,119
ROBERT GELLER MDHEAD OF INFECTIOUS DISEASES
Key employee
1$0$239,264$43,868
LEONARD CARTERCHEIF HUMAN RESOURCE OFFICER
Officer
25$144,204$88,383$49,384
DANIEL LEE MDPHYSICIAN
Highest-paid employee
40$218,143$0$57,148
HEATHER MCPHERSONCHAIR
Trustee or director
0.5$0$0$0
10 more people on this return
NameTitleHours / weekCompensation
RICH CHANGVICE CHAIR
Trustee or director
0.5$0
STEVE KNEUBUEHLTREASURER
Trustee or director
0.5$0
BRUCE BALDWINSECRETARY
Trustee or director
0.5$0
MARK WRIGHTBOARD MEMBER
Trustee or director
0.5$0
GARY QUINNBOARD MEMBER
Trustee or director
0.5$0
SHOKRY TAWFIK MDBOARD MEMBER
Trustee or director
0.5$0
GLENDA KOELLERBOARD MEMBER
Trustee or director
0.5$0
DAN SCHMITTBOARD MEMBER
Trustee or director
0.5$0
AMY BAKERBOARD MEMBER
Trustee or director
0.5$0
KIMBERLY BEGGINBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK S GRIDLEYPRESIDENT/CEO
Officer
25$455,110$278,939$64,203
ARSHAD SHAIKH MDPHYSICIAN
Highest-paid employee
40$696,233$0$31,828
CLARENCE PARKS MDPRESIDENT MEDICAL STAFF
Key employee
40$509,041$0$20,230
REBECCA PEDERSEN MDCHIEF QUALITY OFFICER
Key employee
1$0$394,511$36,663
MICHAEL C CLARKEXECUTIVE VP/CFO
Officer
25$218,321$133,810$60,154
KARENMARIE MEYER MDPHYSICIAN
Highest-paid employee
40$360,890$0$14,936
IRENA MARKOVIC MDPHYSICIAN
Highest-paid employee
40$343,054$0$30,986
ZACHARY FULTONPHYSICIAN
Highest-paid employee
40$284,529$0$57,368
TIMOTHY JESSEN MDCHAIR PHYSICIAN COUNCIL
Key employee
0.5$0$297,480$38,969
DANIEL LEE MDPHYSICIAN
Highest-paid employee
40$278,250$0$44,331
BETH KALNINS MDMEDICAL STAFF
Trustee or director
40$272,722$0$27,649
KATHRYN J MARTINEZVP OF PATIENT SERVICE
Key employee
40$263,293$0$35,121
LEONARD CARTERCHIEF HUMAN RESOURCES OFFICER
Officer
25$148,628$91,089$38,838
ROBERT GELLER MDHEAD OF INFECTIOUS DISEASES
Key employee
1$0$224,442$27,962
NEAL RICHARDSONCHAIRMAN
Trustee or director
0.5$0$0$0
HEATHER MCPHERSONVICE CHAIRMAN
Trustee or director
0.5$0$0$0
MARK WRIGHTTREASURER
Trustee or director
0.5$0$0$0
RICH CHANGSECRETARY
Trustee or director
0.5$0$0$0
GARY QUINNBOARD MEMBER
Trustee or director
0.5$0$0$0
SHOKRY TAWFIK MDBOARD MEMBER
Trustee or director
0.5$0$0$0
BRUCE BALDWINBOARD MEMBER
Trustee or director
0.5$0$0$0
GLENDA KOELLERBOARD MEMBER
Trustee or director
0.5$0$0$0
DAN SCHMITTBOARD MEMBER
Trustee or director
0.5$0$0$0
AMY BAKERBOARD MEMBER
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
1045 W STEPHENSON ST, FREEPORT, IL 61032-4864
Principal officer (990 for 2024)
MARK S GRIDLEY, 1045 W STEPHENSON ST, FREEPORT, IL 61032
Signed the 990
MICHAEL C CLARK, CHIEF FINANCIAL OFFICER
Phone
(815) 599-6209

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • FREEPORT MEMORIAL HOSPITAL PROVIDES INPATIENT AND OUTPATIENT HOSPITAL SERVICES TO PATIENTS IN FIVE NORTHWESTERN ILLINOIS COUNTIES. THE HOSPITAL ENSURES CONTINIUED ACCESS TO CARE BY SERVING PATIENTS IN MEDICALLY UNDERSERVED AREAS. THE HOSPITAL QUALIFIES AS A MEDICARE DISPROPORTIONATE SHARE HOSPITAL BECAUSE IT SERVES A DISPROPORTIONATELY HIGH NUMBER OF LOW-INCOME PATIENTS.
    Expenses $85,213,947 · revenue $124,914,729
  • 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 $65,267,439 · revenue $42,148,498
  • 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 $2,659,632 · revenue $596,150
  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-2181997
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1939
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$89,353,656
Income (IRS master file)
$169,507,199

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$169,507,199$157,898,905$89,353,656XML
990-TDecember 2024–––IRS
990December 2023$175,350,247$154,123,019$101,724,533XML
990-TDecember 2023–––IRS
990December 2022$168,885,534$152,350,876$106,715,723IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-2181997).

Questions about FREEPORT MEMORIAL HOSPITAL

What is the EIN of FREEPORT MEMORIAL HOSPITAL?
The employer identification number (EIN) of FREEPORT MEMORIAL HOSPITAL is 36-2181997.
Is FREEPORT MEMORIAL HOSPITAL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1939.
Are donations to FREEPORT MEMORIAL HOSPITAL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEPORT MEMORIAL HOSPITAL file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FREEPORT MEMORIAL HOSPITAL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEPORT MEMORIAL HOSPITAL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FREEPORT MEMORIAL HOSPITAL?
The 990 for the year ended December 31, 2024 names MARK S GRIDLEY.
Who are the officers and directors of FREEPORT MEMORIAL HOSPITAL?
The 990 for the year ended December 31, 2024 lists 25 people; 11 received compensation from the organization, the highest $363,701 (MARK GRIDLEY, PRESIDENT/CEO).
How much revenue does FREEPORT MEMORIAL HOSPITAL have?
On its 990 for the year ended December 31, 2024 it reported revenue of $169,507,199, expenses of $157,898,905 and total assets of $89,353,656 at year end.

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