Freeport Memorial Hospital
Freeport Memorial Hospital reported $169.5 million in revenue and $157.9 million in expenses for calendar year 2024. Of every $100 it spent, $96.99 went to program services, $3.01 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.9% of the total. The highest compensation it reported for one person was $788,822 (PRESIDENT/CEO). 86 people received more than $100,000 in reportable compensation. Revenue rose 8% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $158MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $170MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $788,822 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.50% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 86 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFreeport 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
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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 25.00 hrs/week | $363,701 | $222,913 | $202,208 | $788,822 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $696,938 | $0 | $47,207 | $744,145 |
| CHEIF QUALITY OFFICE Key employee, 1.00 hrs/week | $0 | $433,707 | $57,856 | $491,563 |
| CHIEF MEDICAL OFFICER Key employee, 40.00 hrs/week | $430,116 | $0 | $35,064 | $465,180 |
| CHIEF NURSING OFFICER Key employee, 40.00 hrs/week | $261,916 | $0 | $201,510 | $463,426 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $403,688 | $0 | $30,281 | $433,969 |
| EXECUTIVE VP/CFO Officer, 25.00 hrs/week | $215,070 | $131,817 | $76,874 | $423,761 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $294,409 | $0 | $81,624 | $376,033 |
86 people received more than $100,000 in reportable compensation from Freeport Memorial Hospital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 51,265
- Volunteers Part I, line 672
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| FREEPORT EMERGENCY SPECIALISTS LTD Physician services | $5,253,859 |
| CAMELOT RADIOLOGY ASSOCIATES LTD Physician services | $3,350,239 |
| ROCKFORD ANESTHESIOLOGISTS ASSOC Health care | $2,158,600 |
| MEDICAL SOLUTIONS Medical services | $2,151,408 |
| POG MANAGEMENT LLC Medical services | $1,620,370 |
Individuals listed as contractors are left out. 27 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Freeport Memorial Hospital totaling $96 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Freeport Memorial Hospital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Freeport Memorial Hospital, you can publish a response that is linked from this page.
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Of every $100 Freeport Memorial Hospital spent in 2024, $96.99 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Freeport Memorial Hospital's spending goes to programs?
In calendar year 2024, Freeport Memorial Hospital reported that 97.0% of its $157.9 million in expenses went to program services, 3.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Freeport Memorial Hospital pay its top executive?
The largest total compensation Freeport Memorial Hospital reported for one person in calendar year 2024 was $788,822, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Freeport Memorial Hospital get its money?
Of $169.5 million in revenue in calendar year 2024, 0.4% came from contributions and grants and 98.9% from program service revenue (Form 990, Part VIII).
Is Freeport Memorial Hospital a registered charity?
The IRS lists EIN 36-2181997 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513219349311961 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423259349301117 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322779349300227 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212439349301001 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122599349300017 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032609349300823 · read the filing
All filings for EIN 36-2181997: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.