FREEPORT MEMORIAL HOSPITAL
1045 W STEPHENSON ST, FREEPORT, IL 61032 www.fhn.org

Total Revenue
$157,673,978
Total Expenses
$133,086,703
Net Assets
$72,948,965

Organizations Filed Purposes: OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, WORKING TOGETHER WITH THOSE WE SERVE.

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.

OTHER UNCOMPENSATED CARE: THE HOSPITAL IS A LICENSED MEDICARE AND MEDICAID PROVIDER WITH APPROXIMATELLY 71% 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 $7,673,441 AND MEDICAID PATIENTS WAS APPROXIMATELY $8,013,021 FOR THE YEAR ENDING 12/31/2019.

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 $4,643,818 IN 2019. ESTIMATED COSTS OF PROVIDING THESE SERVICES AMOUNTED TO APPROXIMATELY $1,001,138 IN 2019.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Arshad Shaikh MdPHYSICIAN40$612,251
James A KolkaCHIEF PHYSICIAN EXECUTIVE40$377,612
Clarence Parks MdPHYSICIAN40$354,965
Mark S GridleyPRESIDENT/CEO25$306,517
Alan Esker MdPHYSICIAN40$304,417
Maajid Ekkiswala MdPHYSICIAN40$249,021
Irene Markovic MdPHYSICIAN40$247,967
Kathryn J MartinezVP OF PATIENT SERVICE40$209,585
Michael C ClarkEXECUTIVE VP/CFO25$190,809
Leonard CarterHUMAN RESOURCES25$123,851
Michael Merry MdCHAIR PHYSICIANS COUNCEL0.5$0
Beth Kalnins MdMEDICAL STAFF40$0
Robert Geller MdPRESIDENT MEDICAL STAFF0.5$0
Rebecca Pederson MdCHIEF QUALITY OFFICER0.5$0
Mark WrightTREASURER0.5$0
Neal RichardsonVICE CHAIRMAN0.5$0
Shokry Tawfik MdBOARD MEMBER0.5$0
Richard ChangBOARD MEMBER0.5$0
Gary QuinnBOARD MEMBER0.5$0
Heather McphersonSECRETARY0.5$0
Bruce BaldwinDIRECTOR0.5$0
Steven KneubuehlCHAIRMAN0.5$0
Carol SchusterPAST CHAIRMAN0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202032609349300823_public.xml