Program areas at FHN
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.
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 $1,737,908 in 2023. Estimated costs of providing these services amounted to approximately $373,027 in 2023.
Other uncompensated care: the Hospital is a licensed medicare and medicaid provider with approximatelly 72% 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 $11,790,315 and medicaid patients was approximately $9,732,303 for the year ending 12/31/2023.
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.
Personnel at FHN
Name | Title | Compensation | Date of data |
---|
Mark Gridley | Board Member | $457,856 | 2023-06-18 |
Michael C Clark | Chief Financial Officer | $260,346 | 2023-10-04 |
Leonard Carter | Chief Human Resources Officer | $179,260 | 2022-12-31 |
Kathryn J Martinez | Vice President of Patient Service | $338,247 | 2022-12-31 |
Michael Perry | President and Chief Executive Officer | $368,655 | 2016-12-31 |
Financials for FHN
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $1,169,171 | $894,084 | 30.8% |
Program services | $173,534,554 | $167,336,050 | 3.7% |
Investment income and dividends | $640,522 | $488,599 | 31.1% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $6,000 | $166,801 | -96.4% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $175,350,247 | $168,885,534 | 3.8% |
Organizations like FHN
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Sharon Hospital | 501(c)(3) | Sharon, CT | $49,599,644 |
Adventhealth Daytona Beach | 501(c)(3) | Daytona Beach, FL | $543,759,757 |
Tamarack Health Ashland Medical Center (MMC) | 501(c)(3) | Ashland, WI | $155,117,035 |
Essentia Health Duluth | 501(c)(3) | Duluth, MN | $701,753,513 |
Mississippi Baptist Medical Center | 501(c)(3) | Jackson, MS | $487,779,814 |
Southern Ohio Medical Center (SOMC) | 501(c)(3) | Portsmouth, OH | $520,006,767 |
Fisher Titus Medical Center | 501(c)(3) | Norwalk, OH | $167,162,682 |
Cabell Huntington Hospital | 501(c)(3) | Huntington, WV | $821,644,373 |
Mount Desert Island Hospital | 501(c)(3) | Bar Harbor, ME | $85,474,752 |
Shenandoah Medical Center | 501(c)(3) | Shenandoah, IA | $59,686,065 |
Data update history
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 18, 2023
Updated personnel
Identified 2 new personnel
May 18, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
HospitalsHealth organizationsHeadquarter / parent organizations
Issues
Health
Characteristics
LobbyingState / local levelTax deductible donationsAccepts online donations
General information
- Address
- 1045 W Stephenson St
- Freeport, IL 61032
- County
- Stephenson County, IL
- Website URL
- fhn.org/
- Phone
- (815) 599-6209
IRS details
- EIN
- 36-2181997
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1964
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- E22: Hospital, General
- NAICS code, primary
- 622: Hospitals
- Parent/child status
- Central organization
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