EIN 36-2181997

Freeport Memorial Hospital (FHN)

IRS 501(c) type
501(c)(3)
Num. employees
1,355
City
Freeport
Year formed
1964
Most recent tax filings
2023-12-01
NTEE code, primary
Description
FHN is committed to the health and well-being of the people of northwest Illinois and southern Wisconsin. We have services nearby for all ages, so every member of your family can receive caring, personal, professional healthcare.
Total revenues
$175,350,247
2023
Total expenses
$154,123,019
2023
Total assets
$101,724,533
2023
Num. employees
1,355
2023

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

NameTitleCompensation
Mark GridleyBoard Member$457,856
Michael C ClarkChief Financial Officer$260,346
Leonard CarterChief Human Resources Officer$179,260
Kathryn J MartinezVice President of Patient Service$338,247
Michael PerryPresident and Chief Executive Officer$368,655

Financials for FHN

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,169,171
Program services$173,534,554
Investment income and dividends$640,522
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$6,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$175,350,247

Form 990s for FHN

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-20990View PDF
2022-122023-10-04990View PDF
2021-122022-08-31990View PDF
2020-122021-09-16990View PDF
2019-122021-02-17990View PDF
...and 10 more Form 990s

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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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