Cause IQ organization profile

Freeport Memorial Hospital (FHN)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

FHN is a general hospital based in Freeport, IL that was founded in 1964. As of 2019 they had $155 million in revenue and $99 million in assets.

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.

Fiscal year end:
Revenue trends:
Asset trends:

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 $3,156,935 in 2018. Estimated costs of providing these services amounted to approximately $711,340 in 2018.

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 $6,689,655 and medicaid patients was approximately $8,631,830 for the year ending 12/31/2018.

Form 990s for FHN

Fiscal year endingDate received by IRSFormPDF link
2018-12Nov 8, 2019990View PDF
2017-12Dec 22, 2018990View PDF
2016-12Oct 27, 2017990View PDF
2015-12Dec 19, 2016990View PDF
2014-12Oct 7, 2015990View PDF
...and five more Form 990 PDFs

Financials for FHN

Total grants, contributions, etc.$307,813
Program services$154,587,412
Investment income and dividends$771,167
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$137,419
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$155,803,811

Vendors for FHN

VendorServicesAmount paidDate
Camolot RadiologyRadiology Physicians$2,314,7832018-12-01
█████████ ████Collections Service$747,8602018-12-01
████████ █████████ ███████████Medical Service$2,277,6572018-12-01
████ ███████ ████████████Physician Services$1,010,7652018-12-01
████████████ ███Emergency Dept$3,603,4682018-12-01

Personnel at FHN

NameTitleCompensationMost recent data
Mark GridleyPresident and Chief Executive Officer$284,027July 1, 2020
Michael C ClarkExecutive Vice President and Chief Financial Officer$211,799Nov. 8, 2019
█████ █ █████Chief Physician Executive$339,659Dec. 31, 2018
███████ █ ████████Vice President of Patient Service$218,895Dec. 31, 2018
███████ █ ██████Pharmacy Director-Dec. 31, 2018
█████ ███████Imaging Director$159,104Dec. 31, 2018
███████ █████President and Chief Executive Officer$368,655Dec. 31, 2016

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