FREEPORT MEMORIAL HOSPITAL Charity Report

Public IRS 990 nonprofit record

FREEPORT MEMORIAL HOSPITAL

EIN 36-2181997 · Health Care (E220)

What they do

OUR MISSION is to IMPROVE THE HEALTH of OUR COMMUNITIES, WORKING TOGETHER WITH THOSE WE SERVE.

Before you give

Are they doing good?

Easy charity check

Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$93.15spent for every $100 of revenueRevenue covered expenses this year.

$3.00of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.

$0.57in assets for every $1 spent this yearSome assets cannot be spent right away.

0.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $744,145 for ARSHAD SHAIKH MD (PHYSICIAN). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$169,507,199

Expenses$157,898,905

Annual surplus $11,608,294 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$4,757,887 · 3.0% of expenses

Reported executive compensation (total)$738,717 · 0.5% of expenses

See all reported dollar amounts

Revenue$169,507,199

Expenses$157,898,905

Assets$89,353,656

Income$169,507,199

Contributions$714,486

Management and general$4,757,887

Executive compensation (total)$738,717

Accounting fees$102,057

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ARSHAD SHAIKH MDPHYSICIAN · 40 hrs/week $744,145Base $696,938 · Other $47,207

MARK GRIDLEYPRESIDENT/CEO · 25 hrs/week $565,909Base $363,701 · Other $202,208

CLARENCE PARKS MDCHIEF MEDICAL OFFICER · 40 hrs/week $465,180Base $430,116 · Other $35,064

KATHRYN J MARTINEZCHIEF NURSING OFFICER · 40 hrs/week $463,426Base $261,916 · Other $201,510

KARENMARIE MEYER MDPHYSICIAN · 40 hrs/week $433,969Base $403,688 · Other $30,281

ZACHARY FULTON MDPHYSICIAN · 40 hrs/week $376,033Base $294,409 · Other $81,624

IRENA MARKOVIC MDPHYSICIAN · 40 hrs/week $368,662Base $318,011 · Other $50,651

BETH KALNINS MDPRESIDENT MEDICAL STAFF · 40 hrs/week $338,501Base $304,382 · Other $34,119

MICHAEL C CLARKEXECUTIVE VP/CFO · 25 hrs/week $291,944Base $215,070 · Other $76,874

DANIEL LEE MDPHYSICIAN · 40 hrs/week $275,291Base $218,143 · Other $57,148

LEONARD CARTERCHEIF HUMAN RESOURCE OFFICER · 25 hrs/week $193,588Base $144,204 · Other $49,384

REBECCA PEDERSEN MDCHEIF QUALITY OFFICE · 1 hrs/week $57,856Base · Other $57,856

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (25)

ARSHAD SHAIKH MDPHYSICIAN

MARK GRIDLEYPRESIDENT/CEO

CLARENCE PARKS MDCHIEF MEDICAL OFFICER

KATHRYN J MARTINEZCHIEF NURSING OFFICER

KARENMARIE MEYER MDPHYSICIAN

ZACHARY FULTON MDPHYSICIAN

IRENA MARKOVIC MDPHYSICIAN

BETH KALNINS MDPRESIDENT MEDICAL STAFF

MICHAEL C CLARKEXECUTIVE VP/CFO

DANIEL LEE MDPHYSICIAN

LEONARD CARTERCHEIF HUMAN RESOURCE OFFICER

REBECCA PEDERSEN MDCHEIF QUALITY OFFICE

TIMOTHY JESSEN MDCHAIR PHYSICIAN COUNCIL

ROBERT GELLER MDHEAD OF INFECTIOUS DISEASES

HEATHER MCPHERSONCHAIR

AMY BAKERBOARD MEMBER

KIMBERLY BEGGINBOARD MEMBER

BRUCE BALDWINSECRETARY

GLENDA KOELLERBOARD MEMBER

MARK WRIGHTBOARD MEMBER

GARY QUINNBOARD MEMBER

RICH CHANGVICE CHAIR

SHOKRY TAWFIK MDBOARD MEMBER

STEVE KNEUBUEHLTREASURER

DAN SCHMITTBOARD MEMBER

About this charity

Recognized since: January 1939
Location: 1045 W STEPHENSON ST, FREEPORT, IL 61032
County: Stephenson
In care of: MICHAEL C CLARK
Primary officer: MICHAEL C CLARK, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website Emailwecare@fhn.org Phone(815) 599-6209 Officer phone(815) 599-6361

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Health Care (E220)
IRS tax category: General Medical and Surgical Hospitals