2025-11-17T12:53:19-06:00 2024-12-31 990 2024-01-01 362181997 FREEPORT MEMORIAL HOSPITAL FREE 8155996209 1045 W STEPHENSON ST FREEPORT IL 61032 MICHAEL C CLARK CHIEF FINANCIAL OFFICER 8155996361 2025-11-17 0 0 2024 2025-03-06 01:10:19Z MARK S GRIDLEY 1045 W STEPHENSON ST FREEPORT IL 61032 169507199 0 X WWW.FHN.ORG X 1964 IL OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, WORKING TOGETHER WITH THOSE WE SERVE. 11 11 1265 72 25334 24334 1169171 714486 173534554 167667166 646522 1125547 0 0 175350247 169507199 0 0 0 0 55391773 55324921 0 0 0 98731246 102573984 154123019 157898905 21227228 11608294 101724533 89353656 31124738 31519581 70599795 57834075 X SEE SCHEDULE O 0 0 85213947 124914729 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. 65267439 42148498 OTHER UNCOMPENSATED CARE: THE HOSPITAL IS A LICENSED MEDICARE AND MEDICAID PROVIDER WITH APPROXIMATELLY 75% 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 $13,424,896 AND MEDICAID PATIENTS WAS APPROXIMATELY $9,694,045 FOR THE YEAR ENDING 12/31/2024. 2659632 596150 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 $2,659,632 IN 2024. ESTIMATED COSTS OF PROVIDING THESE SERVICES AMOUNTED TO APPROXIMATELY $596,150 IN 2024. 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. 153141018 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 91 0 1 1265 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MICHAEL CLARK CFO 8155996209 1045 W STEPHENSON STREET FREEPORT IL 61032 HEATHER MCPHERSON CHAIR 0.50 X 0 0 0 RICH CHANG VICE CHAIR 0.50 X 0 0 0 STEVE KNEUBUEHL TREASURER 0.50 X 0 0 0 BRUCE BALDWIN SECRETARY 0.50 X 0 0 0 MARK WRIGHT BOARD MEMBER 0.50 X 0 0 0 GARY QUINN BOARD MEMBER 0.50 X 0 0 0 SHOKRY TAWFIK MD BOARD MEMBER 0.50 X 0 0 0 GLENDA KOELLER BOARD MEMBER 0.50 X 0 0 0 DAN SCHMITT BOARD MEMBER 0.50 X 0 0 0 AMY BAKER BOARD MEMBER 0.50 X 0 0 0 KIMBERLY BEGGIN BOARD MEMBER 0.50 X 0 0 0 MARK GRIDLEY PRESIDENT/CEO 25.00 15.00 X 363701 222913 202208 MICHAEL C CLARK EXECUTIVE VP/CFO 25.00 15.00 X 215070 131817 76874 LEONARD CARTER CHEIF HUMAN RESOURCE OFFICER 25.00 15.00 X 144204 88383 49384 BETH KALNINS MD PRESIDENT MEDICAL STAFF 40.00 X 304382 0 34119 REBECCA PEDERSEN MD CHEIF QUALITY OFFICE 1.00 40.00 X 0 433707 57856 ROBERT GELLER MD HEAD OF INFECTIOUS DISEASES 1.00 40.00 X 0 239264 43868 TIMOTHY JESSEN MD CHAIR PHYSICIAN COUNCIL 0.50 40.00 X 0 303002 52848 CLARENCE PARKS MD CHIEF MEDICAL OFFICER 40.00 X 430116 0 35064 KATHRYN J MARTINEZ CHIEF NURSING OFFICER 40.00 X 261916 0 201510 ARSHAD SHAIKH MD PHYSICIAN 40.00 X 696938 0 47207 KARENMARIE MEYER MD PHYSICIAN 40.00 X 403688 0 30281 ZACHARY FULTON MD PHYSICIAN 40.00 X 294409 0 81624 IRENA MARKOVIC MD PHYSICIAN 40.00 X 318011 0 50651 DANIEL LEE MD PHYSICIAN 40.00 X 218143 0 57148 3650578 1419086 1020642 86 0 1 0 FREEPORT EMERGENCY SPECIALISTS LTD 1200 HARGER RD STE 408 OAK BROOK IL 60523 PHYSICIAN SERVICES 5253859 CAMELOT RADIOLOGY ASSOCIATES LTD 3849 N PERRYVILLE RD ROCKFORD IL 61108 PHYSICIAN SERVICES 3350239 ROCKFORD ANESTHESIOLOGISTS ASSOC 2202 HARLEM RD STE 200 LOVES PARK IL 61111 HEALTH CARE 2158600 MEDICAL SOLUTIONS PO BOX 850737 MINNEAPOLIS MN 55485 MEDICAL SERVICES 2151408 POG MANAGEMENT LLC PO BOX 1086 DUBUQUE IA 52001 MEDICAL SERVICES 1620370 27 714486 714486 PATIENT REVENUE 621400 156758240 156732906 25334 PROVIDER TAX REVENUE 621400 10742899 10742899 OTHER INCOME 621400 119363 119363 GOVERNMENT PAYMENT 621400 39011 39011 CAFETERIA REVENUE 621400 6469 6469 1184 1184 167667166 1108002 1108002 17545 0 17545 17545 17545 169507199 167659377 25334 1108002 X 2189488 1262864 926624 42161216 40743914 1417302 7791299 7739941 51358 3182918 2996728 186190 12857 12857 102057 102057 134601 134601 1510905 1510905 90525 75603 14922 190458 84125 106333 3656616 3569499 87117 1240279 1240279 MEDICAL SPECIALIST 15497478 15497478 DRUGS 14989004 14989004 CORPORATE ALLOCATION 14354970 14354970 CONTRACTED SERVICES 12032140 11771633 260507 38762094 37304075 1458019 157898905 153141018 4757887 0 -1 42627699 31138940 21828524 22445272 1762214 1756729 2866065 3020644 3141019 2827825 109026427 90206955 18738646 18819472 4184816 2381872 6575551 6962902 101724533 89353656 23771260 23759281 7353478 7760300 31124738 31519581 X 68562934 55675329 2036861 2158746 70599795 57834075 101724533 89353656 X 11608294 -23188 -461 -24350365 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 35234 35234 0 PART II-B, LINE 1: PORTION OF 2024 ILLINOIS HOSPITAL ASSOCIATION DUES USED FOR LOBBYING - $26,705. PORTION OF 2024 AMERICAN HOSPITAL ASSOCIATION DUES USED FOR LOBBYING - $8,529. 944945 944945 58428049 47898164 10529885 2289884 1897622 392262 46591276 39650621 6940655 772273 760548 11725 18819472 FMH CLAIMS INSURANCE RECEIVABLE 3361880 SECURITY DEPOSIT 2875103 ROU LEASE 725919 6962902 ACCRUED MALPRACTICE LIABILITY 1173639 ASSET RETIREMENT OBILGATION 1685777 MALPRACTICE LIABILITY LONG TERM 4148639 OTHER LIABILITY 22708 ST LEASE LIABILITY 391814 LT LEASE LIABILITY 337723 7760300 1 1 1 X 1 X 1 1 0 1 1 642352 642352 0.00410 31162402 21468357 9694045 0.06140 31804754 21468357 10336397 0.06550 251522 814 250708 0.00160 274177 274177 0.00170 213585 213585 0.00140 42005 42005 0.00030 781289 814 780475 0.00500 32586043 21469171 11116872 0.07050 45698 45698 0.00030 45698 45698 0.00030 1 2741058 20680141 34105037 -13424896 X 1 1 1 1 FREEPORT MEMORIAL HOSPITAL 1045 W STEPHENSON ST FREEPORT IL 61032 WWW.FHN.ORG X X X FREEPORT MEMORIAL HOSPITAL 1 0 0 1 X X X X X X X X X 22 1 0 0 1 X WWW.FHN.ORG X 1 22 1 WWW.FHN.ORG 0 1 X 125.000000000000 300.000000000000 X X X X X X 1 1 X X X 1 X WWW.FHN.ORG X WWW.FHN.ORG X WWW.FHN.ORG X X X X X 1 X X 1 X X X X 1 X 0 0 PART I, LINE 7: SCHEDULE H PART I LINE 7 COLUMN(F): OUR TOTAL EXPENSES FROM FORM 990, PART IX, LINE 25, COLUMN(A) WAS $157,898,905. THE BAD DEBT EXPENSE INCLUDED IN THIS AMOUNT WAS $11,292,455 THIS LEFT US WITH A TOTAL EXPENSE OF $146,606,450 FOR PURPOSES OF CALCULATING LINE 7, COLUMN(F). PART I, LN 7 COL(F): SCHEDULE H PART I LINE 7: OUR TOTAL EXPENSES FROM FORM 990, PART IX, LINE 25, COLUMN(A) $157,898,905. THE BAD DEBT EXPENSES INCLUDED IN THIS AMOUNT WAS $11,292,455. THIS LEFT US A TOTAL EXPENSES OF $146,606,450 FOR THE PURPOSES OF CALCULATING LINE 7, COLUMN(F). SCHEDULE H PART 1 LINE 6A: ANNUAL COMMUNITY BENEFIT REPORT - OUR ANNUAL COMMUNITY BENEFIT REPORT IS PREPARED FOR THE FHN NETWORK AS A WHOLE AND IS INCLUDED AS A NON-AUDITED SCHEDULE ON THE AUDITED FINANCIAL STATEMENTS. PART III, LINE 4: LINE #2: THE RATIO OF PATIENT CARE COST TO CHARGES AS DETERMINED ON WORKSHEET 2 IS APPLIED TO THE BAD DEBT ATTRIBUTABLE TO PATIENT ACCOUNTS TO CALCULATE THE ESTIMATED COST OF BAD DEBT ATTRIBUTABLE TO PATIENT ACCOUNTS THAT IS REPORTED ON LINE 2.LINE # 3: NO BAD DEBT IS ATTRIBUTABLE TO PATIENTS ELIGIBLE UNDER THE CHARITY CARE POLICY. PART III, LINE 8: COSTING METHODOLOGY: MEDICARE ALLOWABLE COSTS WERE CALCULATED USING THE MEDICARE COST-TO-CHARGE RATIO FROM OUR FILED 12/31/24 MEDICARE COST REPORT.COMMUNITY BENEFIT: WE BELIEVE THAT ALL OF THE 13.42 MILLION SHORTFALL SHOULD BE CONSIDERED AS COMMUNITY BENEFIT. THE IRS COMMUNITY BENEFIT STANDARD INCLUDES THE PROVISION OF CARE OF THE ELDERLY AND MEDICARE PATIENTS. MEDICARE SHORTFALLS MUST BE ABSORDED BY THE HOSPITAL IN ORDER TO CONTINUE TREATING THE ELDERLY IN OUR COMMUNITY. THIS YEAR, MEDICARE ACCOUNTED FOR 58% OF HOSPITAL REVENUES. THE HOSPITAL PROVIDES CARE REGARDLESS OF THIS SHORTFALL AND THEREBY RELIEVES THE GOVERNMENT OF THE BURDEN OF PAYING THE FULL COST OF MEDICARE BENEFICIARIES. PART III, LINE 9B: INDIVIDUALS APPROVED FOR ASSISTED CARE ARE GIVEN A CARD WHICH IS TYPICALLY VALID FOR 6 MONTHS. THEY PRESENT THE CARD WHEN THEY RECEIVE SERVICES. INDIVIDUALS APPROVED FOR ASSISTED CARE WILL BE ASKED TO MAKE A MODEST CO-PAY AT THE TIME OF SERVICE, BASED ON THE FOLLOWING SCHEDULE:HOSPITAL INPATIENT SERVICES: $50HOSPITAL EMERGENCY DEPARTMENT: $35HOSPITAL OUTPATIENT SERVICES: $25OUR COLLECTION POLICIES ARE THE SAME FOR ALL OF OUR PATIENTS. PATIENTS ARE SCREENED FOR ELIGIBILITY FOR FINANCIAL ASSISTANCE BEFORE COLLECTION PROCEDURES BEGIN. IF AT ANY POINT IN THE COLLECTION PROCESS, DOCUMENTATION IS RECEIVED THAT INDICATES THE PATIENT IS POTENTIALLY ELIGIBLE FOR FINANCIAL ASSISTANCE BUT HAS NOT APPLIED FOR IT, AN APPLICATION FOR ASSISTED CARE IS SENT TO THE PATIENT. AFTER A PATIENT MEETS THE QUALIFICATIONS FOR FINANCIAL ASSISTANCE, THE ACCOUNT BALANCE IS EITHER PARTIALLY OR ENTIRELY WRITTEN OFF. ANY REMAINING BALANCE WOULD BE COLLECTED UNDER THE EXISTING DEBT COLLECTION POLICY. COVERAGE FOR THE ASSISTED CARE PROGRAM IS FOR 6 MONTHS AFTER WHICH TIME PATIENTS CAN REAPPLY IF THEY CONTINUE TO MEET THE GUIDELINES ESTABLISHED. PART VI, LINE 7, REPORTS FILED WITH STATES IL 1 X X X X X 0 1 0 0 0 0 0 0 0 MARK GRIDLEY PRESIDENT/CEO 330531 202583 0 0 33170 20330 93885 57542 31484 19297 489070 299752 0 0 MICHAEL C CLARK EXECUTIVE VP/CFO 165207 101256 0 0 49863 30561 18658 11435 29004 17777 262732 161029 0 0 LEONARD CARTER CHEIF HUMAN RESOURCE OFFICER 131804 80783 0 0 12400 7600 0 0 30618 18766 174822 107149 0 0 BETH KALNINS MD PRESIDENT MEDICAL STAFF 304137 0 245 0 0 0 0 0 34119 0 338501 0 0 0 REBECCA PEDERSEN MD CHEIF QUALITY OFFICE 0 394157 0 9050 0 30500 0 9659 0 48197 0 491563 0 0 ROBERT GELLER MD HEAD OF INFECTIOUS DISEASES 0 167336 0 42277 0 29651 0 7413 0 36455 0 283132 0 0 TIMOTHY JESSEN MD CHAIR PHYSICIAN COUNCIL 0 259841 0 12661 0 30500 0 30881 0 21967 0 355850 0 0 CLARENCE PARKS MD CHIEF MEDICAL OFFICER 391666 0 0 0 38450 0 32252 0 2812 0 465180 0 0 0 KATHRYN J MARTINEZ CHIEF NURSING OFFICER 242480 0 0 0 19436 0 158340 0 43170 0 463426 0 0 0 ARSHAD SHAIKH MD PHYSICIAN 696938 0 0 0 0 0 7010 0 40197 0 744145 0 0 0 KARENMARIE MEYER MD PHYSICIAN 384554 0 0 0 19134 0 7923 0 22358 0 433969 0 0 0 ZACHARY FULTON MD PHYSICIAN 252144 0 11765 0 30500 0 34793 0 46831 0 376033 0 0 0 IRENA MARKOVIC MD PHYSICIAN 282806 0 15605 0 19600 0 9800 0 40851 0 368662 0 0 0 DANIEL LEE MD PHYSICIAN 187643 0 0 0 30500 0 10663 0 46485 0 275291 0 0 0 GARY QUINN BOARD OF DIRECTORS 91357 GARY QUINN DAUGHTER-IN-LAW WORKS FOR THE ORGANIZATION 0 MICHAEL CLARK CHIEF FINANCIAL OFFICER 59635 MICHAEL CLARK DAUGHTER WORKS FOR THE ORGANIZATION 0 BRUCE BALDWIN BOARD OF DIRECTORS 35866 BRUCE BALDWIN SISTER IS EMPLOYED BY THE ORGANIZATION 0 BRUCE BALDWIN BOARD OF DIRECTORS 58382 BRUCE BALDWIN NIECE IS EMPLOYED BY THE ORGANIZATION 0 KATHRYN MARTINEZ CHIEF OPERATING OFFICER/CHIEF NURSING OFFICER 163661 SPOUSE WORKS FOR ORGANIZATION 0 PART III LINE 1 FHN IS REGIONAL HEALTHCARE SYSTEM COMMITTED TO THE HEALTH AND WELL-BEING OF THE PEOPLE OF NORTHWEST ILLINOIS AND SOUTHERN WISCONSIN. WE HAVE SERVICES FOR ALL AGES, SO EVERY MEMBER OF YOUR FAMILY CAN RECEIVE CARING, PERSONAL, PROFESSIONAL HEALTHCARE. AN AVERAGE OF 1,494 PEOPLE VISIT FHN EACH DAY FOR THEIR HEALTHCARE NEEDS (THAT'S MORE THAN 547,000 PATIENTS PER YEAR). FHN IS THE ONLY HEALTHCARE PROVIDER IN OUR SERVICE AREA THAT OFFERS AFFILIATIONS WITH THREE MAJOR HOSPITALS IN ROCKFORD, ILLINOIS, AS WELL AS WITH THE UNIVERSITY OF WISCONSIN HOSPITAL AND CLINICS IN MADISON, WISCONSIN. WE SEE EACH PATIENT INTERACTION AS A SERIOUS RESPONSIBILITY THAT REQUIRES CLINICAL EXPERTISE, ACCESS TO THE LATEST IN MEDICAL TECHNOLOGY AND A LEVEL OF TRUST AND COMMITMENT THAT IS EARNED BY OUR PEOPLE, OUR PRODUCTS AND OUR PROCESS. ABOUT FHN MEMORIAL HOSPITAL: 100 LICENSED BED. 24-HOUR EMERGENCY CARE. EICU UNIT, LINKING OUR EXPERIENCED, CARING STAFF ROUND-THE-CLOCK WITH THE UNIVERSITY OF WISCONSIN E-CARE TEAM OF PROFESSIONAL INTENSIVISTS AND CRITICAL CARE NURSES. SATELLITE EDUCATION CENTER FOR THE ILLINOIS POISON CONTROL CENTER (ONE OF ONLY 12 IN THE STATE OF ILLINOIS). OVER 75 PHYSICIANS ON THE ACTIVE AND ASSOCIATED MEDICAL STAFF - 100% ARE BOARD-CERTIFIED OR BOARD-ELIGIBLE. UP-TO-THE-MINUTE EQUIPMENT AND SERVICES, INCLUDING A CARDIOVASCULAR CENTER. SURGERY CAPABILITIES FOR PROCEDURES RANGING FROM A SIMPLE TONSILLECTOMY TO SOPHISTICATED VASCULAR SURGERY. SPECIALTY SERVICE AREAS SUCH AS SLEEP CENTER, PAIN CLINIC, SPINE CENTER AND FAMILY BIRTHING CENTER. AS PART OF YOUR COMMUNITY, WE WILL PROVIDE PERSONAL, PROFESSIONAL AND CARING HEALTHCARE FOR YOUR ENTIRE FAMILY. WE WILL PROVIDE OR FIND SERVICES YOU NEED TO MAKE YOUR LIFE BETTER. WE WILL FOLLOW THROUGH AND MAKE SURE YOU ARE SATISFIED. WE ARE COMMITTED TO EXCELLENCE AND YOUR WELL-BEING IS THE REASON FOR OUR EXISTENCE. WE ARE PART OF YOUR COMMUNITY. AND WE WANT TO KEEP IT HEALTHY, BOTH ECONOMICALLY AND PHYSICALLY, AT WORK, AT PLAY, ON THE FARM, AT SCHOOL AND AT HOME. IN 2006, WE FORMED A PARTNERSHIP WITH THE STEPHENSON COUNTY HEALTH DEPARTMENT TO PROVIDE HEALTHCARE SERVICES FOR THE UNINSURED, UNDERINSURED AND MEDICALLY INDIGENT AT THE FHN COMMUNITY HEALTHCARE CENTER, LOCATED AT THE FORMER CRUSADER COMMUNITY CLINIC INSIDE THE HEALTH DEPARTMENT BUILDING. AND IN SUPPORT OF THE LOCAL UNITED WAY, EACH YEAR OUR EMPLOYEES MAKE THEIR PERSONAL CONTRIBUTIONS, AVERAGING OVER $15,000, AND ALSO SERVE IN LEADERSHIP POSITIONS FOR MANY COMMUNITY ORGANIZATIONS AND BOARDS. FHN IS A COMMUNITY HEALTHCARE SYSTEM, COMPRISED OF LOCAL EXPERTS, INSPIRED BY GLOBAL INNOVATION AND GROUNDED BY ETHICAL LEADERSHIP. FREEPORT MEMORIAL HOSPITAL COORDINATES AND INTEGRATES MEDICAL CARE SERVICES AND PROVIDES INDIVIDUALS IMPARTIAL ACCESS TO MEDICAL CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, OR SOURCE OF PAYMENT. THE HOSPITAL PROVIDES MEDICALLY NECESSARY CARE TO PATIENTS REGARDLESS OF ABILITY TO PAY. THE HOSPITAL QUALIFIES AS A MEDICARE DISPROPORTIONATE SHARE HOSPITAL BECAUSE IT SERVES A DISPROPORTIONATELY HIGH NUMBER OF LOW INCOME PATIENTS. INSURED AND UNDERINSURED PATIENTS, WHO MEET CERTAIN FEDERAL POVERTY GUIDELINES AND/OR OTHER UNIQUE CIRCUMSTANCES, ARE PROVIDED FREE OR DISCOUNTED CARE AFTER A NOMINAL CO-PAYMENT. BECAUSE THE HOSPITAL DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO BE CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE. THE HOSPITAL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE AMOUNT OF CHARITY CARE IT PROVIDES. DURING 2024, THE CHARGES FOREGONE FOR SERVICES AND SUPPLIES FURNISHED UNDER THE HOSPITAL'S CHARITY CARE POLICY WAS $2,659,632 AT A COST OF $596,150. FREEPORT MEMORIAL HOSPITAL IS A LICENSED MEDICARE AND MEDICAID PROVIDER WITH APPROXIMATELY 75% OF ITS PATIENT BASE QUALIFYING FOR AT LEAST ONE OF THESE PROGRAMS. AT PRESENT, THE REIMBURSEMENT RATES FOR BOTH PROGRAMS DO NOT FULLY COVER THE COST OF CARE TO THESE PATIENTS. THE ESTIMATED UNFUNDED COSTS OF SERVICES FOR MEDICAID PATIENTS WERE APPROXIMATELY $9,694,045 FOR THE YEAR ENDING 12/31/2024. MEDICARE PAYMENTS WERE APPROXIMATELY $13,424,896 LESS THAN THE HOSPITAL'S COST TO PROVIDE CARE DURING THE SAME PERIOD. IN ADDITION, THE COST OF CARE PROVIDED TO PEOPLE WHO DID NOT PAY WAS $2,741,058 IN 2024. FREEPORT MEMORIAL HOSPITAL PROVIDES DISCOUNTS TO UNINSURED PATIENTS WITHOUT REGARD TO THEIR INCOME. THE ESTIMATED COSTS ATTRIBUTABLE TO THE DISCOUNTED PORTION OF THESE SERVICES WERE $384,131 FOR 2024. FREEPORT MEMORIAL HOSPITAL AND ITS RELATED ORGANIZATIONS SUPPORT AND PARTICIPATE IN MANY COMMUNITY SERVICES AND OUTREACH PROGRAMS, INCLUDING SUPPORT FOR COMMUNITY HEALTH EDUCATION PROGRAMS, COMMUNITY-BASED CLINICAL SERVICES, HEALTH PROFESSIONAL EDUCATION, RESEARCH, SPONSORSHIP OF COMMUNITY EVENTS, AND COMMUNITY-BUILDING ACTIVITIES. THE HOSPITAL CONTRIBUTED $653,000 TOWARDS THESE PROGRAMS IN 2024. PROGRAM SERVICE EXPENSES: $153,141,018. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S AUDIT COMMITTEE REVIEWS THE FORM 990 BEFORE THE TAX RETURN IS FILED. QUESTIONS AND EXPLANATIONS ARE ANSWERED BY THE FINANCE DEPARTMENT TO THE COMMITTEE'S SATSIFACTION. THE BOARD REVIEWS ALL TRANSACTIONS THAT AFFECT THE FILING OF THE ORGANIZATION'S FORM 990 AND EQUIVALENT STATE RETURNS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A DEDICATED CORPORATE COMPLIANCE OFFICER. ALL MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS, TRUSTEES, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE ANNUALLY A CONFLICT OF INTEREST QUESTIONNAIRE. THESE DOCUMENTS ARE REVIEWED BY THE CCO TO DETERMINE IF ANY INDIVIDUAL HAS A CONFLICT OF INTEREST THAT NEEDS TO BE ADDRESSED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS AN EXECUTIVE COMPENSATION COMMITTEE THAT REVIEWS THE CEO, TOP MANAGEMENT AND EXECUTIVE DIRECTORS COMPENSATION. THE COMMITTEE RELIES ON INTERNAL AND EXTERNAL INFORMATION TO DETERMINE THE APPROPRIATE COMPENSATION AND EMPLOYS AN INDEPENDENT THIRD PARTY TO CONDUCT THE ANNUAL EXECUTIVE COMPENSATION ANALYSIS. THIS ANALYSIS IS USED TO DETERMINE IF THE BOARD'S WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY HAS BEEN MET. THE EXECUTIVE COMPENSATION COMMITTEE ALSO RECEIVES A REASONABLENESS LETTER FROM THE THIRD PARTY. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 24E BAD DEBTS: PROGRAM SERVICE EXPENSES 11,292,455. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,292,455. SUPPLIES: PROGRAM SERVICE EXPENSES 10,552,442. MANAGEMENT AND GENERAL EXPENSES 204,264. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,756,706. PROVIDER TAX: PROGRAM SERVICE EXPENSES 6,087,260. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,087,260. AGENCY STAFFING: PROGRAM SERVICE EXPENSES 4,872,702. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,872,702. MAINTENANCE & REPAIRS: PROGRAM SERVICE EXPENSES 3,408,619. MANAGEMENT AND GENERAL EXPENSES 213,090. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,621,709. EQUIPMENT RENTALS: PROGRAM SERVICE EXPENSES 1,121,794. MANAGEMENT AND GENERAL EXPENSES 20,389. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,142,183. COLLECTION FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 857,391. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 857,391. FOOD: PROGRAM SERVICE EXPENSES 206,225. MANAGEMENT AND GENERAL EXPENSES 13,391. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 219,616. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 102,619. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,619. MISC OTHER EXPENSES: PROGRAM SERVICE EXPENSES -237,422. MANAGEMENT AND GENERAL EXPENSES 46,875. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -190,547. FORM 990, PART XI, LINE 9: TRANSFERS FROM AFFILIATE -24,472,251. NET ASSETS RELEASED FROM TEMP RESTRICTIONS -698,029. CONTRIBUTIONS TEMPORARY RESTRICTED 819,915. FREEPORT REGIONAL HEALTH CARE FOUNDATION 1045 WEST STEPHENSON STREET FREEPORT IL 61032 363290904 HEALTH CARE IL 501(C)(3) LINE 11 N/A 0 JANE ADDAMS INC 1045 WEST STEPHENSON STREET FREEPORT IL 61032 362879689 HEALTH CARE IL 501(C)(3) LINE 7 FREEPORT REGIONAL HEALTH CARE FOUNDATION 0 JANE ADDAMS HEALTHCARE SERVICES INC 1045 WEST STEPHENSON STREET FREEPORT IL 61032 363677357 HEALTH CARE IL 501(C)(3) LINE 11 FREEPORT REGIONAL HEALTH CARE FOUNDATION 0 MEMORIAL ENTERPRISES INC 1045 W STEPHENSON ST FREEPORT IL 61032 363353871 HEALTH CARE IL FREEPORT REGIONAL HEALTH CARE FOUNDATION C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0