Why Freeport Memorial Hospital
FY2024 · Form 990Its mission and biggest programs, as filedImproves community health by working collaboratively with those served.
- 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…$85.2M spent in FY2024
- 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…$65.3M spent in FY2024
- 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…$2.7M spent in FY2024
Before you apply
FY2024 · Form 990Independent: from IRS data, not the orgPays its leaders
$144K–$697K
11 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$157.9M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
1,097
employees
Fine: from the org's Form 990.
Pt I · Ln 5–6
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Surplus or deficit
+7%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
4 mo
of spending, in cash and securities
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
IRS status
501(c)(3)
tax-exempt since 1939
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.
About Freeport Memorial Hospital
From its Form 990- Budget $169.5M · Health Care
- Staff 1,097 · founded 1964
- Pays its leaders $144K–$697K (11 reported)
- Open jobs 300 · Jobs at Freeport Memorial Hospital · Full 990 report