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Freeport Memorial Hospital

Public charity
Other · FREEPORT, IL · EIN 36-2181997

About

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.

Donations are tax-deductible
Category
Other
Employees
1,265
Volunteers
72

Financial Snapshot

FY ending 2024-12-31
Revenue
$169.5M
Expenses
$157.9M
Assets
$89.4M
Liabilities
$31.5M

Financial history

$169.5M$84.8M$0
161718192021222324
RevenueExpenses
Latest FY2024: $169.5M · Avg: $155.0M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$35K
Grants Given
FREEPORT MEMORIAL HOSPITAL
Your actions

Address

1045 W Stephenson ST
Freeport, IL, 61032-486

Governance

Voting board members11
Independent members11
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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