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Nonprofit · EIN 36-3290904

FREEPORT REGIONAL HEALTH CARE FOUND ATION

Tax-exempt · FREEPORT, IL 61032

Financials

$44.1M$69.2M2023$44.8M$70M2024
Revenue Expenses · by fiscal year end
Financials of FREEPORT REGIONAL HEALTH CARE FOUND ATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$44,791,477$70,026,349-$25,234,872$48,672,326$44,639,081$4,033,245
December 31, 2023990$44,131,773$69,216,336-$25,084,563$42,191,160$36,898,584$5,292,576
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$416,542
Program service revenue
$42,116,307
Investment income
$2,116,570
Net rental income
$114,083
Net gain from sales of assets
$73,595
Net income from fundraising events
$27,975
Other revenue
$142,058

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,683,529
Other salaries and wages
$32,092,862
Salaries, compensation and benefits (total)
$41,345,668
Professional fundraising fees
$0
Legal fees
$135,015
Accounting fees
$100,298
Occupancy
$826,496
Travel
$52,253
Depreciation
$2,029,740
Program services (functional)
$46,615,119
Management and general (functional)
$23,111,531
Fundraising (functional)
$299,699

Balance sheet and other

Total assets, start of year
$42,191,160
Total assets, end of year
$48,672,326
Total liabilities, end of year
$44,639,081
Net assets, end of year
$4,033,245
Land, buildings and equipment
$16,759,855
Publicly traded securities
$3,089,907
Net assets without donor restrictions
$2,264,910
Net assets with donor restrictions
$1,768,335
Gross unrelated business income
$5,103
Gross receipts
$44,791,477
Employees
0
Volunteers
0
Year formed
1984
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MARK GRIDLEYPRESIDENT/CEO
Officer
14$217,047$369,567$202,208
PRASAD KILARUPHYSICIAN
Highest-paid employee
40$755,899$0$17,895
BARRY BARNESPHYSICIAN
Highest-paid employee
40$671,772$0$58,847
MADHUSUDAN MALLADIPHYSICIAN
Highest-paid employee
40$632,011$0$66,057
KEVIN DRAXINGERPHYSICIAN
Highest-paid employee
40$541,537$0$55,190
TERRY MILLERPHYSICIAN
Highest-paid employee
40$539,380$0$45,678
REBECCA PEDERSEN MDCHIEF QUALITY OFFICE
Key employee
40$433,707$0$57,856
CLARENCE PARKS MDCHAIR PHYSICIAN COUNCIL
Key employee
0$0$430,116$35,064
KATHRYN J MARTINEZCHIEF NURSING OFFICER
Key employee
0$0$261,916$201,510
MICHAEL C CLARKEXECUTIVE VP/CFO
Officer
14$128,348$218,539$76,874
TIMOTHY JESSEN MDCHAIR PHYSICIAN COUNCIL
Key employee
40$303,002$0$52,848
BETH KALNINS MDPRESIDENT MEDICAL STAFF
Key employee
0$0$304,382$34,119
ROBERT GELLER MDHEAD OF INFECTIOUS DISEASES
Key employee
40$239,264$0$43,868
LEONARD CARTERCHIEF HUMAN RESOURCE OFFICER
Officer
14$86,057$146,530$49,384
HEATHER MCPHERSONCHAIR
Trustee or director
0.5$0$0$0
10 more people on this return
NameTitleHours / weekCompensation
RICH CHANGVICE CHAIR
Trustee or director
0.5$0
STEVE KNEUBUEHLTREASURER
Trustee or director
0.5$0
BRUCE BALDWINSECRETARY
Trustee or director
0.5$0
MARK WRIGHTBOARD MEMBER
Trustee or director
0.5$0
GARY QUINNBOARD MEMBER
Trustee or director
0.5$0
SHOKRY TAWFIK MDBOARD MEMBER
Trustee or director
0.5$0
GLENDA KOELLERBOARD MEMBER
Trustee or director
0.5$0
DAN SCHMITTBOARD MEMBER
Trustee or director
0.5$0
AMY BAKERBOARD MEMBER
Trustee or director
0.5$0
KIMBERLY BEGGINBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
DAMMANN GREGORYPHYSICIAN
Highest-paid employee
40$984,283$0$37,866
MARK S GRIDLEYPRESIDENT & CEO
Officer
14$271,598$462,451$64,203
MADHUSUDAN R MALLADI MDPHYSICIAN
Highest-paid employee
40$704,172$0$57,413
BARNES BARRYPHYSICIAN
Highest-paid employee
40$726,270$0$32,092
KILARU PRASADPHYSICIAN
Highest-paid employee
40$689,655$0$20,562
CLARENCE PARKS MDPRESIDENT OF MEDICAL STAFF
Key employee
0$0$509,041$20,230
KHAN FARHANPHYSICIAN
Highest-paid employee
40$511,688$0$1,578
REBECCA PEDERSEN MDCHIEF QUALITY CONTROL
Key employee
40$394,510$0$36,663
MICHAEL CLARKEXECUTIVE VP & CFO
Officer
14$130,289$221,842$60,154
TIMOTHY JESSEN MDCHAIR PHYSICIAN COUNCIL
Key employee
40$297,480$0$38,969
BETH KALNINS MDEMPLOYED PHYSICIAN
Trustee or director
40$0$272,722$27,649
KATHRYN MARTINEZCNO/COO
Key employee
0$0$263,293$35,121
LEONARD M CARTERVP - HUMAN RESOURCES
Officer
14$88,692$151,015$38,838
ROBERT GELLER MDHEAD OF INFECTIOUS DISEASE
Key employee
40$224,442$0$27,962
NEAL RICHARDSONCHAIRMAN
Trustee or director
0.5$0$0$0
HEATHER MCPHERSONVICE CHAIRMAN
Trustee or director
0.5$0$0$0
MARK WRIGHTTREASURER
Trustee or director
0.5$0$0$0
RICH CHANGSECRETARY
Trustee or director
0.5$0$0$0
GARY QUINNBOARD MEMBER
Trustee or director
0.5$0$0$0
SHOKRY TAWFIK MDBOARD MEMBER
Trustee or director
50$0$0$0
BRUCE BALDWINBOARD MEMBER
Trustee or director
0.5$0$0$0
GLENDA KOELLERBOARD MEMBER
Trustee or director
0.5$0$0$0
DAN SCHMITTBOARD MEMBER
Trustee or director
0.5$0$0$0
AMY BAKERBOARD MEMBER
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
1045 W STEPHENSON ST, FREEPORT, IL 61032-4864
Principal officer (990 for 2024)
MARK S GRIDLEY CEO, 1045 W STEPHENSON ST, FREEPORT, IL 61032
Signed the 990
MICHAEL CLARK, CHIEF FINANCIAL OFFICER
Phone
(815) 599-6209

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • FREEPORT REGIONAL HEALTH CARE FOUNDATION PROVIDES PHYSICIAN SERVICES TO PATIENTS IN FIVE NORTHWESTERN ILLINOIS COUNTIES. THE FOUNDATION ENSURES CONTINUED ACCESS TO CARE BY SERVING PATIENTS IN MEDICALLY UNDERSERVED AREAS
    Expenses $14,160,468 · revenue $31,061,576
  • OTHER UNCOMPENSATED CARE: THE FOUNDATION IS A LICENSED MEDICARE AND MEDICAID PROVIDER WITH APPROXIMATELY 68% OF ITS PATIENTS BASE QUALIFYING FOR AT LEAST ON 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 COSTS OF THE SERVICES FOR MEDICARE AND MEDICAID PATIENTS WAS APPROXIMATELY $21,415,762 FOR THE YEAR ENDING 12/31/2024.
    Expenses $32,407,889 · revenue $10,992,127
  • CHARITY CARE: THE FOUNDATION PROVIDED CARE BENEFITS UP TO 300% OF THE FEDERALLY DETERMINED PROVERTY LEVEL. CHARGES FOREGONE FOR CHARITY CARE AMOUNTED TO APPROXIMATELY $62,604 IN 2024. ESTIMATED COSTS OF PROVIDING THESE SERVICES AMOUNTED TO APPROXIMATELY $46,762 IN 2024.
    Expenses $46,762 · revenue $62,604
  • FHN OPERATES AND/OR SUPPORTS A VARIETY OF COMMUNITY BENEFIT PROGRAMS THAT INCLUDED BUT WERE NOT LIMITED TO THE FOLLOWING:COMMUNITY HEALTH EDUCATION PROGRAMS: AS PART OF FHN'S COMMITMENT TO PROVIDING HEALTH EDUCATION TO AREA COMMUNITIES, FHN PROVIDED NUMEROUS COMMUNITY EDUCATION EVENTS AND SCHOOL HEALTH PROGRAMS AND SUPPORT GROUP EVENTS. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS AND DEVELOPMENT OF RESOURCES WERE APPROXIMATELY $46,000.COMMUNITY-BASED CLINICAL SERVICES: AS PART OF FHN'S MISSION TO IMPROVE HEALTH, FHN AND THE STEPHENSON COUNTY HEALTH DEPARTMENT HAVE PARTNERED TO PROVIDE PRIMARY HEALTH CARE SERVICES TO ANYONE IN NEED OF MEDICAL CARE AT THE FHN COMMUNITY HEALTHCARE CENTER. APPROXIMATELY 2,500 PATIENT VISITS WERE PROVIDED IN 2024. SERVICES OFFERED INCLUDE DIAGNOSIS AND TREATMENT OF COMMON ACUTE ILLNESSES AS WELL AS MANAGEMENT OF CHRONIC HEALTH PROBLEMS, INCLUDING NURSE PRACTITIONER EXAMS AND CONSULTATIONS, LAB TESTS, X-RAYS AND HEALTH EDUCATION.FHN ALSO PROVIDED 3,910 HEALTH SCREENS AND SPORTS PHYSICALS, 551 HOURS OF CONDITIONING AND TRAINING SUPPORT AND SPORTS MEDICINE TRAINERS AT SEVERAL EVENTS. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $406,000.HEALTH CARE SUPPORT SERVICES: SINCE COMMUNITY MEMBERS MAY REQUIRE DIFFERENT TYPES OF ASSISTANCE, FHN PROVIDES INFORMATION AND REFERRAL SERVICES, TRANSLATION SERVICES AND TRANSPORTATION ASSISTANCE. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $74,000. HEALTH PROFESSIONAL EDUCATION: FHN SUPPORTS THE TRAINING OF HEALTH CARE PROFESSIONALS BY PROVIDING SCHOLARSHIPS, CLINICAL SETTINGS AND SUPERVISION TO NON-FHN EMPLOYEES. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $274,000.FINANCIAL CONTRIBUTIONS: FHN RECOGNIZES THE IMPORTANCE OF GIVING BACK TO THE COMMUNITY THROUGH CHARITABLE ORGANIZATION AND OTHERS INVOLVED IN PROMOTING HEALTH AND WELLNESS IN OUR COMMUNITY. IN 2024, FHN PROVIDED SUPPORT TO A NUMBER OF COMMUNITY GROUPS THROUGH DIRECT FINANCIAL CONTRIBUTIONS AND PROVIDING ROOMS OR STAFF TIME. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $87,000.COMMUNITY-BUILDING ACTIVITIES: FHN VALUES THE CONTRIBUTIONS AND EFFORTS OF OTHER ORGANIZATIONS IN IMPROVING THE HEALTH OF OUR COMMUNITIES. AS SUCH, FHN PROVIDED FINANCIAL AND IN-KIND SUPPORT TO ASSIST OTHER LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $46,000.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3290904
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E110)
Assets (IRS master file)
$48,672,326
Income (IRS master file)
$44,791,477

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$44,791,477$70,026,349$48,672,326XML
990-TDecember 2024–––IRS
990December 2023$44,131,773$69,216,336$42,191,160XML
990-TDecember 2023–––IRS
990December 2022$42,848,160$69,460,061$41,202,979IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-3290904).

Questions about FREEPORT REGIONAL HEALTH CARE FOUND ATION

What is the EIN of FREEPORT REGIONAL HEALTH CARE FOUND ATION?
The employer identification number (EIN) of FREEPORT REGIONAL HEALTH CARE FOUND ATION is 36-3290904.
Is FREEPORT REGIONAL HEALTH CARE FOUND ATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to FREEPORT REGIONAL HEALTH CARE FOUND ATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does FREEPORT REGIONAL HEALTH CARE FOUND ATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FREEPORT REGIONAL HEALTH CARE FOUND ATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEPORT REGIONAL HEALTH CARE FOUND ATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FREEPORT REGIONAL HEALTH CARE FOUND ATION?
The 990 for the year ended December 31, 2024 names MARK S GRIDLEY CEO.
Who are the officers and directors of FREEPORT REGIONAL HEALTH CARE FOUND ATION?
The 990 for the year ended December 31, 2024 lists 25 people; 11 received compensation from the organization, the highest $217,047 (MARK GRIDLEY, PRESIDENT/CEO).
How much revenue does FREEPORT REGIONAL HEALTH CARE FOUND ATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $44,791,477, expenses of $70,026,349 and total assets of $48,672,326 at year end.

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