Illinois · Nonprofit
FREEPORT MEMORIAL HOSPITAL
FREEPORT MEMORIAL HOSPITAL (Illinois) receives grants from 4 organizations whose IRS filings report $79,371 to it, the largest being American Heart Association Inc ($74,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $170M
- Funders on record
- 4
- Grants received
- $79k
- Net assets
- $58M
What Freeport Memorial Hospital does
Mission
Our mission is to improve the health of our communities, working together with those we serve.
As stated on its FY2024 Form 990.
Programs
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.
$80,966,171 spent$127,950,182 earned by the program54% of program spendingOther uncompensated care: the hospital is a licensed medicare and medicaid provider with approximatelly 72% 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 $11,790,315 and medicaid patients was approximately $9,732,303 for the year ending 12/31/2023.
$66,709,558 spent$45,186,940 earned by the program45% of program spendingCharity 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 $1,737,908 in 2023. Estimated costs of providing these services amounted to approximately $373,027 in 2023.
$1,737,908 spent$373,027 earned by the program1% of program spendingOther 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.
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $149,413,637.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $100M to $125M (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of FREEPORT MEMORIAL HOSPITAL’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Mark S Gridley
President/CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base held at 1 funder, grant income fell $74k → $96.
2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 7% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of FREEPORT MEMORIAL HOSPITAL’s funders (the co-funder graph). Top 3 of 4 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FREEPORT MEMORIAL HOSPITAL leans on a few funders — its largest provides 93% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FREEPORT MEMORIAL HOSPITAL.
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
FREEPORT MEMORIAL HOSPITAL draws 100% of its grant income from funders outside Illinois, across 1 state in all.
Funder states come from each funder’s own filing. $5k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FREEPORT MEMORIAL HOSPITAL holds deeper cash reserves than three-quarters of the 2,075 health nonprofits its size.
this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024
Organizations like FREEPORT MEMORIAL HOSPITAL
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Illinois
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
97% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 4 related entities
- Freeport Regional Health Care Foundation · exempt
- Jane Addams Inc · exempt
- Jane Addams Healthcare Services Inc · exempt
- Memorial Enterprises Inc · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for FREEPORT MEMORIAL HOSPITAL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FREEPORT MEMORIAL HOSPITAL?
- FREEPORT MEMORIAL HOSPITAL (Illinois) receives grants from 4 organizations whose IRS filings report $79,371 to it, the largest being American Heart Association Inc ($74,000). 1 of them have funded it in more than one year.
- How many funders does FREEPORT MEMORIAL HOSPITAL have?
- IRS filings report 4 organizations giving $79,371 in grants to FREEPORT MEMORIAL HOSPITAL, 1 of which have funded it in more than one year.
- Who is the largest funder of FREEPORT MEMORIAL HOSPITAL?
- American Heart Association Inc is the largest funder on record, with $74,000 in grants. The full list of funders is on this page.
- How can an organization like FREEPORT MEMORIAL HOSPITAL find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Freeport Memorial Hospital →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing