Compensation 990

Freeport Memorial Hospital

Fiscal year ending 2024. Filed on November 17, 2025.

1045 W Stephenson St
Freeport, Illinois 61032

Freeport Memorial Hospital (EIN: 36-2181997) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 14 out of 1,265 total employees. Among the employees shown here, the average compensation is $435,022. The highest compensated employee at Freeport Memorial Hospital is Mark Gridley with fiscal year 2024 compensation of $788,822.

Revenue, expenses, and employee compensation

Revenue

$169,507,199

Expenses

$157,898,905

Employee compensation

$55,324,921
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mark Gridley
President and Chief Executive Officer
$788,822
$363,701 from org$222,913 from related$202,208 other
Arshad Shaikh, M.D.
Physician
$744,145
$696,938 from orgNo related comp$47,207 other
Rebecca Pedersen, M.D.
Cheif Quality Office
$491,563
$0 from org$433,707 from related$57,856 other
Clarence Parks, M.D.
Chief Medical Officer
$465,180
$430,116 from orgNo related comp$35,064 other
Kathryn J Martinez
Chief Nursing Officer
$463,426
$261,916 from orgNo related comp$201,510 other
Karenmarie Meyer, M.D.
Physician
$433,969
$403,688 from orgNo related comp$30,281 other
Michael C Clark
Executive Vice President and Chief Financial Officer
$423,761
$215,070 from org$131,817 from related$76,874 other
Zachary Fulton, M.D.
Physician
$376,033
$294,409 from orgNo related comp$81,624 other
Irena Markovic, M.D.
Physician
$368,662
$318,011 from orgNo related comp$50,651 other
Timothy Jessen, M.D.
Chair Physician Council
$355,850
$0 from org$303,002 from related$52,848 other
Beth Kalnins, M.D.
Medical Staff President
$338,501
$304,382 from orgNo related comp$34,119 other
Robert Geller, M.D.
HEAD of Infectious Diseases
$283,132
$0 from org$239,264 from related$43,868 other

Non-Employee Board Members

Amy Baker
Board Member
Bruce Baldwin
Secretary
Dan Schmitt
Board Member
Gary Quinn
Board Member
Glenda Koeller
Board Member
Heather McPherson
Chair
Kimberly Beggin
Board Member
Mark Wright
Board Member
Rich Chang
Vice Chair
Shokry Tawfik, M.D.
Board Member
Steve Kneubuehl
Treasurer

Contractors

Freeport Emergency Specialists Ltd.
Physician
$5,253,859
Camelot Radiology Associates Ltd.
Physician
$3,350,239
Rockford Anesthesiologists Association
Health Care
$2,158,600
Medical Solutions LLC
Medical
$2,151,408
Pog Management LLC
Medical
$1,620,370

Mission Statement

OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, WORKING TOGETHER WITH THOSE WE SERVE.

Revisions to this organization profile

November 17, 2025:
2024 Freeport Memorial Hospital 990 filed
November 20, 2024:
2023 Freeport Memorial Hospital 990 filed
October 4, 2023:
2022 Freeport Memorial Hospital 990 filed

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