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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Health Care Freeport Memorial Hospital

Freeport Memorial Hospital

Fiscal year ending 2017. Filed on October 22, 2018.

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 2017 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 16 out of 1,194 total employees. Among the employees shown here, the average compensation is $333,438. The highest compensated employee at Freeport Memorial Hospital is Arshad Shaikh, M.D. with fiscal year 2017 compensation of $581,871.

Revenue, expenses, and employee compensation

Revenue

$141,512,963

Expenses

$119,790,890

Employee compensation

$42,724,707
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Arshad Shaikh, M.D.
Physician
$581,871
$527,604 No related comp$54,267
Mark S Gridley
President and Chief Executive Officer
$491,596
$249,604 $152,981 $89,011
Michael Merry, M.D.
Chair Physicians Councel
$404,848
$0 $379,166 $25,682
Rebecca Pederson, M.D.
Chief Quality Officer
$400,854
$0 $343,589 $57,265
Michael C Clark
Executive Vice President and Chief Financial Officer
$385,325
$188,320 $115,420 $81,585
Shokry Tawfik, M.D.
Board Member
$380,278
$0 $321,594 $58,684
Clarence Parks, M.D.
Board Member
$370,293
$330,373 No related comp$39,920
Robert Geller, M.D.
Medical Staff President
$350,097
$0 $310,792 $39,305
Alan Esker, M.D.
Physician
$305,520
$254,831 No related comp$50,689
Beth Kalnins, M.D.
Medical Staff
$290,025
$256,400 No related comp$33,625
Maajid Ekkiswala, M.D.
Physician
$278,937
$228,000 No related comp$50,937
Michael Perry, M.D.
Former President and CEO
$246,039
$106,039 $64,991 $75,009

Benchmark Employee Compensation

Non-Employee Board Members

Carol Schuster
Chair
Gary Quinn
Board Member
Heather McPherson
Secretary
Ken Thompson
Board Member
Mark Wright
Board Member
Neal Richardson
Treasurer
Richard Chang
Board Member
Steven Kneubuehl
Vice Chair

Contractors

Mea-Freeport LLC
Emergency Dept
$5,461,273
Camolot Radiology
Radiology Physicians
$2,265,006
Mayo Medical Laboratories
Physician
$923,578
Locum Connections
Physician
$756,698
Excalibur Ddpm
Collections
$595,114

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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