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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 2020. Filed on September 16, 2021.

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 2020 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 15 out of 1,101 total employees. Among the employees shown here, the average compensation is $381,271. The highest compensated employee at Freeport Memorial Hospital is Arshad Shaikh, M.D. with fiscal year 2020 compensation of $846,827.

Revenue, expenses, and employee compensation

Revenue

$163,062,274

Expenses

$130,297,402

Employee compensation

$45,646,606
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Arshad Shaikh, M.D.
Physician
$846,827
$791,857 No related comp$54,970
Mark S Gridley
President and Chief Executive Officer
$594,464
$331,273 $203,038 $60,153
Clarence Parks, M.D.
Physician
$400,558
$365,994 No related comp$34,564
Rebecca Pederson, M.D.
Chief Quality Officer
$400,540
$0 $376,099 $24,441
James A Kolka
Chief Physician Executive
$390,494
$366,433 No related comp$24,061
Michael Merry, M.D.
Chair Physicians Councel
$370,853
$0 $333,591 $37,262
Robert Geller, M.D.
Medical Staff President
$357,257
$0 $328,577 $28,680
Alan Esker, M.D.
Physician
$350,998
$300,515 No related comp$50,483
Michael C Clark
Executive Vice President and Chief Financial Officer
$343,794
$190,783 $116,932 $36,079
Maajid Ekkiswala, M.D.
Physician
$323,493
$266,150 No related comp$57,343
Beth Kalnins, M.D.
Medical Staff
$316,659
$0 $280,844 $35,815
Kathryn J Martinez
Vice President of Patient Service
$267,621
$234,352 No related comp$33,269

Benchmark Employee Compensation

Non-Employee Board Members

Bruce Baldwin
Director
Carol Schuster
Former Chair
Gary Quinn
Board Member
Heather McPherson
Secretary
Mark Wright
Treasurer
Neal Richardson
Vice Chair
Richard Chang
Board Member
Steven Kneubuehl
Chair

Contractors

Freeport Emergency Specialists
Medical
$4,801,163
Camolot Radiology
Radiology Physicians
$2,584,237
Pog Management LLC
Management
$1,230,259
Mayo Medical Laboratories
Physician
$1,177,596
Rockford Anesthesioologists Assdoc
Medical
$1,028,578

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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