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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 2021. Filed on August 31, 2022.

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 2021 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 14 out of 1,097 total employees. Among the employees shown here, the average compensation is $387,652. The highest compensated employee at Freeport Memorial Hospital is Arshad Shaikh, M.D. with fiscal year 2021 compensation of $788,035.

Revenue, expenses, and employee compensation

Revenue

$169,840,576

Expenses

$138,980,643

Employee compensation

$50,258,270
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Arshad Shaikh, M.D.
Physician
$788,035
$765,175 No related comp$22,860
Mark S Gridley
President and Chief Executive Officer
$612,484
$345,277 $211,621 $55,586
Keith Martin, M.D.
Physician
$485,654
$439,010 No related comp$46,644
Clarence Parks, M.D.
Physician
$435,598
$406,734 No related comp$28,864
Rebecca Pederson, M.D.
Chief Quality Officer
$409,299
$0 $376,988 $32,311
Robert Geller, M.D.
Medical Staff President
$382,141
$0 $355,811 $26,330
Michael C Clark
Executive Vice President and Chief Financial Officer
$377,043
$200,591 $122,943 $53,509
Timothy Jessen, M.D.
Chair Physicians Councel
$328,263
$0 $278,059 $50,204
Mohamad Salama, M.D.
Physician
$309,323
$297,798 No related comp$11,525
Irena Markovic, M.D.
Physician
$305,083
$285,619 No related comp$19,464
Kathryn J Martinez
Vice President of Patient Service
$287,351
$241,411 No related comp$45,940
Beth Kalnins, M.D.
Medical Staff
$284,021
$248,491 No related comp$35,530

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Freeport Emergency Specialists
Medical
$4,509,244
Camolot Radiology
Radiology Physicians
$3,150,141
Pog Management LLC
Management
$1,488,068
Mayo Medical Laboratories
Physician
$1,162,497
Laboratory Corporation of America
Medical
$324,573

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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