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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 2022. Filed on October 4, 2023.

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 2022 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 14 out of 1,129 total employees. Among the employees shown here, the average compensation is $461,767. The highest compensated employee at Freeport Memorial Hospital is Arshad Shaikh, M.D. with fiscal year 2022 compensation of $821,828.

Revenue, expenses, and employee compensation

Revenue

$168,885,534

Expenses

$152,350,876

Employee compensation

$54,718,409
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Arshad Shaikh, M.D.
Physician
$821,828
$786,410 No related comp$35,418
Mark S Gridley
President and Chief Executive Officer
$806,248
$457,856 $280,621 $67,771
Clarence Parks, M.D.
Medical Staff President
$564,960
$562,609 No related comp$2,351
Michael C Clark
Executive Vice President and Chief Financial Officer
$484,062
$260,346 $159,567 $64,149
Keith Martin, M.D.
Physician
$473,060
$470,288 No related comp$2,772
Rebecca Pederson, M.D.
Chief Quality Officer
$472,127
$0 $432,650 $39,477
Irena Markovic, M.D.
Physician
$463,559
$430,953 No related comp$32,606
Kathryn J Martinez
Vice President of Patient Service
$375,097
$338,247 No related comp$36,850
Maajid Ekkiswala
Physician
$373,147
$334,543 No related comp$38,604
Beth Kalnins, M.D.
Medical Staff
$347,566
$318,276 No related comp$29,290
Karenmarie Meyer, M.D.
Physician
$333,281
$313,889 No related comp$19,392
Leonard Carter
Chief Human Resources Officer
$329,753
$179,260 $109,869 $40,624

Benchmark Employee Compensation

Non-Employee Board Members

Shokry Tawfik, M.D.
Board Member
$170
$0 No related comp$170
Dan Schmitt
Board Member
No compensation reported
Glenda Koeller
Board Member
No compensation reported
Bruce Baldwin
Board Member
No compensation reported
Richard Chang
Secretary
No compensation reported
Amy Baker
Board Member
No compensation reported
Neal Richardson
Chair
No compensation reported
Heather McPherson
Vice Chair
No compensation reported
Mark Wright
Treasurer
No compensation reported
Gary Quinn
Board Member
No compensation reported
Steven Kneubuehl
Former Chair
No compensation reported

Contractors

Freeport Emergency Specialists
Medical
$5,102,021
Camolot Radiology
Radiology Physicians
$3,172,770
Illinois Provider Trust
Finance
$1,625,872
Rockford Anesthesiologist Association
Healthcare
$1,616,120
Pog Management LLC
Management
$1,413,160

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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