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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 2023. Filed on November 20, 2024.

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 2023 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 14 out of 1,355 total employees. Among the employees shown here, the average compensation is $412,827. The highest compensated employee at Freeport Memorial Hospital is Mark S Gridley with fiscal year 2023 compensation of $798,252.

Revenue, expenses, and employee compensation

Revenue

$175,350,247

Expenses

$154,123,019

Employee compensation

$55,391,773
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mark S Gridley
President and Chief Executive Officer
$798,252
$455,110 $278,939 $64,203
Arshad Shaikh, M.D.
Physician
$728,061
$696,233 No related comp$31,828
Clarence Parks, M.D.
Medical Staff President
$529,271
$509,041 No related comp$20,230
Rebecca Pedersen, M.D.
Chief Quality Officer
$431,174
$0 $394,511 $36,663
Michael C Clark
Executive Vice President and Chief Financial Officer
$412,285
$218,321 $133,810 $60,154
Karenmarie Meyer, M.D.
Physician
$375,826
$360,890 No related comp$14,936
Irena Markovic, M.D.
Physician
$374,040
$343,054 No related comp$30,986
Zachary Fulton
Physician
$341,897
$284,529 No related comp$57,368
Timothy Jessen, M.D.
Chair Physician Council
$336,449
$0 $297,480 $38,969
Daniel Lee, M.D.
Physician
$322,581
$278,250 No related comp$44,331
Beth Kalnins, M.D.
Medical Staff
$300,371
$272,722 No related comp$27,649
Kathryn J Martinez
Vice President of Patient Service
$298,414
$263,293 No related comp$35,121

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Freeport Emergency Specialists
Medical
$5,013,712
Camelot Radiology
Radiology Physicians
$3,140,570
Amn Health Care
Physician
$2,983,771
Rockford Anesthesiologist Association
Healthcare
$1,824,982
Illinois Provider Trust
Finance
$1,586,274

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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