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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 2024. Filed on November 17, 2025.

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 2024 IRS Form 990 filing, Freeport Memorial Hospital, a 501(c)(3) charitable organization, reported compensation for 14 out of 1,265 total employees. Among the employees shown here, the average compensation is $435,022. The highest compensated employee at Freeport Memorial Hospital is Mark Gridley with fiscal year 2024 compensation of $788,822.

Revenue, expenses, and employee compensation

Revenue

$169,507,199

Expenses

$157,898,905

Employee compensation

$55,324,921
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Mark Gridley
President and Chief Executive Officer
$788,822
$363,701 $222,913 $202,208
Arshad Shaikh, M.D.
Physician
$744,145
$696,938 No related comp$47,207
Rebecca Pedersen, M.D.
Cheif Quality Office
$491,563
$0 $433,707 $57,856
Clarence Parks, M.D.
Chief Medical Officer
$465,180
$430,116 No related comp$35,064
Kathryn J Martinez
Chief Nursing Officer
$463,426
$261,916 No related comp$201,510
Karenmarie Meyer, M.D.
Physician
$433,969
$403,688 No related comp$30,281
Michael C Clark
Executive Vice President and Chief Financial Officer
$423,761
$215,070 $131,817 $76,874
Zachary Fulton, M.D.
Physician
$376,033
$294,409 No related comp$81,624
Irena Markovic, M.D.
Physician
$368,662
$318,011 No related comp$50,651
Timothy Jessen, M.D.
Chair Physician Council
$355,850
$0 $303,002 $52,848
Beth Kalnins, M.D.
Medical Staff President
$338,501
$304,382 No related comp$34,119
Robert Geller, M.D.
HEAD of Infectious Diseases
$283,132
$0 $239,264 $43,868

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Freeport Emergency Specialists Ltd.
Physician
$5,253,859
Camelot Radiology Associates Ltd.
Physician
$3,350,239
Rockford Anesthesiologists Association
Health Care
$2,158,600
Medical Solutions LLC
Medical
$2,151,408
Pog Management LLC
Medical
$1,620,370

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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