Freeport Memorial Hospital

“The organization's audit committee reviews the form 990 before the tax return is filed. Questions and explanations are answered by the finance department to the committee's satsifaction. The board reviews all transactions that affect the filing of the organization's form 990 and equivalent state returns.”

“The organization has a dedicated corporate compliance officer. All members of the board of directors, officers, trustees, and key employees are required to complete annually a conflict of interest questionnaire. These documents are reviewed by the cco to determine if any individual has a conflict of interest that needs to be addressed.”

“The organization has an executive compensation committee that reviews the ceo, top management and executive directors compensation. The committee relies on internal and external information to determine the appropriate compensation and employs an independent third party to conduct the annual executive compensation analysis. This analysis is used to determine if the board's written executive compensation philosophy has been met. The executive compensation committee also receives a reasonableness letter from the third party.”

“These documents are not available to the public.”

“Fhn is regional healthcare system committed to the health and well-being of the people of northwest illinois and southern wisconsin. We have services for all ages, so every member of your family can receive caring, personal, professional healthcare. An average of 1,494 people visit fhn each day for their healthcare needs (that's more than 547,000 patients per year). Fhn is the only healthcare provider in our service area that offers affiliations with three major hospitals in rockford, illinois, as well as with the university of wisconsin hospital and clinics in madison, wisconsin. We see each patient interaction as a serious responsibility that requires clinical expertise, access to the latest in medical technology and a level of trust and commitment that is earned by our people, our products and our process. About fhn memorial hospital: 100 licensed bed. 24-hour emergency care. Eicu unit, linking our experienced, caring staff round-the-clock with the university of wisconsin e-care team of professional intensivists and critical care nurses. Satellite education center for the illinois poison control center (one of only 12 in the state of illinois). Over 75 physicians on the active and associated medical staff - 100% are board-certified or board-eligible. Up-to-the-minute equipment and services, including a cardiovascular center. Surgery capabilities for procedures ranging from a simple tonsillectomy to sophisticated vascular surgery. Specialty service areas such as sleep center, pain clinic, spine center and family birthing center. As part of your community, we will provide personal, professional and caring healthcare for your entire family. We will provide or find services you need to make your life better. We will follow through and make sure you are satisfied. We are committed to excellence and your well-being is the reason for our existence. We are part of your community. And we want to keep it healthy, both economically and physically, at work, at play, on the farm, at school and at home. In 2006, we formed a partnership with the stephenson county health department to provide healthcare services for the uninsured, underinsured and medically indigent at the fhn community healthcare center, located at the former crusader community clinic inside the health department building. And in support of the local united way, each year our employees make their personal contributions, averaging over $15,000, and also serve in leadership positions for many community organizations and boards. Fhn is a community healthcare system, comprised of local experts, inspired by global innovation and grounded by ethical leadership. Freeport memorial hospital coordinates and integrates medical care services and provides individuals impartial access to medical care regardless of race, creed, sex, national origin, or source of payment. The hospital provides medically necessary care to patients regardless of ability to pay. The hospital qualifies as a medicare disproportionate share hospital because it serves a disproportionately high number of low income patients. Insured and underinsured patients, who meet certain federal poverty guidelines and/or other unique circumstances, are provided free or discounted care after a nominal co-payment. Because the hospital does not pursue collection of amounts determined to be charity care, they are not reported as revenue. The hospital maintains records to identify and monitor the amount of charity care it provides. During 2024, the charges foregone for services and supplies furnished under the hospital's charity care policy was $2,659,632 at a cost of $596,150. Freeport memorial hospital is a licensed medicare and medicaid provider with approximately 75% of its patient base qualifying for at least one of these programs. At present, the reimbursement rates for both programs do not fully cover the cost of care to these patients. The estimated unfunded costs of services for medicaid patients were approximately $9,6”

“Bad debts: program service expenses 11,292,455. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,292,455. Supplies: program service expenses 10,552,442. Management and general expenses 204,264. Fundraising expenses 0. Total expenses 10,756,706. Provider tax: program service expenses 6,087,260. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,087,260. Agency staffing: program service expenses 4,872,702. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,872,702. Maintenance & repairs: program service expenses 3,408,619. Management and general expenses 213,090. Fundraising expenses 0. Total expenses 3,621,709. Equipment rentals: program service expenses 1,121,794. Management and general expenses 20,389. Fundraising expenses 0. Total expenses 1,142,183. Collection fee: program service expenses 0. Management and general expenses 857,391. Fundraising expenses 0. Total expenses 857,391. Food: program service expenses 206,225. Management and general expenses 13,391. Fundraising expenses 0. Total expenses 219,616. Bank and credit card fees: program service expenses 0. Management and general expenses 102,619. Fundraising expenses 0. Total expenses 102,619. Misc other expenses: program service expenses -237,422. Management and general expenses 46,875. Fundraising expenses 0. Total expenses -190,547.”

“Transfers from affiliate -24,472,251. Net assets released from temp restrictions -698,029. Contributions temporary restricted 819,915.”