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Filing year 2024

FREEPORT MEMORIAL HOSPITAL

Freeport, Illinois·EIN 36-2181997·NTEE E220 · Health Care·501(c)(3)
Total revenue
$169.5M
Total assets
$89.4M
Total expenses
$157.9M
Reported officers
25

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Health Care organizations in Illinois.

Physician
Highest Compensated Employee
75th to 90th percentile
$744k
$800k
Base
$697k
Bonus
Other
Benefits
$40k
President/ceo
75th to 90th percentile
$566k
$609k
Base
$331k
Bonus
Other
$33k
Benefits
$31k
Chief Medical Officer
Key Employee
Median to 75th percentile
$465k
$500k
Base
$392k
Bonus
Other
$38k
Benefits
$3k
Chief Nursing Officer
Key Employee
Median to 75th percentile
$463k
$499k
Base
$242k
Bonus
Other
$19k
Benefits
$43k
Physician
Highest Compensated Employee
Median to 75th percentile
$434k
$467k
Base
$385k
Bonus
Other
$19k
Benefits
$22k
Physician
Highest Compensated Employee
Median to 75th percentile
$376k
$405k
Base
$252k
Bonus
$12k
Other
$31k
Benefits
$47k
Physician
Highest Compensated Employee
Median to 75th percentile
$369k
$397k
Base
$283k
Bonus
$16k
Other
$20k
Benefits
$41k
President Medical Staff
Key Employee
Median to 75th percentile
$339k
$364k
Base
$304k
Bonus
$245
Other
Benefits
$34k
Executive Vp/cfo
Officer (Unspecified)
$292k
$314k
Base
$165k
Bonus
Other
$50k
Benefits
$29k
Physician
Highest Compensated Employee
25th percentile to median
$275k
$296k
Base
$188k
Bonus
Other
$31k
Benefits
$46k
Cheif Human Resource Officer
Officer (Unspecified)
$194k
$208k
Base
$132k
Bonus
Other
$12k
Benefits
$31k
Cheif Quality Office
Key Employee
10th to 25th percentile
$58k
$62k
Chair Physician Council
Board Chair
25th percentile to medianvs Health Care peers nationwide
$53k
$57k
Head of Infectious Diseases
Key Employee
10th to 25th percentile
$44k
$47k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 11 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FREEPORT MEMORIAL HOSPITAL equaled 0.5% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
0.5%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 2%
from 2023

From $728k in 2023 to $744k in 2024.

$728k
2023
$744k
2024
In today's dollarsEst.
Roughly flat in real terms$804k to $800k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Highest Compensated Employee pay rose 2% from 2023 to 2024, while revenue fell 3%.

$728k in 2023 to $744k in 2024.
  • Chief Executive Officer pay rose 9% from 2023 to 2024.
  • Key Employee pay fell 12% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FREEPORT MEMORIAL HOSPITAL

What does the Highest Compensated Employee of FREEPORT MEMORIAL HOSPITAL earn?

In 2024, the Highest Compensated Employee of FREEPORT MEMORIAL HOSPITAL received $744,145 in total compensation. This pay is in the top quarter for Highest Compensated Employee roles among Health Care organizations in Illinois, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at FREEPORT MEMORIAL HOSPITAL compare with similar nonprofits?

Compared with the same role at Health Care organizations in Illinois, the 2024 pay of the Highest Compensated Employee at FREEPORT MEMORIAL HOSPITAL falls between the 75th and 90th percentiles. In 2024, the highest total compensation at FREEPORT MEMORIAL HOSPITAL equaled 0.5% of the organization's total expenses. The median for health care organizations is 4%.

What are FREEPORT MEMORIAL HOSPITAL's revenue and expenses?

In 2024, FREEPORT MEMORIAL HOSPITAL reported $169.5M in total revenue and $157.9M in total expenses on its IRS Form 990.

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