Illinois · Ranked 514 of 1033 by CEO pay.

Freeport Memorial Hospital

Mark Gridley, President/CEO. Fiscal year ending 2024-12.

Context: FHN, which includes Freeport Memorial Hospital, became part of Mercyhealth on January 1, 2026 (Rock River Current, Dec. 31, 2025). The figures on this page come from FHN's own filing for the fiscal year ending December 2024, before the merger, under the chief executive at that time.

$788,822

CEO total compensation
Form 990 Part VII, columns D+E+F

0.41%

of expenses spent on charity care
Schedule H Part I line 7a

122.8%

CEO pay as a share of all charity care

In the most recent filing year, Mark Gridley’s reported compensation was $788,822. The system’s charity care for the same year was $642,352. One person’s reported compensation was 1.2 times what the system gave to every patient who could not pay.

§1The filing

Total revenue: $169,507,199
Total expenses: $157,898,905
Net assets: $57,834,075
Employees: 1,265
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $642,352
Bad debt: $2,741,058
Medicare surplus (shortfall), as filed: ($13,424,896)
CEO pay from the organization (Part VII col. D): $363,701
From related organizations (col. E): $222,913
Other compensation, including deferred pay and nontaxable benefits (col. F): $202,208
CEO total compensation (D+E+F): $788,822 to Mark Gridley

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Freeport Memorial Hospital, EIN 36-2181997, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$11.1M Of which charity care to patients who could not pay (line 7a)$642,352 (6%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($2.7M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Freeport Memorial Hospital: CEO pay $788,822, charity care 0.41% of expenses

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Freeport Memorial Hospital reported $788,822 in compensation for chief executive Mark Gridley in the fiscal year ending 2024-12. It spent 0.41% of expenses on charity care, $642,352. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/freeport-memorial-hospital-36-2181997.html