Overview
What is Freeport Regional Health Care Foundation?
The Freeport Regional Health Care Foundation is a nonprofit organization dedicated to enhancing the health and well-being of communities. They collaborate with those they serve to deliver top-notch healthcare services, upholding values of respect, dignity, and compassion. Their mission prioritizes leadership and prudent resource management to ensure a successful health improvement process.
Official website here: www.fhn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Star rating)
The Freeport Regional Health Care Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The score is based entirely on its Accountability & Finance metrics, which reflects the organization's performance in managing its financial responsibilities. While the foundation has a strong governance structure, with 90% of its board being independent and a solid audit and oversight committee, there are areas that need improvement to enhance its overall rating.
One of the foundation's notable strengths is its commitment to transparency and ethical governance, as evidenced by its comprehensive policies on conflict of interest and whistleblowing. Additionally, it maintains thorough documentation of board meeting minutes and financial oversight, which contributes positively to its accountability score. However, the foundation struggles with a high liabilities to assets ratio, indicating potential financial risk and reliance on liabilities.
Another area for improvement is the lack of a posted tax form on the nonprofit's website, which is a key element for transparency. While the program expense ratio is decent, at approximately 62.96%, it suggests that more than a third of its expenses are not directly related to its programs, which may concern some donors about the efficiency of fund allocation. Addressing these limitations could potentially improve the foundation's rating and further enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Freeport Regional Health Care Foundation legitimate?
Freeport Regional Health Care Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeport Regional Health Care Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,691,594
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,049,755
For more financial information, click here
Official website here: www.fhn.org
What is the mission statement of Freeport Regional Health Care Foundation?
The Freeport Regional Health Care Foundation works in collaboration with the communities it serves to enhance overall health and well-being. With a focus on superior quality healthcare services, they prioritize respect, dignity, and compassion in their interactions. Leadership and prudent management of resources serve as the foundation's guiding principles, ensuring a productive process to improve health and provide essential healthcare services.
Official website here: www.fhn.org
Who is the CEO of Freeport Regional Health Care Foundation?
Mark S Gridley is the President & Ceo of Freeport Regional Health Care Foundation. The CEO's salary of Freeport Regional Health Care Foundation is $273,236 and their total compensation is $806,248.
Official website here: www.fhn.org
What is the revenue of Freeport Regional Health Care Foundation?
Freeport Regional Health Care Foundation's revenue in 2022 was $42,848,160.
Official website here: www.fhn.org
Who are the executives of Freeport Regional Health Care Foundation and what are their salaries?
Here are 25 key members and their salaries (Freeport Regional Health Care Foundation's CEO's salary is $273,236 and their total compensation is $806,248):
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- Compensation: $273,236
- Related: $465,241
- Other: $67,771
- Compensation: $155,368
- Related: $264,545
- Other: $64,149
- Compensation: $106,978
- Related: $182,151
- Other: $40,625
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- Related: $562,609
- Other: $2,251
- Compensation: $253,178
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- Other: $50,269
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- Related: $318,276
- Other: $29,290
- Compensation: $432,650
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- Other: $39,477
- Compensation: $284,883
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- Other: $31,715
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- Related: $338,246
- Other: $36,850
- Compensation: $1,219,655
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- Other: $6,375
- Compensation: $942,933
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- Other: $43,196
- Compensation: $763,267
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- Other: $60,516
- Compensation: $745,932
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- Other: $24,781
- Compensation: $664,379
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- Other: $42,445
Official website here: www.fhn.org
Where can I find the form 990 for Freeport Regional Health Care Foundation?
Freeport Regional Health Care Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhn.org
Learn more at the official website: www.fhn.org
Mission Statement of Freeport Regional Health Care Foundation
Freeport Regional Health Care Foundation, a nonprofit organization, is dedicated to enhancing the health and well-being of communities through collaborative efforts and exceptional healthcare services. With a strong commitment to compassion, dignity, and respect, the Foundation works hand in hand with those it serves. Guided by wise stewardship of resources and exhibiting strong leadership, Freeport Regional Health Care Foundation sets the standard for superior quality healthcare.
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Impact
October, 2024
The Freeport Regional Health Care Foundation plays a vital role in enhancing community health and well-being. By focusing on collaboration with the communities they serve, the foundation ensures access to superior healthcare services that prioritize quality, respect, dignity, and compassion in all interactions. Their mission underscores a commitment to not only improving health outcomes but also fostering a strong, supportive environment that values the needs and voices of individuals. Through effective leadership and responsible resource management, they successfully navigate challenges in healthcare, making significant strides toward better health for all residents of Freeport, IL, and surrounding areas.
This information is meant to be a general summary of Freeport Regional Health Care Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $319,998
- Program Service Revenue: $42,301,407
- Gross Receipts: $42,848,160
Assets and Liabilities:
- Total Assets: $41,202,979
- Total Liabilities: $38,147,687
- Net Assets: $3,055,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERV. REVENUE
Revenue
$22,288,979
CORPORATE ALLOCATION
Revenue
$18,939,767
OTHER MISC. REVENUE
Revenue
$837,318
GOVERNMENT PAYMENT
Revenue
$235,343
Organization Details
Founding Year
1984
Phone
(815) 599-6209Principal Officer
Mark S Gridley
Main Address
1045 WEST STEPHENSON STREET, FREEPORT, IL, 61032
Website
www.fhn.orgNTEE Category
Code: E110 - Health
If you are a representative of Freeport Regional Health Care Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.