Freeport Regional Health Care Found Ation

Organization Overview

Freeport Regional Health Care Found Ation is located in Freeport, IL. The organization was established in 1985. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeport Regional Health Care Found Ation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Freeport Regional Health Care Found Ation generated $42.8m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $69.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO IMPROVE THE HEALTH OF OUR COMMUNITIES, WORKING TOGETHER WITH THOSE WE SERVE.

Describe the Organization's Program Activity:

FREEPORT REGIONAL HEALTH CARE FOUNDATION PROVIDES PHYSICIAN SERVICES TO PATIENTS IN FIVE NORTHWESTERN ILLINOIS COUNTIES. THE FOUNDATION ENSURES CONTINUED ACCESS TO CARE BY SERVING PATIENTS IN MEDICALLY UNDERSERVED AREAS.


FHN OPERATES AND/OR SUPPORTS A VARIETY OF COMMUNITY BENEFIT PROGRAMS THAT INCLUDED BUT WERE NOT LIMITED TO THE FOLLOWING:COMMUNITY HEALTH EDUCATION PROGRAMS: AS PART OF FHN'S COMMITMENT TO PROVIDING HEALTH EDUCATION TO AREA COMMUNITIES, FHN PROVIDED NUMEROUS COMMUNITY EDUCATION EVENTS AND SCHOOL HEALTH PROGRAMS AND SUPPORT GROUP EVENTS. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS AND DEVELOPMENT OF RESOURCES WERE APPROXIMATELY $38,000.COMMUNITY-BASED CLINICAL SERVICES: AS PART OF FHN'S MISSION TO IMPROVE HEALTH, FHN AND THE STEPHENSON COUNTY HEALTH DEPARTMENT HAVE PARTNERED TO PROVIDE PRIMARY HEALTH CARE SERVICES TO ANYONE IN NEED OF MEDICAL CARE AT THE FHN COMMUNITY HEALTHCARE CENTER. APPROXIMATELY 2,450 PATIENT VISITS WERE PROVIDED IN 2022. SERVICES OFFERED INCLUDE DIAGNOSIS AND TREATMENT OF COMMON ACUTE ILLNESSES AS WELL AS MANAGEMENT OF CHRONIC HEALTH PROBLEMS, INCLUDING NURSE PRACTITIONER EXAMS AND CONSULTATIONS, LAB TESTS, X-RAYS AND HEALTH EDUCATION.FHN ALSO PROVIDED 2,340 HEALTH SCREENS AND SPORTS PHYSICALS, 154 HOURS OF CONDITIONING AND TRAINING SUPPORT AND SPORTS MEDICINE TRAINERS AT 50 EVENTS. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $478,000.HEALTH CARE SUPPORT SERVICES: SINCE COMMUNITY MEMBERS MAY REQUIRE DIFFERENT TYPES OF ASSISTANCE, FHN PROVIDES INFORMATION AND REFERRAL SERVICES, TRANSLATION SERVICES AND TRANSPORTATION ASSISTANCE. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $85,000. HEALTH PROFESSIONAL EDUCATION: FHN SUPPORTS THE TRAINING OF HEALTH CARE PROFESSIONALS BY PROVIDING SCHOLARSHIPS, CLINICAL SETTINGS AND SUPERVISION TO NON-FHN EMPLOYEES. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $323,000.FINANCIAL CONTRIBUTIONS: FHN RECOGNIZES THE IMPORTANCE OF GIVING BACK TO THE COMMUNITY THROUGH CHARITABLE ORGANIZATION AND OTHERS INVOLVED IN PROMOTING HEALTH AND WELLNESS IN OUR COMMUNITY. IN 2022, FHN PROVIDED SUPPORT TO A NUMBER OF COMMUNITY GROUPS THROUGH DIRECT FINANCIAL CONTRIBUTIONS AND PROVIDING ROOMS OR STAFF TIME. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $41,000.COMMUNITY-BUILDING ACTIVITIES: FHN VALUES THE CONTRIBUTIONS AND EFFORTS OF OTHER ORGANIZATIONS IN IMPROVING THE HEALTH OF OUR COMMUNITIES. AS SUCH, FHN PROVIDED FINANCIAL AND IN-KIND SUPPORT TO ASSIST OTHER LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS. THE ESTIMATED DIRECT AND INDIRECT COSTS OF THESE PROGRAMS WERE APPROXIMATELY $35,000.


OTHER UNCOMPENSATED CARE: THE FOUNDATION IS A LICENSED MEDICARE AND MEDICAID PROVIDER WITH APPROXIMATELY 69% OF ITS PATIENTS BASE QUALIFYING FOR AT LEAST ON OF THESE PROGRAMS. AT PRESENT THE REIMBURSEMENT RATES OF THESE PROGRAMS DO NOT FULLY COVER THE COST OF CARE TO THESE PATIENTS. THE ESTIMATED UNFUNDED COSTS OF THE SERVICES FOR MEDICARE AND MEDICAID PATIENTS WAS APPROXIMATELY $20,283,502 FOR THE YEAR ENDING 12/31/2022.


CHARITY CARE: THE FOUNDATION PROVIDED CARE BENEFITS UP TO 300% OF THE FEDERALLY DETERMINED PROVERTY LEVEL. CHARGES FOREGONE FOR CHARITY CARE AMOUNTED TO APPROXIMATELY $123,083 IN 2022. ESTIMATED COSTS OF PROVIDING THESE SERVICES AMOUNTED TO APPROXIMATELY $83,686 IN 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Neal Richardson
Chairman
$0
Heather Mcpherson
Vice Chairman
$0
Mark Wright
Treasurer
$0
Rich Chang
Secretary
$0
Steven Kneubuehl
Past Chairman
$0
Gary Quinn
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Excalibur Ddpm
Collection Services
$206,970
Camelot Radiology Associates Ltd
Physician Services
$237,942
Rockford Urological
Physician Services
$207,393
Laboratory Corporation Of America
Lab Services
$475,130
Northern Illinois Trauma
Physician Services
$729,983
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$39,151
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$39,151
Total Program Service Revenue$42,301,407
Investment income $316,629
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $137,672
Net Gain/Loss on Asset Sales $3,369
Net Income from Fundraising Events $49,932
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,848,160

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