Freeman Health System
- Assets
- $748.5m
- Revenue
- $596.3m
- Investments
- $2.4m
- Employees
- 4,525
- Location
- Joplin, MO
- Founding
- 03/1995
- Data as of
- 03/2021
- EIN
- 43-1704371
Organization Overview
Freeman Health System is located in Joplin, MO. The organization was established in 1995. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2023, Freeman Health System employed 4,525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeman Health System 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 03/2021, Freeman Health System generated $596.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $557.9m during the year ending 03/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Freeman Health System has awarded 140 individual grants totaling $22,783,222. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FREEMAN HEALTH SYSTEM PROVIDES WORLD-CLASS, COMPASSIONATE HEALTHCARE SERVICES WHERE IT MATTERS MOST, CLOSE TO HOME. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEMAN OFFERS OUTPATIENT SERVICES INCLUDING CANCER CARE, RADIATION ONCOLOGY, EMERGENCY MEDICINE, WOMEN'S SERVICES, GASTROENTEROLOGY, DIALYSIS, WOUND CARE, NEUROLOGY, ORTHOPAEDICS, OTOLARYNGOLOGY, GERIATRIC CARE, A PHARMACY, WALK-IN CLINICS, HOME CARE, OCCUPATIONAL MEDICINE, OUTPATIENT SURGERY, REHABILITATION THERAPIES, HEART AND VASCULAR SERVICES, RADIOLOGY, LABORATORY SERVICES, AND MORE. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
FREEMAN PROVIDES INPATIENT SERVICES IN JOPLIN THROUGH TWO HOSPITALS-FREEMAN HOSPITAL WEST AND FREEMAN HOSPITAL EAST. IN THESE TWO HOSPITALS, PATIENTS RELY ON A VARIETY OF MEDICAL UNITS FOR MEDICAL CARE. THESE INCLUDE THE GENERAL MEDICAL, GENERAL SURGERY, ORTHOPAEDIC, NEUROSURGERY, CARDIOVASCULAR, CARDIAC/MEDICAL, ONCOLOGY, CRITICAL CARE (INTENSIVE AND TRANSITIONAL), NICU (NEONATAL ICU), MATERNAL, PEDIATRIC, PSYCHIATRIC, GERIATRIC PSYCHIATRIC, AND PHYSICAL REHABILITATION UNITS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
FREEMAN HEART & VASCULAR INSTITUTE IS RANKED AMONG THE NATION'S BEST FOR HEART ATTACK PATIENT CARE. IN FACT, FREEMAN HEALTH SYSTEM IS ONE OF ONLY 240 HOSPITALS NATIONWIDE TO RECEIVE THE AMERICAN COLLEGE OF CARDIOLOGY NCDR CHEST PAIN - MI REGISTRY PLATINUM PERFORMANCE ACHIEVEMENT AWARD FOR 2022. THE AWARD RECOGNIZES FREEMAN HEART & VASCULAR INSTITUTE'S COMMITMENT AND SUCCESS IN IMPLEMENTING A HIGHER STANDARD OF CARE FOR HEART ATTACK PATIENTS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Lee Sanders Physician | 60 | $2,582,093 | |
Todd Joseph Twiss Physician | 60 | $2,296,948 | |
William John Nicholas Physician | 60 | $2,283,087 | |
Darwini David Jeyaraj Physician | 60 | $1,910,952 | |
Thomas Coy Physician | 60 | $1,860,101 | |
Paula F Baker President And CEO | OfficerTrustee | 54 | $1,419,973 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Crothall Services Group Housekeeping | 3/30/23 | $6,614,552 |
Morrison Mgt Specialist Inc Nutrition Services | 3/30/23 | $1,660,280 |
Dewitt And Associates Inc Construction | 3/30/23 | $2,768,071 |
Hmn Architects Inc Architect | 3/30/23 | $1,095,928 |
Crossland Construction Company Construction | 3/30/23 | $2,477,048 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,818,830 |
| Investment income | $6,298,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,048,003 |
| Net Gain/Loss on Asset Sales | $1,630,421 |
| Net Income from Fundraising Events | $29,824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $99,613 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $596,274,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $181,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $8,725,000 |
| Compensation to disqualified persons | $1,514,314 |
| Other salaries and wages | $243,685,967 |
| Pension plan accruals and contributions | $4,079,877 |
| Other employee benefits | $31,650,834 |
| Payroll taxes | $14,552,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $372,833 |
| Fees for services: Accounting | $423,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $318,124 |
| Fees for services: Other | $43,406,470 |
| Advertising and promotion | $2,068,466 |
| Office expenses | $22,163,462 |
| Information technology | $125,218 |
| Royalties | $0 |
| Occupancy | $6,421,494 |
| Travel | $656,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,031,556 |
| Interest | $2,815,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,699,910 |
| Insurance | $13,832,931 |
| All other expenses | $0 |
| Total functional expenses | $557,918,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,271,473 |
| Savings and temporary cash investments | $94,811,640 |
| Pledges and grants receivable | $4,578,495 |
| Accounts receivable, net | $68,576,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,593 |
| Inventories for sale or use | $9,919,159 |
| Prepaid expenses and deferred charges | $8,085,060 |
| Investments—publicly traded securities | $361,634,405 |
| Investments—other securities | $2,410,815 |
| Investments—program-related | $4,282,456 |
| Intangible assets | $367,030 |
| Other assets | $17,842,384 |
| Total assets | $748,525,518 |
| Accounts payable and accrued expenses | $78,039,271 |
| Grants payable | $0 |
| Deferred revenue | $1,000,000 |
| Tax-exempt bond liabilities | $75,032,760 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,020,495 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,363,073 |
| Total liabilities | $272,455,599 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $476,069,919 |
Grants Awarded
Over the last fiscal year, Freeman Health System has awarded $1,589,225 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
OZARK CENTER PURPOSE: SUPPORT | $123,583 |
COMMUNITY HEALTH CLINIC OF JOPLIN PURPOSE: SUPPORT | $29,000 |
JOPLIN MEMORIAL RUN PURPOSE: SUPPORT | $30,000 |
SCHOOL DISTRICT OF JOPLIN R-VIII FOUNDATION PURPOSE: SUPPORT | $28,500 |
RONALD MCDONALD HOUSE PURPOSE: SUPPORT | $20,000 |
MISSOURI SOUTHERN FOUNDATION PURPOSE: SUPPORT | $1,069,175 |