FREEMAN HEALTH SYSTEM

EIN: 431704371 501(c)(3) Health Care

JOPLIN, MO

Total Revenue
$709,601,151
Total Expenses
$703,707,703
Total Assets
$734,733,838
Net Assets
$546,099,704
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
MO
Phone
4173471111
Tax Period
2024-04-01 to 2025-03-31

FREEMAN HEALTH SYSTEM, founded in 1922, is a major nonprofit in the Health Care sector that reported $709.6M in total revenue in fiscal year 2024.

Mission

FREEMAN HEALTH SYSTEM PROVIDES WORLD-CLASS, COMPASSIONATE HEALTHCARE SERVICES WHERE IT MATTERS MOST, CLOSE TO HOME. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,119,163
Program Service Revenue $655,923,362
Investment Income $43,133,422
Other Revenue $7,425,204
TOTAL REVENUE $709,601,151

Expense Breakdown

Grants Paid $3,244,390
Salaries & Benefits $393,636,693
Fundraising Expenses $172,575
Program Expenses $605,986,789
Other Expenses $306,826,620
TOTAL EXPENSES $703,707,703

Year-over-Year Comparison

2024 2023 Change
Revenue $709,601,151 $669,173,347 +0.1%
Expenses $703,707,703 $659,568,841 +0.1%
Net Income $5,893,448 $9,604,506 -0.4%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
8
Employees
4823
Volunteers
115

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$4,877,562
Total Directors
12
$2,664,356
Key Employees
4
$1,559,476
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J SCOTT BROTHERS VICE CHAIR 1.0
Officer Director
$0 $0 $0
JIM ARMSTRONG SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
LANCE BESHORE PHD CHAIR 1.0
Officer Director
$0 $0 $0
PAULA F BAKER PRESIDENT AND CEO 54.0
Officer Director
$1,659,816 $40,985 $2,115,755
BRANDON C DAVIS DIRECTOR 1.0
Director
$0 $0 $0
GLENN BROWN DIRECTOR 1.0
Director
$0 $0 $0
GLENN MCCUMBER DIRECTOR 1.0
Director
$0 $0 $0
JAMES FLEISCHAKER DIRECTOR 1.0
Director
$0 $0 $0
JOHN M COX DO DIRECTOR 60.0
Director
$512,826 $35,775 $548,601
LARRY MCINTIRE DO DIRECTOR 1.0
Director
$0 $0 $0
MARK WILLIAMS DIRECTOR 1.0
Director
$0 $0 $0
RODNEY MCFARLAND MD DIRECTOR 1.0
Director
$0 $0 $0
AMANDA M HARRELL CMO BEG 11/24 60.0
Officer
$473,145 $44,287 $517,432
DAVID L BAKER CMO END 11/24 60.0
Officer
$786,716 $42,871 $829,587
JEFFERY E THOMPSON CHIEF CLINICAL OFFICER 60.0
Officer
$488,640 $33,194 $521,834
STEVE GRADDY CFO 50.0
Officer
$715,633 $34,194 $892,954
JEANEE M KENNEDY CHIEF NURSING OFFICER 60.0
Key Emp
$243,072 $36,553 $279,625
KEVIN P GAUDETTE CHIEF REVENUE OFFICER 60.0
Key Emp
$599,945 $41,230 $641,175
MARY A FRERER CHIEF HUMAN RESOURCE OFFICER 60.0
Key Emp
$319,401 $32,197 $351,598
MATTHEW G SABUS CHIEF INFORMATION OFFICER 60.0
Key Emp
$277,951 $9,127 $287,078
DARWIN DAVID JEYARAJ MD PHYSICIAN 60.0
Highest
$2,514,134 $43,252 $2,557,386
JANE G SETO DO PHYSICIAN 60.0
Highest
$2,261,118 $27,146 $2,288,264
THOMAS LEE SANDERS MD PHYSICIAN 60.0
Highest
$2,102,052 $36,099 $2,138,151
TODD JOSEPH TWISS MD PHYSICIAN 60.0
Highest
$2,366,563 $41,237 $2,407,800
WILLIAM JOHN NICHOLAS MD PHYSICIAN 60.0
Highest
$2,780,228 $35,820 $2,816,048
Dennis Estep Former CMO/Physician 60.0
$406,336 $42,395 $448,731
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $709,601,151 $703,707,703 $734,733,838 $5,893,448
2024 $669,173,347 $659,568,841 $731,186,945 $9,604,506
2023 $654,512,246 $628,958,111 $689,877,748 $25,554,135
2022 $643,470,482 $601,261,756 $746,514,735 $42,208,726
2021 $596,274,596 $557,918,461 $748,525,518 $38,356,135
2020 $572,145,425 $536,611,846 $542,526,560 $35,533,579
2019 $553,530,385 $513,690,534 $533,165,787 $39,839,851
2018 $563,515,526 $531,248,867 $492,572,765 $32,266,659
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