FREEMAN HEALTH SYSTEM
Income Statement
Fiscal Year Start:
Apr 1
Revenues in 2025
$709,601,151
Program Services
92%
Other
5%
Investments
2%
Contributions
<1%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$703,707,703
Salaries & Benefits
55%
Other
28%
Fees to Service Providers
8%
Offices, Occupancy & IT
4%
Depreciation
3%
Grants
<1%
Interest
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,094,716
$2,217,506
+103%
Government Grants
$707,439
$721,045
+2%
Fundraising Events
$181,547
$180,612
-1%
Program Services
$640,080,135
$655,923,362
+2%
Membership Dues
$0
$0
-
Investments
$10,969,903
$11,832,583
+8%
Other
$16,139,607
$38,726,043
+140%
Total Revenues
$669,173,347
$709,601,151
+6%
Expenses
2024
2025
Change
Grants
$2,544,259
$3,244,390
+28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$369,032,675
$389,897,525
+6%
Fees to Service Providers
$52,648,919
$59,794,134
+14%
Advertising & Promotion
$2,238,580
$2,121,124
-5%
Offices, Occupancy & IT
$30,331,701
$31,559,914
+4%
Interest
$2,580,481
$2,663,514
+3%
Depreciation
$18,112,275
$19,438,984
+7%
Other
$182,079,951
$194,988,118
+7%
Total Expenses
$659,568,841
$703,707,703
+7%
Net income
2024
2025
Change
Net income
+$9,604,506
+$5,893,448
-39%
Functional Expenses
Summary
2024
2025
Change
Program
$573,487,837
$605,986,789
+6%
Admin
$85,937,573
$97,548,339
+14%
Fundraising
$143,431
$172,575
+20%
Total Expenses
$659,568,841
$703,707,703
+7%
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