Freeman Health System
EIN: 431704371 · Joplin, MO · NTEE: E220
| Metric | Value |
|---|---|
| Total Revenue | $795.1M |
| Total Expenses | $629.0M |
| Net Assets | $513.5M |
Is Freeman Health System Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Freeman Health System
Freeman Health System (EIN: 431704371) is a nonprofit organization based in Joplin, MO, classified under NTEE code E220. The organization reported total revenue of $795.1M and total assets of $734.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Freeman Health System's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Freeman Health System is a major nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $654.5M |
| Total Expenses | $629.0M |
| Surplus / Deficit | +$25.6M |
| Total Assets | $689.9M |
| Total Liabilities | $176.4M |
| Net Assets | $513.5M |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 25.6% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, Freeman Health System reported a surplus of $25.6M with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position), has a debt-to-asset ratio of 25.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Freeman Health System's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | +4.6% | -7.6% |
| 2022 | +7.9% | +7.8% | -0.3% |
| 2021 | +4.2% | +4.0% | +38.0% |
| 2020 | +3.4% | +4.5% | +1.8% |
| 2019 | -1.8% | -3.3% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Freeman Health System has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Freeman Health System with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.6%.
Frequently Asked Questions about Freeman Health System
Is Freeman Health System a legitimate charity?
Based on AI analysis of IRS 990 filings, Freeman Health System (EIN: 431704371) insufficient data. 0 red flags identified, 0 strengths noted.
How does Freeman Health System spend its money?
Detailed spending breakdown data is not yet available for Freeman Health System. Check back for updated IRS 990 analysis.
Are donations to Freeman Health System tax-deductible?
Freeman Health System is registered as a tax-exempt nonprofit (EIN: 431704371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Freeman Health System located?
Freeman Health System is headquartered in Joplin, Missouri and files with the IRS under EIN 431704371. It is classified under NTEE code E220.
How many years of IRS 990 filings does Freeman Health System have?
Freeman Health System has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $795.1M in total revenue.
Filing History
IRS 990 filing history for Freeman Health System showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Freeman Health System's revenue has grown by 60%, moving from $409.0M to $654.5M. Total assets increased by 100.8% over the same period, from $343.5M to $689.9M. Total functional expenses rose by 54.7%, from $406.5M to $629.0M. In its most recent filing year (2023), Freeman Health System reported a surplus of $25.6M, with revenue exceeding expenses. The organization holds $176.4M in liabilities against $689.9M in assets (debt-to-asset ratio: 25.6%), resulting in net assets of $513.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $654.5M | $629.0M | $689.9M | $176.4M | — | View 990 |
| 2022 | $643.5M | $601.3M | $746.5M | $229.7M | — | View 990 |
| 2021 | $596.3M | $557.9M | $748.5M | $272.5M | — | View 990 |
| 2020 | $572.1M | $536.6M | $542.5M | $182.9M | — | View 990 |
| 2019 | $553.5M | $513.7M | $533.2M | $189.2M | — | View 990 |
| 2018 | $563.5M | $531.2M | $492.6M | $190.7M | — | View 990 |
| 2017 | $546.1M | $524.1M | $475.3M | $212.3M | — | View 990 |
| 2016 | $531.5M | $499.4M | $443.8M | $213.0M | — | View 990 |
| 2015 | $515.3M | $494.8M | $415.3M | $208.3M | — | View 990 |
| 2014 | $481.8M | $478.7M | $390.3M | $204.0M | — | View 990 |
| 2013 | $496.6M | $493.4M | $378.6M | $204.3M | — | View 990 |
| 2012 | $472.5M | $452.3M | $383.5M | $218.3M | — | View 990 |
| 2011 | $409.0M | $406.5M | $343.5M | $199.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $654.5M, expenses of $629.0M, and assets of $689.9M (revenue +1.7% year-over-year).
- 2022: Revenue of $643.5M, expenses of $601.3M, and assets of $746.5M (revenue +7.9% year-over-year).
- 2021: Revenue of $596.3M, expenses of $557.9M, and assets of $748.5M (revenue +4.2% year-over-year).
- 2020: Revenue of $572.1M, expenses of $536.6M, and assets of $542.5M (revenue +3.4% year-over-year).
- 2019: Revenue of $553.5M, expenses of $513.7M, and assets of $533.2M (revenue -1.8% year-over-year).
- 2018: Revenue of $563.5M, expenses of $531.2M, and assets of $492.6M (revenue +3.2% year-over-year).
- 2017: Revenue of $546.1M, expenses of $524.1M, and assets of $475.3M (revenue +2.7% year-over-year).
- 2016: Revenue of $531.5M, expenses of $499.4M, and assets of $443.8M (revenue +3.2% year-over-year).
- 2015: Revenue of $515.3M, expenses of $494.8M, and assets of $415.3M (revenue +6.9% year-over-year).
- 2014: Revenue of $481.8M, expenses of $478.7M, and assets of $390.3M (revenue -3.0% year-over-year).
- 2013: Revenue of $496.6M, expenses of $493.4M, and assets of $378.6M (revenue +5.1% year-over-year).
- 2012: Revenue of $472.5M, expenses of $452.3M, and assets of $383.5M (revenue +15.5% year-over-year).
- 2011: Revenue of $409.0M, expenses of $406.5M, and assets of $343.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Freeman Health System:
Data Sources and Methodology
This transparency report for Freeman Health System is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.