MARY FREE BED MEDICAL GROUP

EIN: 271589392 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$8,190,076
Total Expenses
$11,662,298
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MI
Principal Officer
RANDALL L DENEFF
Phone
8005288989
Tax Period
2017-04-01 to 2018-03-31

MARY FREE BED MEDICAL GROUP, founded in 2010, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2017. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $11.7M exceeded revenue, resulting in a 42% operating deficit.

Mission

THE MARY FREE BED MEDICAL GROUP WAS FORMED TO SUPPORT CHARITABLE HEALTHCARE, RESEARCH, AND EDUCATION.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,189,153
Investment Income $923
Other Revenue $0
TOTAL REVENUE $8,190,076

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,416,602
Fundraising Expenses $0
Program Expenses $9,448,763
Other Expenses $4,245,696
TOTAL EXPENSES $11,662,298

Year-over-Year Comparison

2017 2016 Change
Revenue $8,190,076 $6,316,857 +0.3%
Expenses $11,662,298 $10,248,891 +0.1%
Net Income $-3,472,222 $-3,932,034 -0.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
78
Volunteers
N/A

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
4
$1,164,532
Total Directors
3
$1,059,891
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL JAKUBOWSKI MD PRESIDENT 2.00
Officer Director
$0 $38,383 $455,632
BRUCE BRASSER VICE PRESIDENT 2.00
Officer Director
$0 $32,042 $254,108
RANDALL L DENEFF VICE PRESIDENT / SECRETARY 2.00
Officer Director
$0 $30,375 $350,151
PATRICK REID VICE PRESIDENT - PART YEAR 40.00
Officer
$98,320 $6,321 $104,641
BENJAMIN BRUINSMA MD REHABILITATION PHYSICIAN 40.00
Highest
$547,052 $38,318 $585,370
DANIEL FECHTNER MD REHABILITATION PHYSICIAN 40.00
Highest
$361,231 $25,985 $387,216
CHRISTOPHER MORELLI DO REHABILITATION PHYSICIAN 40.00
Highest
$351,834 $31,984 $383,818
ADAM RUSH MD REHABILITATION PHYSICIAN 40.00
Highest
$333,284 $33,798 $367,082
THOMAS SHAHWAN MD REHABILITATION PHYSICIAN 40.00
Highest
$363,251 $38,318 $401,569
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
2018 $8,190,076 $11,662,298 No data $-3,472,222
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