MARY FREE BED MEDICAL GROUP

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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

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

NONE.

Program Service Accomplishments

Program 1

Expenses: $9,448,763 Revenue: $8,189,153

DELIVER HEALTH CARE AND HEALTH CARE RELATED SERVICES TO PATIENTS REQUIRING SUCH CARE AND WILL SUPPORT THE CHARITABLE HEALTH CARE MISSION OF THE MARY FREE BED REHABILITATION HOSPITAL REGARDLESS OF...

DELIVER HEALTH CARE AND HEALTH CARE RELATED SERVICES TO PATIENTS REQUIRING SUCH CARE AND WILL SUPPORT THE CHARITABLE HEALTH CARE MISSION OF THE MARY FREE BED REHABILITATION HOSPITAL REGARDLESS OF ABILITY TO PAY. THERE WERE 82,071 PHYSICIAN RVU'S (RELATIVE VALUE UNITS) FOR THE FISCAL YEAR.

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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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$1,164,532

Total Directors

$1,059,891

Key Employees

Highest Compensated

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