MARY FREE BED REHABILITATION HOSPITAL (EIN 381359265) - Form 990 Financial Analysis & Trantor Score

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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

1913

Legal Domicile

Phone

8005288989

Tax Period

2024-04-01 to 2025-03-31

MARY FREE BED REHABILITATION HOSPITAL, founded in 1913, is a major nonprofit in the Health Care sector that reported $223.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $197.1M left a modest 12% surplus.

Mission

HELPING PEOPLE WITH DISABILITIES ACHIEVE INDEPENDENCE THROUGH REHABILITATION SERVICES. EDUCATING THE COMMUNITY ON DISABLING DISEASES AND INJURY PREVENTION. CARRYING OUT MEDICAL AND SCIENTIFIC RESEARCH TO IMPROVE THE CARE AND OUTCOMES FOR PEOPLE WITH DISABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,484,981

Program Service Revenue $211,696,876

Investment Income $776,393

Other Revenue $203,678

TOTAL REVENUE $223,161,928

Expense Breakdown

Grants Paid $137,919

Salaries & Benefits $147,234,989

Fundraising Expenses $0

Program Expenses $167,089,364

Other Expenses $49,700,983

TOTAL EXPENSES $197,073,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,161,928	$188,701,513	+0.2%
Expenses	$197,073,891	$181,312,681	+0.1%
Net Income	$26,088,037	$7,388,832	+2.5%

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

Employees

2778

Volunteers

538

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

$1,656,845

Total Directors

$2,907,091

Key Employees

$440,796

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN VAUGHAN	TREASURER	1.0	Officer Director	$0	$0	$0
DAVID MUIR	CHAIRMAN	1.0	Officer Director	$0	$0	$0
JENNIFER TAYLOR	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
JUDY PALMER	ASSISTANT TREASURER	1.0	Officer Director	$0	$0	$0
KENT RIDDLE	CEO	56.0	Officer Director	$1,175,262	$41,635	$1,216,897
MAUREEN KOZEL	SECRETARY (THRU 06/24)	1.0	Officer Director	$0	$0	$0
MIRA JOURDAN	SECRETARY	1.0	Officer Director	$0	$0	$0
RYAN PODVIN	CFO	49.5	Officer Director	$394,082	$45,866	$439,948
SUE KINSLER	ASSISTANT TREASURER (THRU 06/24)	1.0	Officer Director	$0	$0	$0
AMY ABBOTT	DIRECTOR	1.0	Director	$0	$0	$0
Amy Stuursma	DIRECTOR	1.0	Director	$0	$0	$0
BECKY BECHLER	DIRECTOR	1.0	Director	$0	$0	$0
BRAD MATHIS	DIRECTOR	1.0	Director	$0	$0	$0
CAMERON YOUNG	DIRECTOR	1.0	Director	$0	$0	$0
DAVE BEEMER	DIRECTOR	1.0	Director	$0	$0	$0
DAVID HOOKER	DIRECTOR	1.0	Director	$0	$0	$0
DEB KAY	DIRECTOR	1.0	Director	$0	$0	$0
DR BENJAMIN BRUINSMA MD	CMO	54.0	Director	$497,243	$49,520	$546,763
DR CHRISTOPHER MORELLI MD	PHYSICIAN	40.0	Director	$468,814	$28,765	$497,579
DR JEFFREY KRAMER MD	DIRECTOR (THRU 12/24)	40.0	Director	$169,215	$36,689	$205,904
HOLLY PETERSON	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN BIRCHMEIER	DIRECTOR	1.0	Director	$0	$0	$0
LAURIE DUTHIE	DIRECTOR	1.0	Director	$0	$0	$0
LUIS AVILA	DIRECTOR (THRU 06/24)	1.0	Director	$0	$0	$0
MARGARET NAULT	DIRECTOR	1.0	Director	$0	$0	$0
MARILYN WALTON	DIRECTOR	1.0	Director	$0	$0	$0
MARY BETH BROWN	DIRECTOR (THRU 12/24)	1.0	Director	$0	$0	$0
NANCY ALBERS	DIRECTOR	1.0	Director	$0	$0	$0
Pamela Buschle	DIRECTOR	1.0	Director	$0	$0	$0
STEPHEN DREW	DIRECTOR	1.0	Director	$0	$0	$0
SUSAN BLOSS	DIRECTOR	1.0	Director	$0	$0	$0
TONJA MOYER	DIRECTOR	1.0	Director	$0	$0	$0
Wendy Stock	DIRECTOR	1.0	Director	$0	$0	$0
BRUCE BRASSER	COO	40.0	Key Emp	$392,400	$48,396	$440,796
DR BRIDGET RIZIK MD	PHYSICIAN	40.0	Highest	$410,731	$36,716	$447,447
DR CHRISTOPHER RIZIK DO	PHYSICIAN	40.0	Highest	$353,350	$50,507	$403,857
DR IAN GONZALES MD	PHYSICIAN	40.0	Highest	$406,636	$48,701	$455,337
DR THOMAS HORDT MD	PHYSICIAN	40.0	Highest	$457,552	$40,607	$498,159
KYLE JOSEPHSON	PHYSICIAN	40.0	Highest	$408,167	$49,975	$458,142
DR Michael Jakubowski MD	DIRECTOR (THRU 05/23)	0.0		$108,092	$9,900	$117,992
TIMOTHY TUTHILL	DIRECTOR	N/A		$93,671	$19,098	$112,769

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	$223,161,928	$197,073,891	$274,994,808	$26,088,037
2024	$188,701,513	$181,312,681	$243,526,684	$7,388,832
2023	$176,242,688	$172,470,892	$233,232,761	$3,771,796
2022	$164,369,216	$161,548,857	$226,651,083	$2,820,359
2021	$154,206,661	$142,760,856	$203,980,049	$11,445,805
2020	$146,470,167	$134,370,258	$169,465,731	$12,099,909
2019	$138,592,362	$125,297,040	$156,777,138	$13,295,322
2018	$113,391,484	$105,071,209	$148,007,411	$8,320,275

MARY FREE BED REHABILITATION HOSPITAL