MARY FREE BED ORTHOTICS AND PROSTHETICS

EIN: 382643391 501(c)(3)

GRAND RAPIDS, MI

Total Revenue
$24,668,980
Total Expenses
$22,826,842
Total Assets
$22,904,797
Net Assets
$20,454,261
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MI
Phone
8005288989
Tax Period
2024-04-01 to 2025-03-31

MARY FREE BED ORTHOTICS AND PROSTHETICS, founded in 1985, is a mid-sized nonprofit that reported $24.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22.8M left a modest 7% surplus.

Mission

TO RESTORE INDEPENDENCE, HOPE AND FREEDOM TO PEOPLE NEEDING ORTHOTIC & PROSTHETIC DEVICES. WE SEEK EXCELLENCE THROUGH INNOVATION, LEADERSHIP AND ADVOCACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,023
Program Service Revenue $24,492,698
Investment Income $166,259
Other Revenue $0
TOTAL REVENUE $24,668,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,705,384
Fundraising Expenses $0
Program Expenses $18,103,261
Other Expenses $12,121,458
TOTAL EXPENSES $22,826,842

Year-over-Year Comparison

2024 2023 Change
Revenue $24,668,980 $22,134,210 +0.1%
Expenses $22,826,842 $19,885,243 +0.1%
Net Income $1,842,138 $2,248,967 -0.2%
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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Governance

Voting Members
28
Independent Members
24
Employees
137
Volunteers
41

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
9
$1,656,845
Total Directors
33
$2,907,091
Key Employees
1
$245,028
Highest Compensated
5
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 1.0
Officer Director
$0 $41,635 $1,216,897
MAUREEN KOZEL SECRETARY (THRU 05/24) 1.0
Officer Director
$0 $0 $0
MIRA JOURDAN SECRETARY 1.0
Officer Director
$0 $0 $0
RYAN PODVIN CFO 1.0
Officer Director
$0 $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 DIRECTOR/CMO 1.0
Director
$0 $49,520 $546,763
DR CHRISTOPHER MORELLI MD DIRECTOR/PHYSICIAN 1.0
Director
$0 $28,765 $497,579
DR JEFFREY KRAMER MD DIRECTOR (THRU 12/24) 1.0
Director
$0 $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
SCOTT R RIDDLE VP OF O&P 40.0
Key Emp
$212,440 $32,588 $245,028
MICHAEL HUHN SITE LEADER O&P 40.0
Highest
$115,496 $8,512 $124,008
ROBERT LIPSCHUTZ CERT. ORT. & PROS 40.0
Highest
$113,798 $28,888 $142,686
ROBERT TUCK DIR. OF NETWORK DEV. 40.0
Highest
$158,951 $31,803 $190,754
TIM SALLEY DIR. OF CLINICAL OPS 40.0
Highest
$140,686 $24,791 $165,477
TROY KUNST PROGRAM MANAGER 40.0
Highest
$124,267 $33,959 $158,226
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 $24,668,980 $22,826,842 $22,904,797 $1,842,138
2024 $22,134,210 $19,885,243 $20,385,285 $2,248,967
2023 $20,297,091 $19,775,231 $17,390,713 $521,860
2022 $18,562,852 $18,324,666 $19,898,229 $238,186
2021 $14,702,015 $14,705,350 $18,089,382 $-3,335
2020 $15,907,258 $15,224,225 $16,530,591 $683,033
2019 $12,768,228 $18,297,559 $14,711,309 $-5,529,331
2018 $11,144,591 $10,112,690 $20,404,008 $1,031,901
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