MARY FREE BED GUILD FUND

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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

1989

Legal Domicile

Phone

8005288989

Tax Period

2024-04-01 to 2025-03-31

MARY FREE BED GUILD FUND, founded in 1989, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 87% operating deficit.

Mission

The primary mission of the Mary Free Bed Fund is to support the charitable, scientific, and educational purposes and missions of the Mary Free Bed Guild and its subsidiaries. The Mary Free Bed Fund also supports activities and organizations whose focus is on the education, recreation, health and well-being of the disabled population in western Michigan. In addition, the Fund will support community organizations that promote the mission and direction of the Mary Free Bed Guild and its subsidiaries.

Program Service Accomplishments

Program 1

Expenses: $838,290

PROVIDE FUNDS TO MARY FREE BED GUILD, MARY FREE BED REHABILITATION HOSPITAL, ASSOCIATION FOR THE BLIND AN VISUALLY IMPAIRED, MARY FREE BED FOUNDATION, AND MARY FREE BED ORTHOTICS AND PROSTHETICS (ALL 501(C)(3) CORPORATIONS) TO COVER COSTS OF MEDICAL SERVICES AND PROGRAMS; EQUIPMENT AND ADAPTIVE DEVICES FOR PATIENTS; PROVIDE GRANTS TO VARIOUS COMMUNITY ORGANIZATIONS TO IMPROVE THE WELFARE OF THE PHYSICALLY DISABLED AND THE GENERAL HEALTH OF THE COMMUNITY.

Program 2

Expenses: $813,577 Revenue: $18,687

TO PROVIDE SPACE, EQUIPMENT, AND OUTDOOR THERAPY AREA FOR MARY FREE BED REHABILITATION HOSPITAL AND MARY FREE BED ORTHOTICS AND PROSTHETICS (BOTH 501(C)(3) CORPORATIONS) STAFF AND PATIENTS.

Program 3

Expenses: $303,993 Revenue: $199,874

PROVIDE SPECIFIC ASSISTANCE TO FAMILIES AND DISABLED FAMILY MEMBERS TO HELP COVER COSTS OF EQUIPMENT, MEDICAL CARE, ORTHOTIC AND PROSTHETIC DEVICES, SEATING SYSTEMS, RECREATION, LODGING SUBSIDIES FOR...

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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 $149,945

Program Service Revenue $218,561

Investment Income $816,462

Other Revenue $63,746

TOTAL REVENUE $1,248,714

Expense Breakdown

Grants Paid $1,142,283

Salaries & Benefits $71,292

Fundraising Expenses $0

Program Expenses $1,955,860

Other Expenses $1,123,283

TOTAL EXPENSES $2,336,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,248,714	$1,268,269	0.0%
Expenses	$2,336,858	$2,552,743	-0.1%
Net Income	$-1,088,144	$-1,284,474	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

126

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amy Stuursma	President (Beg. 05/2024)	40.0	Officer Director	$0	$0	$0
JENNIFER TAYLOR	President (Thru 05/2024)	1.0	Officer Director	$0	$0	$0
JUDY PALMER	Treasurer (Beg. 05/2024)	1.0	Officer Director	$0	$0	$0
Linda Edgar	Secretary (THRU 05/2024)	1.0	Officer Director	$0	$0	$0
Susan Porter	Secretary (Beg. 05/2024)	1.0	Officer Director	$0	$0	$0
Anne Chamberlin	TRUSTEE	1.0	Director	$0	$0	$0
Gail Vedro	Director (THRU 09/2024)	1.0	Director	$0	$0	$0
Jane Weatherford	Director	1.0	Director	$0	$0	$0
Jessie Jones	Director	1.0	Director	$0	$0	$0
Jodi Astrauskas	Director	1.0	Director	$0	$0	$0
Jodi Elsen	Director (THRU 05/2024)	1.0	Director	$0	$0	$0
Julie Ridenour	Director	1.0	Director	$0	$0	$0
MARILYN WALTON	Director	1.0	Director	$0	$0	$0
Mary Ann Coroneos	Director (THRU 05/2024)	1.0	Director	$0	$0	$0
MARY BETH BROWN	Director	1.0	Director	$0	$0	$0
MAUREEN KOZEL	Director	1.0	Director	$0	$0	$0
Nancy Buss	Director	1.0	Director	$0	$0	$0
Pamela Buschle	Director	1.0	Director	$0	$0	$0
Shelley Mishler	Director	1.0	Director	$0	$0	$0
Stacey Trierweiler	Director	1.0	Director	$0	$0	$0
SUE KINSLER	Ex-Officio	1.0	Director	$0	$0	$0
SUSAN BLOSS	Ex-Officio	1.0	Director	$0	$0	$0
Tiffany Fox	Director (THRU 05/2024)	1.0	Director	$0	$0	$0
Wendy Stock	Director	1.0	Director	$0	$0	$0

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	$1,248,714	$2,336,858	$41,589,172	$-1,088,144
2024	$1,268,269	$2,552,743	$41,951,161	$-1,284,474
2023	$598,076	$2,169,597	$40,340,240	$-1,571,521
2022	$3,407,020	$2,213,616	$42,848,657	$1,193,404
2021	$2,880,226	$2,373,744	$43,544,760	$506,482
2020	$1,605,805	$2,811,916	$37,655,161	$-1,206,111
2019	$3,129,479	$2,729,614	$38,721,259	$399,865
2018	$2,178,902	$2,786,398	$39,066,079	$-607,496