MARY FREE BED GUILD FUND

EIN: 382643392 501(c)(3) Health Care

GRAND RAPIDS, MI

Total Revenue
$1,248,714
Total Expenses
$2,336,858
Total Assets
$41,589,172
Net Assets
$41,389,968
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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
MI
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 SUPPORT OF CHARITABLE HEALTHCARE.

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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 $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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Governance

Voting Members
18
Independent Members
18
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
5
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
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
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