GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MARY FREE BED REHABILITATION HOSPITAL FOUNDATION, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $30.8M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.5M, a strong 60% operating margin.
TO RECEIVE AND ADMINISTER FUNDS FOR MARY FREE BED REHABILITATION HOSPITAL, A CHARITABLE ORGANIZATION, IN ORDER TO RAISE FUNDS FOR CAPITAL, EXPANSION, AND PROGRAM IMPROVEMENTS OF THE HOSPITAL AND RELATED TAX-EXEMPT ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $30,792,914 | $24,590,747 | +0.3% |
| Expenses | $12,258,194 | $4,534,281 | +1.7% |
| Net Income | $18,534,720 | $20,056,466 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KENT RIDDLE | President | 1.0 |
Officer
Director
|
$0 | $41,635 | $1,216,897 |
| Lee Perez | Chairman of the Board | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Linsay Benedict | Vice Chair | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| Anne Chamberlin | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Brent Van Haren | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| DR BENJAMIN BRUINSMA MD | TRUSTEE/CMO | 1.0 |
Director
|
$0 | $49,520 | $546,763 |
| Eva Aguirre Cooper | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Gregory Conway | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Jacques Moss | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Katherine Lee Baker | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Marcus Jackson | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| Timothy Arter | TRUSTEE | 1.0 |
Director
|
$0 | $0 | $0 |
| NATHANIEL GUZMAN | TREASURER | 1.0 |
Officer
|
$0 | $12,957 | $226,582 |
| Tim Pietryga | SECRETARY | 40.0 |
Officer
|
$0 | $38,719 | $284,790 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $30,792,914 | $12,258,194 | $77,409,223 | $18,534,720 |
| 2024 | $24,590,747 | $4,534,281 | $53,620,260 | $20,056,466 |
| 2023 | $8,051,286 | $3,996,713 | $30,031,805 | $4,054,573 |
| 2022 | $4,137,162 | $3,340,647 | $19,514,518 | $796,515 |
| 2021 | $10,178,796 | $2,494,351 | $15,211,056 | $7,684,445 |
| 2020 | $2,702,991 | $2,361,765 | $7,274,804 | $341,226 |
| 2019 | $3,310,385 | $2,422,834 | $3,352,852 | $887,551 |
| 2018 | $877,256 | $1,773,205 | $2,244,297 | $-895,949 |
Compare MARY FREE BED REHABILITATION HOSPITAL FOUNDATION with other nonprofits in Michigan and across the country.