MARY FREE BED REHABILITATION HOSPITAL FOUNDATION

EIN: 461164285 501(c)(3) Health Care

GRAND RAPIDS, MI

Total Revenue
$30,792,914
Total Expenses
$12,258,194
Total Assets
$77,409,223
Net Assets
$58,240,777
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
MI
Phone
8005288989
Tax Period
2024-04-01 to 2025-03-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $10,294,906

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...

Read more

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.

Program 2
Expenses: $238,380

TO RECEIVE AND ADMINISTER FUNDS FOR MARY FREE BED REHABILITATION HOSPITAL, A CHARITABLE ORGANIZATION, IN ORDER TO RAISE FUNDS AND SUPPORT EMPLOYEES OF MARY FREE BED REHABILITATION HOSPITAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,898,594
Program Service Revenue $0
Investment Income $1,757,110
Other Revenue $137,210
TOTAL REVENUE $30,792,914

Expense Breakdown

Grants Paid $10,533,286
Salaries & Benefits $1,216,342
Fundraising Expenses $1,307,785
Program Expenses $10,533,286
Other Expenses $508,566
TOTAL EXPENSES $12,258,194

Year-over-Year Comparison

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%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
12
Independent Members
10
Employees
N/A
Volunteers
98

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
$1,728,269
Total Directors
12
$1,763,660
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MARY FREE BED REHABILITATION HOSPITAL FOUNDATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.