Mary Free Bed Medical Group
EIN: 271589392 · Grand Rapids, MI
| Metric | Value |
|---|---|
| Total Expenses | $8.5M |
| Net Assets | $639K |
Is Mary Free Bed Medical Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mary Free Bed Medical Group
Mary Free Bed Medical Group (EIN: 271589392) is a nonprofit organization based in Grand Rapids, MI. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Free Bed Medical Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Free Bed Medical Group is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 29.4%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $8.5M |
| Surplus / Deficit | +$563K |
| Total Assets | $1.9M |
| Total Liabilities | $1.3M |
| Net Assets | $639K |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 66.7% |
| Months of Reserves | 2.7 months |
Financial Health Grade: B
In 2016, Mary Free Bed Medical Group reported a surplus of $563K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 66.7% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Mary Free Bed Medical Group's revenue has grown at a compound annual growth rate (CAGR) of 29.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +64.4% | +77.0% | +91.0% |
| 2015 | +59.7% | +16.6% | +17.6% |
| 2014 | +4.5% | +22.9% | +23.9% |
| 2013 | +30.2% | +14.9% | -19.2% |
| 2012 | +1.4% | +42.9% | -13.3% |
AI Analysis Pending
AI enrichment for Mary Free Bed Medical Group has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mary Free Bed Medical Group with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $563K, with revenue exceeding expenses.
- Debt-to-asset ratio: 66.7%.
Frequently Asked Questions about Mary Free Bed Medical Group
Is Mary Free Bed Medical Group a legitimate charity?
Mary Free Bed Medical Group (EIN: 271589392) is a registered tax-exempt nonprofit based in Michigan. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Mary Free Bed Medical Group spend its money?
Mary Free Bed Medical Group reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mary Free Bed Medical Group tax-deductible?
Mary Free Bed Medical Group is registered as a tax-exempt nonprofit (EIN: 271589392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mary Free Bed Medical Group located?
Mary Free Bed Medical Group is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 271589392.
How many years of IRS 990 filings does Mary Free Bed Medical Group have?
Mary Free Bed Medical Group has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Mary Free Bed Medical Group showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Mary Free Bed Medical Group's revenue has grown by 262.2%, moving from $2.5M to $9.1M. Total assets increased by 94.9% over the same period, from $983K to $1.9M. Total functional expenses rose by 316.5%, from $2.0M to $8.5M. In its most recent filing year (2016), Mary Free Bed Medical Group reported a surplus of $563K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $1.9M in assets (debt-to-asset ratio: 66.7%), resulting in net assets of $639K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $9.1M | $8.5M | $1.9M | $1.3M | — | View 990 |
| 2015 | $5.5M | $4.8M | $1.0M | $928K | — | View 990 |
| 2014 | $3.5M | $4.1M | $853K | $1.5M | — | View 990 |
| 2013 | $3.3M | $3.4M | $689K | $656K | — | View 990 |
| 2012 | $2.5M | $2.9M | $852K | $771K | — | View 990 |
| 2011 | $2.5M | $2.0M | $983K | $521K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $9.1M, expenses of $8.5M, and assets of $1.9M (revenue +64.4% year-over-year).
- 2015: Revenue of $5.5M, expenses of $4.8M, and assets of $1.0M (revenue +59.7% year-over-year).
- 2014: Revenue of $3.5M, expenses of $4.1M, and assets of $853K (revenue +4.5% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.4M, and assets of $689K (revenue +30.2% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.9M, and assets of $852K (revenue +1.4% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.0M, and assets of $983K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Free Bed Medical Group:
Data Sources and Methodology
This transparency report for Mary Free Bed Medical Group is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.