Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $180

• 2a · Program service revenue: NET PATIENT SERVICE REVENUE

  total $21,044,542 · related or exempt $21,044,542

• 2b · Program service revenue: CONTRACT REVENUE

  total $553,268 · related or exempt $553,268

• 2c · Program service revenue: NETWORK REVENUE

  total $375,113 · related or exempt $375,113

• 3 · Investment income

  total $122,585 · excluded $122,585

• 7a · Gross sales of assets other than inventory

  securities $859,787

• 7b · Less cost or other basis and sales expenses

  securities $821,265

• 7c · Gain or loss

  securities $38,522

• 7d · Net gain or loss

  total $38,522 · excluded $38,522

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $200,220 · management and general $200,220

• 7 · Other salaries and wages

  total $7,566,937 · program services $5,977,552 · management and general $1,589,385

• 9 · Other employee benefits

  total $1,385,405 · program services $1,066,198 · management and general $319,207

• 10 · Payroll taxes

  total $563,222 · program services $457,283 · management and general $105,939

• 11a · Fees: management

  total $325,000 · management and general $325,000

• 11b · Fees: legal

  total $20,067 · management and general $20,067

• 11d · Fees: lobbying

  total $3,360 · management and general $3,360

• 11g · Fees: other

  total $1,340,208 · program services $139,241 · management and general $1,200,967

• 12 · Advertising and promotion

  total $96,097 · program services $16,508 · management and general $79,589

• 13 · Office expenses

  total $76,460 · program services $59,759 · management and general $16,701

• 16 · Occupancy

  total $573,160 · program services $484,620 · management and general $88,540

• 17 · Travel

  total $143,672 · program services $128,727 · management and general $14,945

• 19 · Conferences, conventions and meetings

  total $46,238 · program services $29,429 · management and general $16,809

• 22 · Depreciation, depletion and amortization

  total $316,722 · program services $315,924 · management and general $798

• 23 · Insurance

  total $89,203 · management and general $89,203

• 24a · Other expenses: MEDICAL SUPPLIES

  total $6,888,723 · program services $6,888,723

• 24b · Other expenses: BAD DEBT EXPENSE

  total $96,702 · program services $96,702

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $41,823 · program services $6,438 · management and general $35,385

• 24d · Other expenses: REPAIRS AND REPLACEMENT

  total $22,144 · program services $22,144

• 24e · All other expenses

  total $89,880 · program services $69,405 · management and general $20,475

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,689,141 · end of year $5,045,871

• 4 · Accounts receivable

  beginning of year $2,490,951 · end of year $2,617,261

• 8 · Inventories for sale or use

  beginning of year $732,098 · end of year $869,954

• 9 · Prepaid expenses and deferred charges

  beginning of year $36,091 · end of year $51,737

• 10a · Land, buildings and equipment: cost or other basis

  $6,598,262

• 10b · Land, buildings and equipment: accumulated depreciation

  $3,412,029

• 10c · Land, buildings and equipment, net

  beginning of year $3,391,705 · end of year $3,186,233

• 11 · Investments: publicly traded securities

  beginning of year $4,914,249 · end of year $5,646,781

• 13 · Investments: program-related

  beginning of year $283,478 · end of year $283,478

• 14 · Intangible assets

  beginning of year $2,659,865 · end of year $2,659,865

• 15 · Other assets

  beginning of year $193,135 · end of year $24,105

• 17 · Accounts payable and accrued expenses

  beginning of year $1,362,181 · end of year $1,515,616

• 25 · Other liabilities

  beginning of year $350,626 · end of year $356,443

• 27 · Net assets without donor restrictions

  beginning of year $15,677,906 · end of year $18,513,226

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S PRESIDENT, KENT RIDDLE, IS COMPENSATED BY A RELATED PARTY WHO USES A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO DETERMINE HIS COMPENSATION.

PART I, LINE 4B

MARY FREE BED REHABILITATION HOSPITAL (MFB) MAINTAINS A SUPPLEMENTAL RETIREMENT PLAN (SERP) FOR A SELECT GROUP OF EXECUTIVES OF MFB AND ITS AFFILIATED ENTITIES. THIS SERP IS AN UNFUNDED, NONQUALIFIED DEFERRED COMPENSATION PLAN THAT IS INTENDED TO COMPLY WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE. BENEFITS UNDER THIS SERP IS TAXABLE TO THE PARTICIPATING EXECUTIVES WHEN SUCH AMOUNTS ARE VESTED. KENT RIDDLE IS A PARTICIPANT OF THIS PLAN. THERE WERE NO SERP PAYMENTS DURING THE YEAR.

PART I, LINE 7

NON-FIXED PAYMENTS WERE MADE TO SCOTT RIDDLE THAT WERE PREDICATED ON SCOTT MEETING CERTAIN INDIVIDUAL AND TEAM GOALS WHICH ARE SPELLED OUT IN HIS CONTRACT.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• RHH-MFB HEALTH VENTURES LLC

  IN-HOME NURSING · MI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MARY FREE BED REHABILITATION LLC

  C · PHYSICAL THERAPY · MI · controlled entity

• MARY FREE BED CONDOMINIUM ASSOCIATION

  C · CONDO MAINTENANCE · MI · controlled entity