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Filing year 2023

MARY FREE BED INSURANCE COMPANY PCC

Grand Rapids, Michigan·EIN 85-4388186·NTEE Y20 · Mutual & Membership Benefit·501(c)(3)
Total revenue
$2.2M
Total assets
$4.1M
Total expenses
$3.2M
Reported officers
3
Mission

THE MARY FREE BED INSURANCE COMPANY PCC, SUPPORTS THE NOT FOR PROFIT MISSION OF ITS PARENT, THE MARY FREE BED REHABILITATION HOSPITAL, AND THE COMMUNITY SERVED BY ITS PARENT, BY ENHANCING THE MANAGEMENT OF PATIENT, EMPLOYEE AND OTHER RISKS, THUS REDUCING THE TOTAL COST OF ITS PARENT'S ENTERPRISE RISK.

Executive compensation

Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Treasurer
Officer (Unspecified)
$66k
$73k
Secretary
Officer (Unspecified)
$62k
$69k
President
25th percentile to median
$17k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MARY FREE BED INSURANCE COMPANY PCC equaled 2% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2023)
2%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 76%
from 2022

From $38k in 2022 to $66k in 2023.

$38k
2022
$66k
2023
In today's dollarsEst.
Up 70% in real terms$43k to $73k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 21% from 2022 to 2023, while revenue fell 4%.

$21k in 2022 to $17k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MARY FREE BED INSURANCE COMPANY PCC

What does the Chief Executive Officer of MARY FREE BED INSURANCE COMPANY PCC earn?

In 2023, the Chief Executive Officer of MARY FREE BED INSURANCE COMPANY PCC received $16,817 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MARY FREE BED INSURANCE COMPANY PCC compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2023 pay of the Chief Executive Officer at MARY FREE BED INSURANCE COMPANY PCC falls between the 25th percentile and the median. In 2023, the highest total compensation at MARY FREE BED INSURANCE COMPANY PCC equaled 2% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are MARY FREE BED INSURANCE COMPANY PCC's revenue and expenses?

In 2023, MARY FREE BED INSURANCE COMPANY PCC reported $2.2M in total revenue and $3.2M in total expenses on its IRS Form 990.

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