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Filing year 2023

MARY FREE BED INSURANCE COMPANY PCC

Grand Rapids, Michigan·EIN 85-4388186·NTEE Y20 · Mutual & Membership Benefit·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 · Schedule J · 3 reported individuals · Filing year 2023

Treasurer
officer (unspecified)
$66k
$73k
Secretary
officer (unspecified)
$62k
$69k
$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

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.

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

Revenue and expenses over time

MARY FREE BED INSURANCE COMPANY PCC reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.3M
$1.7M
2022
$2.2M
$3.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

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