NonprofitsMary Free Bed Insurance Company Pcc

Mutual & Membership Benefit

Mary Free Bed Insurance Company Pcc

GRAND RAPIDS, MI

Total revenue

$2.2M

Total expenses

$3.2M

Net assets

$922K

Grants received

EIN

854388186

Tax year

2023

Mission

The captive issues deductible reimbursement policies to its not-for-profit owner for losses incurred under commercial insurance policies, covering general and professional liability, and excess workers compensation and employee medical plan expenses.captive promotes the health of the community it and mfb serve through various means, including, but not limited to, providing health care services to all persons seeking care at captive's parent's facilities without regard to any person's ability to pay for such care, and, in particular, providing health care services on a non-discriminatory basis to all medicare and medicaid patients seeking care at captive's facilities.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$2.1M
Investment income$120K
Other revenue
Total revenue$2.2M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$3.2M
Total expenses$3.2M
Total assets$4.1M
Net assets$922K

People

3 listed

NameRoleCompensation

KENT RIDDLE

SECRETARY

Board

1 hrs/wk

RYAN PODVIN

TREASURER

Board

1 hrs/wk

NATHANIEL GUZMAN

PRESIDENT

Board

1 hrs/wk

Details

EIN854388186
NTEE codeY20
Subsection03
Ruling date2022-03
Formed2020
Employees0
Volunteers0
MARY FREE BED INSURANCE COMPANY PCC — Mission, Financials & Grants Received | Grantivo