GENESIS HEALTHCARE SYSTEM

EIN: 311480941 501(c)(3) Health Care

ZANESVILLE, OH

Total Revenue
$759,908,584
Total Expenses
$662,821,713
Total Assets
$728,114,752
Net Assets
$260,893,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
OH
Principal Officer
MATTHEW PERRY
Phone
7404545000
Tax Period
2024-01-01 to 2024-12-31

GENESIS HEALTHCARE SYSTEM, founded in 1997, is a major nonprofit in the Health Care sector that reported $759.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $662.8M left a modest 13% surplus.

Mission

IN 1997, GOOD SAMARITAN MEDICAL CENTER AND BETHESDA HOSPITAL ASSOCIATION, A TAX-EXEMPT COMMUNITY HOSPITAL ALSO LOCATED IN ZANESVILLE, AFFILIATED TO FORM GENESIS HEALTHCARE SYSTEM. GENESIS HAS BEEN GRANTED 501C3 STATUS AS A HOSPITAL. ALL HOSPITAL OPERATIONS AND ASSETS OF GOOD SAMARITAN MEDICAL CENTER WERE TRANSFERRED TO GENESIS WITH THE EXCEPTION OF CERTAIN INVESTMENTS. GOOD SAMARITAN MEDICAL CENTER WILL CONTINUE TO HAVE CONTROL OVER CERTAIN INVESTMENTS WHICH ARE BEING USED BY THE GENESIS HEALTHCARE SYSTEM IN FULFILLING ITS TAX-EXEMPT PURPOSE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,772,542
Program Service Revenue $657,399,061
Investment Income $11,563,560
Other Revenue $89,173,421
TOTAL REVENUE $759,908,584

Expense Breakdown

Grants Paid $572,423
Salaries & Benefits $248,265,468
Fundraising Expenses $0
Program Expenses $520,594,877
Other Expenses $413,983,822
TOTAL EXPENSES $662,821,713

Year-over-Year Comparison

2024 2023 Change
Revenue $759,908,584 $669,356,215 +0.1%
Expenses $662,821,713 $602,879,883 +0.1%
Net Income $97,086,871 $66,476,332 +0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
16
Employees
4004
Volunteers
422

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,216,673
Total Directors
18
$1,790,185
Key Employees
9
$5,782,018
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTY RITCHIE MD TRUSTEE 50.00
Director
$655,571 $42,630 $698,201
BRANDICE ALEXANDER DO PRESIDENT OF MEDICAL STAFF 50.00
Director
$656,805 $28,913 $685,718
ERIN REMSTER DO TRUSTEE 50.00
Director
$377,489 $28,777 $406,266
RANDY COCHRANE TRUSTEE 1.35
Director
$0 $0 $0
TOD KLOTZBACH VICE CHAIR 1.32
Officer Director
$0 $0 $0
JAMES MCDONALD CHAIR 1.32
Officer Director
$0 $0 $0
JIM NICHOLSON TREASURER 1.29
Officer Director
$0 $0 $0
MATT ABBOTT ASST. SECRETARY 1.17
Officer Director
$0 $0 $0
SCOTT MCCONNAHA EX-OFFICIO 1.29
Director
$0 $0 $0
SR MAUREEN ANNE SHEPARD TRUSTEE 1.35
Director
$0 $0 $0
PATRICK NASH TRUSTEE 1.35
Director
$0 $0 $0
DANA MATZ TRUSTEE 1.29
Director
$0 $0 $0
JOANN BUTCHER TRUSTEE 1.32
Director
$0 $0 $0
HANNAH NISSEN TRUSTEE 1.26
Director
$0 $0 $0
SUSAN HOLDREN TRUSTEE 1.32
Director
$0 $0 $0
WILLIAM NOLL TRUSTEE 1.35
Director
$0 $0 $0
LORI LOWE TRUSTEE 1.23
Director
$0 $0 $0
SUSAN HASSELER PHD TRUSTEE 1.26
Director
$0 $0 $0
MATTHEW PERRY PRESIDENT/CEO 49.83
Officer
$1,042,506 $35,670 $1,078,176
ADAM HOPPER CHIEF FINANCIAL OFFICER 50.00
Officer
$130,955 $7,542 $138,497
DIANNA LEVECK CHIEF HUMAN RESOURCES OFFI 49.00
Key Emp
$873,193 $34,795 $907,988
MICHAEL NORMAN CHIEF FINANCIAL OFFICER 48.92
Key Emp
$628,779 $42,020 $670,799
EDMUND ROMITO CHIEF INFORMATION OFFICER 50.00
Key Emp
$633,577 $30,083 $663,660
SCOTT WEGNER MD CHIEF CLINICAL OFFICER 50.00
Key Emp
$584,948 $45,865 $630,813
SHARON PARKER CHIEF OPERATION OFFICER 49.00
Key Emp
$599,352 $30,843 $630,195
WENDY CEDOZ CHIEF LEGAL OFFICER 48.79
Key Emp
$586,741 $32,553 $619,294
CHRISTOPHER SCHOELLES CHIEF OPERATION OFFICER 50.00
Key Emp
$552,015 $41,089 $593,104
LINDA SUPPLEE DIRECTOR/CPHO 50.00
Key Emp
$540,465 $7,071 $547,536
SHON BENDER CHIEF NURSING OFFICER 48.96
Key Emp
$501,021 $17,608 $518,629
LES BOYER DIRECTOR 50.00
Highest
$293,018 $25,103 $318,121
GREG MATONAK DIRECTOR 50.00
Highest
$276,045 $27,851 $303,896
MARIANNE GRAHAM DIRECTOR 50.00
Highest
$246,246 $30,199 $276,445
TISHA BABCOCK DIRECTOR 50.00
Highest
$211,345 $33,495 $244,840
CHARLES ADAMS LEAN SIX SIGMA, DIRECTOR 50.00
Highest
$247,413 $24,194 $271,607
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $759,908,584 $662,821,713 $728,114,752 $97,086,871
2023 $669,356,215 $602,879,883 $626,849,932 $66,476,332
2022 $610,505,890 $545,465,141 $601,707,220 $65,040,749
2021 $590,938,337 $508,437,145 $667,796,820 $82,501,192
2020 $527,497,671 $450,725,758 $697,051,307 $76,771,913
2019 $484,759,660 $428,202,670 $607,216,176 $56,556,990
2018 $438,940,419 $388,645,747 $545,108,599 $50,294,672
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