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 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

WE SERVE OUR COMMUNITY BY HELPING EACH PERSON ACHIEVE THEIR OPTIMAL HEALTH AND WELL-BEING BY PROVIDING COMPASSIONATE, EXCEPTIONAL, AND AFFORDABLE HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $520,594,877 Revenue: $744,765,373

GENESIS PROVIDES ACUTE CARE SERVICES INCLUDING MEDICAL, SURGICAL, OBSTETRICAL, PEDIATRIC AND CRITICAL CARE. GENESIS PROVIDES A WIDE RANGE OF DIAGNOSTIC AND SUPPORT SERVICES FOR INPATIENTS AND...

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GENESIS PROVIDES ACUTE CARE SERVICES INCLUDING MEDICAL, SURGICAL, OBSTETRICAL, PEDIATRIC AND CRITICAL CARE. GENESIS PROVIDES A WIDE RANGE OF DIAGNOSTIC AND SUPPORT SERVICES FOR INPATIENTS AND OUTPATIENTS. THESE SERVICES ARE COMPRISED OF LABORATORY, IMAGING SERVICES, CARDIAC, AND PHARMACY. LABORATORY SERVICES INCLUDE CHEMISTRY, PATHOLOGY, MICROBIOLOGY, HEMATOLOGY, CYTOLOGY, AND PHLEBOTOMY. IMAGING SERVICES INCLUDES RADIOLOGY, NUCLEAR MEDICINE, MRI, ULTRASOUND, CT SCAN, PET SCAN, MAMMOGRAPHY AND BONE DENSITY SCANNING.GENESIS HEART & VASCULAR SERVICES PROVIDE NEEDED HEART CARE FROM PREVENTION TO REHABILITATION. OUR BOARD-CERTIFIED SPECIALISTS INCLUDE CARDIOLOGISTS, CARDIOTHORACIC VASCULAR SURGEONS, ELECTROPHYSIOLOGISTS, INTERVENTIONAL CARDIOLOGISTS, CARDIAC ANESTHESIOLOGISTS AND CARDIAC REHAB SPECIALISTS. THE CARDIOTHORACIC AND VASCULAR SURGICAL TEAMS PERFORM A WIDE VARIETY OF COMPLEX AND HIGH-RISK CARDIAC, THORACIC AND VASCULAR PROCEDURES INCLUDING OPEN HEART SURGERY. OUR CARDIAC TEAM TAKES OUR PATIENTS FROM EVALUATION AND DIAGNOSIS THROUGH LIFESTYLE CHANGES AND TREATMENTS. ALSO INCLUDED IN OUR CARDIAC SERVICES ARE OUR CLINICS AND SPECIALTY PROGRAMS. THESE INCLUDE AN ANTICOAGULATION CLINIC, A CONGESTIVE HEART FAILURE CLINIC, A DEVICE CLINIC, A VEIN CLINIC AND A CARDIAC REHABILITATION PROGRAM. GENESIS IS AN ACCREDITED CHEST PAIN CENTER WITH PCI, AN ACCREDITED ECHOCARDIOGRAPHY FACILITY. RESPIRATORY SERVICES - GENESIS RESPIRATORY & LUNG PROVIDES SERVICES FOR A VARIETY OF LUNG CONDITIONS AND DISEASES INCLUDING LUNG SURGERIES AND RESPIRATORY THERAPY. OUR TEAM, INCLUDING BOARD-CERTIFIED PULMONOLOGISTS, PROVIDE CARE AND TREATMENT FOR PATIENTS WITH PNEUMONIA, LUNG CANCER, BLACK LUNG DISEASE, RESPIRATORY FAILURE, COLLAPSED LUNG, AND OTHER PLEURAL DISEASES. THE GENESIS ORTHOPEDIC TEAM OF BOARD-CERTIFIED SURGEONS, SPECIALLY TRAINED NURSES, AND REHABILITATION THERAPISTS WORK TOGETHER TO DIAGNOSE AND TREAT THE MUSCULOSKELETAL ISSUES OF OUR PATIENTS. SERVICES RANGE FROM ADVANCED IMAGING TESTING THROUGH TO REHABILITATION. SURGICAL SURGERIES INCLUDE NUMEROUS PROCEDURES INCLUDING REPLACEMENT OF THE HIP, KNEE, OR SHOULDER AS WELL AS VARIOUS SURGERIES INVOLVING THE HAND. THE SPECIALIZED REHABILITATION PROGRAM SPEEDS RECOVERY AFTER A SERIOUS INJURY OR SURGERY RELATED TO A BONE, JOINT, LIGAMENT, TENDON OR MUSCLE. IN ADDITION TO PHYSICAL AND OCCUPATIONAL THERAPY, GENESIS ALSO PROVIDES AMPUTEE AND PROSTHETICS THERAPY AND TRAINING. IN 2023, GENESIS COSHOCTON MEDICAL CENTER OPENED. THIS IS A NEWLY CONSTRUCTED ACUTE CARE HOSPITAL FACILITY. COSHOCTION PROVIDES A WIDE RANGE OF SERVICES INCLUDING A 24/7 EMERGENCY DEPARTMENT, AN OUTPATIENT SURGERY CENTER, AN OVERNIGHT OBSERVATION UNIT, A LABORATORY, CARDIAC DIAGNOSTICS, RESPIRATORY THERAPY, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, PHYSICIAN SPECIALISTS, AND AN IMAGING DEPARTMENT THAT OFFERS MRI, CT, X-RAY, 3D MAMMOGRAPHY, AND ULTRASOUND SERVICES.GENESIS HAS INCREASED IN VISISBILITY IN HOSPICE AND PALLITATIVE CARE IN THE COMMUNITY. GENESIS HOSPICE AND PALLIATIVE CARE PROVIDES SPECIAL CARE FOR PEOPLE WHO ARE TERMINALLY ILL. THIS INVOLVES A TEAM-ORIENTED APPROACH THAT ADDRESSES THE MEDICAL, PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL NEEDS OF THE PATIENT. HOSPICE ALSO PROVIDES SUPPORT TO THE PATIENT'S FAMILY OR CAREGIVER.

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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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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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