GENESIS HEALTH SYSTEM (EIN 363616314) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JORDAN VOIGT

Phone

3092814000

Tax Period

2024-07-01 to 2025-06-30

GENESIS HEALTH SYSTEM, founded in 1988, is a major nonprofit in the Health Care sector that reported $157.0M in total revenue in fiscal year 2024. Expenses of $174.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,319,178

Program Service Revenue $139,773,447

Investment Income $374,684

Other Revenue $15,564,973

TOTAL REVENUE $157,032,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,121,502

Fundraising Expenses $0

Program Expenses $166,410,698

Other Expenses $80,718,556

TOTAL EXPENSES $174,840,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,032,282	$160,627,002	0.0%
Expenses	$174,840,058	$170,005,263	+0.0%
Net Income	$-17,807,776	$-9,378,261	+0.9%

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

Governance

Voting Members

Independent Members

Employees

847

Volunteers

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

$3,091,029

Total Directors

$4,239,609

Key Employees

$1,681,862

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C DANA WATERMAN III	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
PETER BENSON	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY BUSH	DIRECTOR AND TREASURER THRU 12/24	1.00	Officer Director	$0	$0	$0
MELISSA PEPPER	DIRECTOR; SECRETARY	1.00	Officer Director	$0	$0	$0
JORDAN VOIGT	DIRECTOR, MERCYONE EASTERN IA PRES	5.00	Officer Director	$0	$125,994	$1,328,793
DALE ZUDE	DIRECTOR, TREASURER AS OF 1/25	1.00	Officer Director	$0	$0	$0
EDMUND COYNE JR	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FITZSIMMONS MD	DIRECTOR; PATHOLOGIST	1.00	Director	$0	$35,418	$439,803
PATRICIA GROVES	DIRECTOR	1.00	Director	$0	$0	$0
LYN KETELSEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK KILMER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LARSON	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN MOTTO MD	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
LASHONDA POLITE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RITZ	DIRECTOR, MERCYONE PRESIDENT & CEO	1.00	Director	$0	$54,140	$2,471,013
JOSEPH MALAS	CFO AND ASST. TREASURER THRU 4/25	5.00	Officer	$0	$27,416	$856,623
JASON ENZLER	VP LEGAL & ASST SECRETARY THRU 8/24	5.00	Officer	$0	$25,824	$263,785
HEATHER CAMPBELL	ASST SEC AT 9/24;MERCYONE LEGAL OFF.	1.00	Officer	$0	$57,759	$641,828
THERESA MAIN	PRESIDENT GMC SILVIS	49.00	Key Emp	$793,946	$41,276	$842,474
CHRISTOPHER CROME MD	CMO THR 11/24; COO AS OF 12/24	5.00	Key Emp	$0	$42,697	$839,388
RYAN PERUMPAIL MD	PHYSICIAN - GASTROENTEROLOGY	50.00	Highest	$1,555,039	$10,695	$1,565,734
SAMYUKTHA RAMAVARAM MD	PHYSICIAN - GASTROENTEROLOGY	50.00	Highest	$1,928,500	$12,555	$1,941,055
YOUNG HUH MD	PHYSICIAN - GASTROENTEROLOGY	50.00	Highest	$1,413,439	$43,446	$1,456,885
RYAN TAYLOR DO	PHYSICIAN - PHYSICAL MED & REHAB	50.00	Highest	$1,293,627	$41,107	$1,334,734
ANOOP AGGARWAL MD	PHYSICIAN - ONCOLOGY	50.00	Highest	$1,282,962	$19,934	$1,302,896
KURT ANDERSEN	FORMER OFF,MERCYONE CENTRAL IA PRES	0.00		$0	$245,442	$1,931,294

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
2025	$157,032,282	$174,840,058	$341,810,102	$-17,807,776
2024	$160,627,002	$170,005,263	$215,360,392	$-9,378,261
2023	$149,676,915	$162,920,403	$144,443,750	$-13,243,488
2022	$153,468,218	$158,605,565	$147,292,721	$-5,137,347
2021	$142,547,294	$142,346,214	$156,568,342	$201,080
2020	$106,424,215	$104,058,994	$149,319,694	$2,365,221
2020	$93,824,215	$104,058,994	$149,319,694	$-10,234,779
2019	$97,442,452	$91,963,132	$109,980,133	$5,479,320
2018	$95,998,120	$87,870,980	$102,265,889	$8,127,140

GENESIS HEALTH SYSTEM