GENESIS HEALTH SYSTEM WORKERS' COMPENSATION PLAN AND TRUST (EIN 391905171) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

JORDAN VOIGT

Phone

5634216508

Tax Period

2023-07-01 to 2024-06-30

GENESIS HEALTH SYSTEM WORKERS' COMPENSATION PLAN AND TRUST, founded in 1997, is a micro nonprofit that reported $56K in total revenue in fiscal year 2023. Revenue fell 104% from the prior year — a significant decline worth monitoring.

Mission

TO RECEIVE, HOLD, AND INVEST CONTRIBUTIONS TO PROVIDE WORKERS' COMPENSATION BENEFITS TO PARTICIPANTS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-66,882

Other Revenue $10,728

TOTAL REVENUE $-56,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,051

Other Expenses $11,045

TOTAL EXPENSES $11,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-56,154	$1,340,292	-1.0%
Expenses	$11,045	$1,116,592	-1.0%
Net Income	$-67,199	$223,700	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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

$500,963

Total Directors

$1,928,219

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MALAS	TRUSTEE, PLAN ADMINSTRATOR & VP FIN	1.00	Officer Director	$0	$26,924	$500,963
THERESA MAIN	TRUSTEE; PRESIDENT GMC SILVIS	1.00	Director	$0	$34,614	$489,839
HEIDI KAHLY-MCMAHON	TRUSTEE; VP HUMAN RESOURCES	1.00	Director	$0	$36,562	$483,359
SIGRID ZAEHRINGER	TRUSTEE; ASSOCIATE COUNSEL	1.00	Director	$0	$16,697	$179,900
BRANDI TIESMAN	TRUSTEE; DIRECTOR HR ACUTE	1.00	Director	$0	$28,050	$167,435
CAROLYN POTTS	TRUSTEE; RISK COORDINATOR	1.00	Director	$0	$11,490	$106,723

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	$-56,154	$11,045	$7,092	$-67,199
2023	$1,340,292	$1,116,592	$15,487,405	$223,700
2022	$1,940,743	$2,338,508	$12,459,873	$-397,765
2021	$1,982,077	$2,246,521	$12,810,784	$-264,444
2020	$2,076,346	$2,492,048	$12,870,754	$-415,702
2019	$2,142,267	$1,655,117	$12,964,822	$487,150
2018	$2,021,599	$1,193,711	$12,605,579	$827,888

GENESIS HEALTH SYSTEM WORKERS' COMPENSATION PLAN AND TRUST