DAVENPORT, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GENESIS HEALTH SYSTEM, founded in 1994, is a major nonprofit in the Health Care sector that reported $736.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $711.2M left a modest 3% surplus.
WE, GENESIS HEALTH SYSTEM AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.
GENESIS HEALTH SYSTEM (MERCYONE GENESIS) IS A HEALTH SYSTEM LOCATED IN EASTERN IOWA CONSISTING OF THREE HOSPITAL FACILITIES, TWO IN DAVENPORT AND ONE IN DEWITT, IOWA. MERCYONE GENESIS DAVENPORT...
GENESIS HEALTH SYSTEM (MERCYONE GENESIS) IS A HEALTH SYSTEM LOCATED IN EASTERN IOWA CONSISTING OF THREE HOSPITAL FACILITIES, TWO IN DAVENPORT AND ONE IN DEWITT, IOWA. MERCYONE GENESIS DAVENPORT MEDICAL CENTER CONTAINS 502 LICENSED ACUTE CARE BEDS. MERCYONE GENESIS DEWITT MEDICAL CENTER CONTAINS 13 LICENSED ACUTE CARE AND SWING BEDS. MERCYONE GENESIS ALSO INCLUDES A FAMILY MEDICINE RESIDENCY PROGRAM THAT CONTINUES TO EDUCATE RESIDENTS IN THE HOSPITAL SETTING. GENESIS HEALTH GROUP, A PHYSICIAN GROUP WITHIN MERCYONE GENESIS ENCOMPASSES A WIDE VARIETY OF SPECIALTIES AND FAMILY PRACTICE GROUPS SERVING IOWA, ILLINOIS AND SURROUNDING COMMUNITIES IN EASTERN IOWA AND WESTERN ILLINOIS. GENESIS AT HOME VNA & HOSPICE, A VISITING NURSE AND HOSPICE CARE PROGRAM WITHIN MERCYONE GENESIS ENCOMPASSES HOME HEALTH SERVICES (INCLUDING PHYSICAL THERAPY, OCCUPATIONAL/SPEECH THERAPY, SKILLED NURSING, MEDICAL SOCIAL WORKER VISITS), COMMUNITY HOSPICE SERVICES, AND THE CLARISSA C. COOK HOSPICE HOUSE LOCATED IN BETTENDORF, IOWA. PLEASE SEE SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS, AND AWARDS: WWW.MERCYONE.ORG/GENESIS
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $736,077,896 | $675,652,982 | +0.1% |
| Expenses | $711,195,622 | $640,558,652 | +0.1% |
| Net Income | $24,882,274 | $35,094,330 | -0.3% |
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
Sign In| 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 |
| MELISSA PEPPER | DIRECTOR; SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREGORY BUSH | DIRECTOR AND TREASURER THRU 12/24 | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JORDAN VOIGT | DIRECTOR, MERCYONE EASTERN IA PRES | 30.00 |
Officer
Director
|
$765,249 | $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 | 48.00 |
Director
|
$404,385 | $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 | 39.00 |
Officer
|
$821,741 | $27,416 | $856,623 |
| JASON ENZLER | VP LEGAL & ASST SECRETARY THRU 8/24 | 40.00 |
Officer
|
$237,961 | $25,824 | $263,785 |
| HEATHER CAMPBELL | ASST SEC AT 9/24;MERCYONE LEGAL OFF. | 1.00 |
Officer
|
$0 | $57,759 | $641,828 |
| CHRISTOPHER CROME MD | CMO THR 11/24; COO AS OF 12/24 | 40.00 |
Key Emp
|
$787,460 | $42,697 | $839,388 |
| HEIDI KAHLY-MCMAHON | VP HUMAN RESOURCES | 50.00 |
Highest
|
$771,040 | $34,802 | $805,842 |
| MAY YAZEJI MD | PHYSICIAN - OBSTETRICS & GYNECOLOGY | 50.00 |
Highest
|
$688,231 | $22,410 | $710,641 |
| MITCHELL KRAMER MD | PHYSICIAN - FAMILY MEDICINE | 50.00 |
Highest
|
$668,832 | $19,946 | $688,778 |
| ROBERT FRIEDEN | VP INFORMATION SYSTEMS | 50.00 |
Highest
|
$614,936 | $9,582 | $624,518 |
| BRIAN CADY MD | PHYSICIAN - INTERNAL MEDICINE | 50.00 |
Highest
|
$591,206 | $34,780 | $625,986 |
| KURT ANDERSEN | FORMER OFF,MERCYONE CENTRAL IA PRES | 0.00 |
|
$0 | $245,442 | $1,931,294 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $736,077,896 | $711,195,622 | $1,159,987,201 | $24,882,274 |
| 2024 | $675,652,982 | $640,558,652 | $876,810,249 | $35,094,330 |
| 2023 | $566,591,612 | $626,348,697 | $731,064,616 | $-59,757,085 |
| 2022 | $541,189,562 | $566,538,633 | $919,407,007 | $-25,349,071 |
| 2021 | $556,919,552 | $530,354,888 | $1,001,993,046 | $26,564,664 |
| 2020 | $534,820,030 | $526,791,273 | $929,416,357 | $8,028,757 |
| 2019 | $530,251,339 | $521,514,344 | $866,762,987 | $8,736,995 |
| 2018 | $526,361,166 | $511,533,094 | $848,319,427 | $14,828,072 |
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