Genesis Health Services Foundation

EIN: 421421670 501(c)(3) Health Care

Davenport, IA

Total Revenue
$2,239,344
Total Expenses
$2,927,990
Total Assets
$34,557,018
Net Assets
$32,407,757
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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
1994
Legal Domicile
IA
Phone
5634216508
Tax Period
2022-07-01 to 2023-06-30

Genesis Health Services Foundation, founded in 1994, is a community nonprofit in the Health Care sector that reported $2.2M in total revenue in fiscal year 2022. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 31% operating deficit.

Mission

We, Genesis Health Services Foundation and Trinity Health, serve together in the spirit of the Gospel as a compassionate and transforming healing presence within our communities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,684,780
Program Service Revenue $0
Investment Income $638,300
Other Revenue $-83,736
TOTAL REVENUE $2,239,344

Expense Breakdown

Grants Paid $2,191,607
Salaries & Benefits $450,652
Fundraising Expenses $310,320
Program Expenses $2,191,607
Other Expenses $285,731
TOTAL EXPENSES $2,927,990

Year-over-Year Comparison

2022 2021 Change
Revenue $2,239,344 $4,061,950 -0.4%
Expenses $2,927,990 $2,493,790 +0.2%
Net Income $-688,646 $1,568,160 -1.4%
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
23
Independent Members
21
Employees
7
Volunteers
115

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
5
$698,058
Total Directors
25
$530,854
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR; MEDICAL DIRECTOR 1.5
Officer Director
$0 $26,015 $215,044
N/A TREASURER 1.5
Officer Director
$0 $0 $0
N/A VICE CHAIR; AFFILIATE SENIOR SERVICES EXECUTIVE DIRECTOR 1.5
Officer Director
$0 $27,470 $315,810
N/A SECRETARY 1.5
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER THRU NOVEMBER 2022 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER 1.5
Director
$0 $0 $0
N/A BOARD MEMBER THRU NOVEMBER 2022 1.5
Director
$0 $0 $0
N/A EXECUTIVE DIRECTOR 32.0
Officer
$112,407 $26,695 $167,204
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,239,344 $2,927,990 $34,557,018 $-688,646
2022 $4,061,950 $2,493,790 $32,103,921 $1,568,160
2021 $4,552,244 $3,130,306 $37,006,850 $1,421,938
2020 $4,654,049 $3,201,238 $29,979,524 $1,452,811
2019 $4,709,779 $2,562,328 $29,055,311 $2,147,451
2018 $3,529,674 $2,498,844 $27,720,243 $1,030,830
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