GENESIS HEALTH INC (EIN 592249370) - 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

1982

Legal Domicile

Phone

9043457600

Tax Period

2024-01-01 to 2024-12-31

GENESIS HEALTH INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $56.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $51.9M left a modest 8% surplus.

Mission

SUPPORT AND ADMINISTRATION FOR BROOKS REHABILITATION HOSPITAL AND AFFILIATES.

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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 $725,000

Program Service Revenue $36,255,916

Investment Income $18,837,492

Other Revenue $592,750

TOTAL REVENUE $56,411,158

Expense Breakdown

Grants Paid $698,812

Salaries & Benefits $25,166,359

Fundraising Expenses $0

Program Expenses $38,403,688

Other Expenses $26,021,146

TOTAL EXPENSES $51,886,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,411,158	$49,466,568	+0.1%
Expenses	$51,886,317	$45,667,488	+0.1%
Net Income	$4,524,841	$3,799,080	+0.2%

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

323

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

$2,386,615

Total Directors

$3,324,920

Key Employees

$371,298

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas M Baer	Chairman / CEO	39.0	Officer Director	$830,737	$71,358	$902,095
Howard C Serkin	Vice-Chairman	2.0	Officer Director	$33,600	$0	$33,600
J Britton Tabor	SEC. / TREAS. / CFO	37.0	Officer Director	$593,761	$26,188	$619,949
Kris A Roberts	COO IP & Home Health	22.0	Officer Director	$375,438	$34,407	$409,845
Victor DeRienzo	COO Aging Services & OP	20.0	Officer Director	$370,039	$51,087	$421,126
Bruce M Johnson	Board Member	2.0	Director	$26,100	$0	$26,100
Charlie Tomm	Board Member	1.0	Director	$11,100	$0	$11,100
Eric Mann	Chairman	2.0	Director	$45,900	$0	$45,900
Ernest N Brodsky	Board Member	1.0	Director	$26,100	$0	$26,100
Jerry Gooden	Board Member	1.0	Director	$12,600	$0	$12,600
Kevin Barrett MD	Board Member	1.0	Director	$8,400	$0	$8,400
Lee Lomax	Board Member	1.0	Director	$23,100	$0	$23,100
Lisa Palmer	Board Member	1.0	Director	$14,400	$0	$14,400
Lynn Pappas	Board Member	1.0	Director	$23,700	$0	$23,700
Michelle Boynton	Board Member	1.0	Director	$11,400	$0	$11,400
Pamela S Chally PHD RN	Board Member	1.0	Director	$27,000	$0	$27,000
Russell Newton	Board Member	1.0	Director	$17,100	$0	$17,100
Stanley W Carter	Board Member	1.0	Director	$22,500	$0	$22,500
Timothy Cost	Board Member	1.0	Director	$14,700	$0	$14,700
Trevor Paris MD	CMO	30.0	Director	$596,797	$57,408	$654,205
Joanne Hoertz	SVP Nursing	40.0	Key Emp	$338,497	$32,801	$371,298
KATHY BARBOUR	VP Chief Marketing & Communications Officer	40.0	Highest	$271,009	$29,014	$300,023
KERRY A MAHER MD	SVP PM&R Consulting & Education	40.0	Highest	$467,898	$30,500	$498,398
LISA KEMPH	VP Chief Human Resources Officer	40.0	Highest	$291,215	$22,574	$313,789
ROBERT ROWE	EXECUTIVE DIRECTOR OF HIGHER LEARNING	40.0	Highest	$194,327	$42,072	$236,399

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	$56,411,158	$51,886,317	$634,657,043	$4,524,841
2023	$49,466,568	$45,667,488	$596,194,016	$3,799,080
2022	$47,400,241	$40,302,475	$557,773,912	$7,097,766
2022	$47,400,241	$40,302,475	$557,773,912	$7,097,766
2021	$57,247,537	$41,944,855	$653,224,899	$15,302,682
2021	$57,247,537	$41,944,855	$653,224,899	$15,302,682
2020	$41,636,971	$31,113,511	$468,882,576	$10,523,460
2019	$61,687,831	$33,901,508	$433,126,271	$27,786,323
2018	$12,647,833	$32,066,767	$381,055,063	$-19,418,934

GENESIS HEALTH INC