GENESIS HEALTH INC

EIN: 592249370 501(c)(3) Health Care

Jacksonville, FL

Total Revenue
$56,411,158
Total Expenses
$51,886,317
Total Assets
$634,657,043
Net Assets
$314,142,063
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Organization Details

Formation Year
1982
Legal Domicile
FL
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

TO ADVANCE HEALTH AND WELL-BEING OF PERSONS REQUIRING REHABILITATION THROUGH SUPERIOR OUTCOMES, SERVICE, EDUCATION AND RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $38,403,688 Revenue: $36,255,916

Brooks Rehabilitation is dedicated to offering the most advanced therapies for all patients. Brooks commitment to providing the best care possible is exemplified by the depth and breadth of programs...

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Brooks Rehabilitation is dedicated to offering the most advanced therapies for all patients. Brooks commitment to providing the best care possible is exemplified by the depth and breadth of programs and services offered. By linking the best minds in rehabilitation with the latest treatments and technology, Brooks Rehabilitation enables patients to achieve the highest quality of life possible. Brooks Rehabilitation is a post-acute system of care with a stated mission of empowering people to achieve their highest level of recovery and participation in life through excellence in rehabilitation. Brooks' vision is to be a recognized leader in providing a system of world-class rehabilitation solutions, advancing the health and well-being of the communities it serves. The mission and vision of Brooks is accomplished through its values of excellence in care, demonstrated through innovation, integrity, service, compassion, teamwork, accountability, and continuous learning. Brooks Rehabilitation maintains a strong reputation for clinical excellence, financial performance, innovation and community outreach in the markets it serves. By focusing on becoming a comprehensive post-acute health system, Brooks Rehabilitation is uniquely positioned to succeed in the challenging healthcare environment. Brooks Rehabilitation is a recognized leader in providing a system of world-class rehabilitation solutions, advancing the health and well-being of its communities. In 2020, Brooks celebrated 50 years of expertise empowering people to achieve their highest level of recovery and participation in life. Brooks Rehabilitation System of Care offers unique care settings for every stage of recovery so patients can stay with Brooks for their entire rehabilitation journey. Brooks' team of physicians, therapists and nurses have specialized education for patients' medical and rehabilitation needs. Dedicated care teams work with patients and their families to develop individualized treatment plans based on recovery goals. Excellence in care is demonstrated through innovation, compassion and consistently providing the highest quality of care. Brooks Rehabilitation provides a full continuum of care to support the comprehensive needs of patients and their families. The value of Brooks' System of Care lies in the individualized care from expert clinicians and its commitment to exceptional service, giving patients a great experience in every Brooks' location. Brooks specializes in the treatment of: -Stroke -Brain Injury -Spinal Cord Injury -Neurological Disorders -Orthopedics -Pediatrics -Balance Disorders -Sports Injuries -Chronic Pain Disorders -Low Vision GENERAL INFORMATION Genesis Health, Inc., doing business as Brooks Rehabilitation, headquartered in Jacksonville, Florida, has served the northeast Florida community for 50 years, and continues to expand its service area in the southeast region of the country. Brooks Rehabilitation is comprised of the following not-for-profit legal entities: -Genesis Health, Inc. d/b/a Brooks Rehabilitation [59-2249370] -Genesis Rehabilitation Hospital, Inc. d/b/a Brooks Rehabilitation Hospital [59-3284221] -Genesis Health Development, Inc. d/b/a Brooks Health Development [59-2249372] -Genesis Health Foundation, Inc., d/b/a Brooks Health Foundation. [59-2249340] -Physical Medicine Specialists, Inc., d/b/a Brooks Rehabilitation Specialists [59-3530305] -Brooks Home Care Advantage, Inc., d/b/a Brooks Rehabilitation Home Health [26-2216181] -Brooks Skilled Nursing Facility A., Inc. [27-2153586] -Brooks Rehabilitation Clinical Research Center, Inc. [45-2094888] -Brooks Halifax Rehabilitation Services, LLC Brooks Rehabilitation Hospital Brooks Rehabilitation Hospital's University campus is a 160-licensed bed inpatient rehabilitation facility. With approximately 2,800 annual discharges and 51,000 inpatient days in 2024, the hospital is one of the busiest freestanding rehabilitation hospitals in the country. In the spring of 2022, Brooks Rehabilitation completed construction of a new 60-bed state-of-the-art hospital on its Bartram Park campus. Innovative technology and clinical expertise will ensure the excellence of service synonymous with Brooks Rehabilitation. In 2024, the Bartram campus reported approximately 1,500 discharges and 21,000 inpatient days. Brooks Rehabilitation Hospital has been a leader in rehabilitation programs and services for 50 years. The hospital focuses on serving the most complex patients, ranking in the 99th percentile nationally for case mix index (patient acuity). It is the only one of its kind in the region, providing the highest quality rehabilitation and medical care for patients that require intensive therapy. By specializing in traumatic brain injury, spinal cord injury, stroke, pediatrics, orthopedics and neurological disorders, the hospital is a destination for the region for treating acute traumatic or acquired illnesses and injuries. Patients receive 24-hour medical care with daily physician oversight and nursing care. They receive a minimum of three hours of therapy, five days a week, including physical, occupational, and speech therapies. Cognitive rehabilitation, neuropsychology, psychology, and recreation therapy are provided as appropriate to meet patient and family needs. Onsite innovative Neuro Recovery Center, aquatic program, and wheelchair clinic with pressure mapping technology ensure the latest evidence-based treatments. Services include treatments for a wide range of injuries, and illnesses: stroke, mild to catastrophic brain injuries, spinal cord injuries, neurological disorders, amputation, chronic pain, and orthopedic conditions. A hospital level of care is available for pediatric, adolescent, and adult patients. We combine highly trained clinicians with the latest technologies to advance rehabilitation through innovation and research-based practice. Our clinical staff is among the highest trained and educated in the profession for rehabilitation, medical care and nursing. This, combined with our state-of-the-art equipment, supports our commitment to providing the best therapy and care to help patients achieve their highest quality of life. Brooks' care teams understand that a severe injury or illness can be life-altering for patients and their families, which is why Brooks strives to provide the most advanced therapy along with compassion, motivation and hope. Comprehensive care teams include physicians specializing in rehabilitation, specially trained nurses, physical therapists, occupational therapists, speech language pathologists, recreational therapists, social workers, dieticians, neuropsychologists, psychologists, case managers and therapy dogs. Services offered at Brooks Hospital include: -Aquatic therapy -Chaplain services -Cognitive rehabilitation -Community re-entry programs -Family education -Neuro Recovery Centers -Nutrition counseling -Occupational therapy -Physical medicine -Physical therapy -Recreation therapy -Rehabilitation nursing -Speech therapy -Music Therapy -Support groups Patients have access to sophisticated therapeutic settings. Every floor of the hospital contains multiple therapy gyms for daily intensive rehabilitation. Brooks also offers access to our Neuro Recovery Center, which is a specialized gym equipped with the most cutting-edge rehabilitation equipment and technology available. Under the guidance of clinicians with expertise in neurology, our patients and community members can continue to improve their neuroplasticity and maximize long-term recovery. Brooks Rehabilitation Hospital is CARF-accredited in stroke, spinal cord injury, brain injury, pain, pediatrics and general medical rehabilitation. This accreditation reflects proven outcomes achieved through evidence-based practice. Brooks Rehabilitation Hospital provides 24-hour nursing services furnished or supervised by registered nurses. Nursing team members include registered nurses, licensed practical nurses and nursing assistants. Brooks Rehabilitation Hospital achieved Magnet designation from the American Nurses Credentialing Center (ANCC) as a reflection of its nursing professionalism, teamwork, and superiority in patient care. Rehabilitation nurses make a difference in their patients' lives. They work with patients of all ages, and their families or caregivers, soon after the onset of a disabling injury or chronic illness. They restore patients' lives so they have freedom and independence once again. As a collaborator, educator, care coordinator, advocate, and change agent, rehabilitation nurses work with other healthcare team members, including physiatrists, occupational therapists, physical therapists, neuropsychiatrists, speech therapists, and others, to create comprehensive care plans based on patient goals and maximum potential.

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

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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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Governance

Voting Members
19
Independent Members
15
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
5
$2,386,615
Total Directors
20
$3,324,920
Key Employees
1
$371,298
Highest Compensated
4
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
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