GENESIS HEALTH DEVELOPMENT INC (EIN 592249372) - 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

1983

Legal Domicile

Phone

9043457600

Tax Period

2024-01-01 to 2024-12-31

GENESIS HEALTH DEVELOPMENT INC, founded in 1983, is a mid-sized nonprofit that reported $46.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

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

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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 $0

Program Service Revenue $44,822,422

Investment Income $1,703,460

Other Revenue $79,166

TOTAL REVENUE $46,605,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,092,220

Fundraising Expenses $0

Program Expenses $37,621,927

Other Expenses $12,158,238

TOTAL EXPENSES $49,250,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,605,048	$41,423,924	+0.1%
Expenses	$49,250,458	$42,366,037	+0.2%
Net Income	$-2,645,410	$-942,113	+1.8%

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

524

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

$2,353,015

Total Directors

$2,386,615

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas M Baer	Chairman / CEO	1.0	Officer Director	$0	$71,358	$902,095
J Britton Tabor	SEC. / TREAS. / CFO	1.0	Officer Director	$0	$26,188	$619,949
Kris A Roberts	COO	1.0	Officer Director	$0	$34,407	$409,845
Victor DeRienzo	COO	1.0	Officer Director	$0	$51,087	$421,126
Howard C Serkin	Board Member	1.0	Director	$0	$0	$33,600
Ann L Leinenwever	VP Outpatient	40.0	Highest	$157,887	$20,117	$178,004
Jaqueline E Oetjen	Executive Director OP	40.0	Highest	$142,640	$25,424	$168,064
Jodi Morgan	Director Aphasia Program	40.0	Highest	$99,012	$30,080	$129,092
Michael B Hagist	Regional Director OP	40.0	Highest	$119,401	$17,880	$137,281
Thomas Langer	Center Manager	40.0	Highest	$114,578	$19,065	$133,643

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	$46,605,048	$49,250,458	$33,346,152	$-2,645,410
2023	$41,423,924	$42,366,037	$33,405,906	$-942,113
2022	$39,547,837	$37,992,897	$40,056,632	$1,554,940
2022	$39,547,837	$37,992,897	$40,056,632	$1,554,940
2021	$37,132,798	$36,609,781	$25,745,528	$523,017
2021	$37,132,798	$36,609,781	$25,745,528	$523,017
2020	$33,768,387	$31,873,495	$27,045,039	$1,894,892
2019	$34,452,093	$32,196,208	$21,359,364	$2,255,885
2018	$30,984,568	$28,167,748	$16,690,312	$2,816,820

GENESIS HEALTH DEVELOPMENT INC