GENESIS REHABILITATION HOSPITAL INC (EIN 593284221) - 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

1994

Legal Domicile

Phone

9043457600

Tax Period

2024-01-01 to 2024-12-31

GENESIS REHABILITATION HOSPITAL INC, founded in 1994, is a major nonprofit in the Health Care sector that reported $192.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $169.6M left a modest 12% surplus.

Mission

OPERATION OF REHABILITATION HOSPITAL AND CLINICS IN JACKSONVILLE, FL AND SURROUNDING AREAS.

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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 $188,699,624

Investment Income $3,535,051

Other Revenue $565,615

TOTAL REVENUE $192,800,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,216,623

Fundraising Expenses $0

Program Expenses $140,881,197

Other Expenses $84,347,056

TOTAL EXPENSES $169,563,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,800,290	$174,964,509	+0.1%
Expenses	$169,563,679	$159,963,245	+0.1%
Net Income	$23,236,611	$15,001,264	+0.5%

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

1545

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

$1,522,044

Total Directors

$4,028,913

Key Employees

$462,735

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
Bruce M Johnson	Board Member	1.0	Director	$0	$0	$26,100
Eric Mann	Board Member	1.0	Director	$0	$0	$45,900
Ernest N Brodsky	Vice Chair	1.0	Director	$0	$0	$26,100
Geneva Tonuzi MD	Board Member	1.0	Director	$0	$23,000	$414,763
Howard C Serkin	Board Member	1.0	Director	$0	$0	$33,600
Jerry Gooden	Board Member	1.0	Director	$0	$0	$12,600
Kenneth Ngo MD	Board Member	1.0	Director	$0	$63,858	$423,224
Kris A Roberts	Board Member	1.0	Director	$0	$34,407	$409,845
Lee Lomax	Board Member	1.0	Director	$0	$0	$23,100
Michelle Boynton	Board Member	1.0	Director	$0	$0	$11,400
Pamela S Chally PHD RN	Chairperson	1.0	Director	$0	$0	$27,000
Parag Shah MD	Board Member	1.0	Director	$0	$54,046	$371,432
Stanley W Carter	Secretary	1.0	Director	$0	$0	$22,500
Thomas Brott MD	Board Member	1.0	Director	$5,100	$0	$5,100
Trevor Paris MD	Board Member	1.0	Director	$0	$57,408	$654,205
Amanda L Osborne	VP Operations	40.0	Key Emp	$220,393	$34,527	$254,920
Bryan Murphy	VP Operations	40.0	Key Emp	$175,750	$32,065	$207,815
Adam Francis	Director of Nursing	40.0	Highest	$149,881	$24,813	$174,694
Gregory Smith	Chief Nursing Officer	40.0	Highest	$197,798	$19,564	$217,362
Joshua Schuette	Exec. Dir. Workers Comp.	40.0	Highest	$156,470	$44,308	$200,778
Russell Addeo	Dir. Behavioral Medicine	40.0	Highest	$187,413	$35,637	$223,050
Ruth Ann Righter	Flex RN	40.0	Highest	$162,274	$0	$162,274

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	$192,800,290	$169,563,679	$192,102,675	$23,236,611
2023	$174,964,509	$159,963,245	$169,350,128	$15,001,264
2022	$143,290,341	$140,454,494	$153,240,462	$2,835,847
2022	$143,290,341	$140,454,494	$153,240,462	$2,835,847
2021	$127,892,982	$115,997,780	$156,540,953	$11,895,202
2021	$127,892,982	$115,997,780	$156,540,953	$11,895,202
2020	$118,104,772	$111,626,544	$294,742,709	$6,478,228
2019	$124,955,329	$106,729,053	$133,663,588	$18,226,276
2018	$111,928,287	$101,057,685	$108,835,898	$10,870,602

GENESIS REHABILITATION HOSPITAL INC