GENESIS HEALTH SERVICES INC (EIN 650478868) - 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

1996

Legal Domicile

Principal Officer

JAMES E MCCLOUD

Phone

9419571970

Tax Period

2024-01-01 to 2024-12-31

GENESIS HEALTH SERVICES INC, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

A) PROVIDE SUPPORT AND COUNSELING FOR HIV-POSITIVE AND OTHER AT-RISK POPULATIONS. B) PROVIDE LOW COST OR FREE PRIMARY PREVENTATIVE HEALTH/DENTAL CARE FOR LOW INCOME PATIENTS. C) ORGANIZE MEDICAL EDUCATION EVENTS IN THE AREA OF ELIMINATING MINORITY HEALTH DISPARITIES

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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 $152,370

Program Service Revenue $1,069,717

Investment Income $0

Other Revenue $19,773

TOTAL REVENUE $1,241,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,929

Fundraising Expenses $0

Program Expenses $1,204,688

Other Expenses $885,759

TOTAL EXPENSES $1,204,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,241,860	$998,616	+0.2%
Expenses	$1,204,688	$684,327	+0.8%
Net Income	$37,172	$314,289	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CARTER	TREASURER	N/A	Officer Director	$0	$0	$0
FOTIOS SKORDAS DDS	DIRECTOR	N/A	Director	$0	$0	$0
SHEREKA JACKSON-MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD MOSLEY MD	SECRETARY	N/A	Director	$0	$0	$0
JAMES E MCCLOUD	PRESIDENT &	N/A	Officer Director	$0	$0	$0

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	$1,241,860	$1,204,688	$847,728	$37,172
2023	$998,616	$684,327	$591,964	$314,289
2023	$998,616	$684,327	$591,964	$314,289
2022	$728,559	$811,114	$307,292	$-82,555
2021	$800,376	$876,409	$365,710	$-76,033
2020	$428,263	$388,691	$210,422	$39,572
2019	$219,532	$245,289	$16,688	$-25,757

GENESIS HEALTH SERVICES INC