Genesis Healthcare Inc
Overview
Mission
To provide timely, affordable, compassionate, and quality primary and preventative medical, dental, and pharmaceutical services to South Carolina's economically and culturally diverse communities.
What it reported doing in 2024
Genesis Healthcare, Inc. ("GHC") is a non-profit community healthcare center deeply committed to improving the health of our community through prevention, early intervention, rehabilitation, and education. a. Our community health centers in Darlington, Olanta, Lamar, Walterboro, and Florence, South Carolina, provide primary healthcare services to patients of all ages. Additionally, our community health center located in Goose Creek, South Carolina provides pediatric healthcare services. As a community health center, GHC is strongly committed to improving the health of its community through prevention, early intervention, rehabilitation and education. The services offered by GHC include: Continued on Schedule O - General Primary Medical Care - Behavioral Health Services - Emergency Medical Services - Diagnostic Laboratory Services - Diagnostic X-rays - Diagnostic Screenings - Ultrasounds and Echocardiography - Bone Density Testing - Care Coordination - Case Management - Immunizations - Gynecological Care - Obstetrics - Medication Management - On-site Pharmacy - Foot Care Clinic - Pharmaceuticals - Pharmacy Services - Pulmonary Function Testing - Transportation to and from Appointments, if needed - Pediatrics - Urology - Substance Abuse Screening, Referral, and Treatment In addition to the above services, GHC implemented a program entitled Case Management. Case Management is a patient management program designed to improve the health of patients with chronic illnesses such as diabetes, high blood pressure, heart disease, asthma, COPD, and high cholesterol. GHC's pharmacy is certified as a specialty pharmacy through both the Utilization Review Accreditation Commission (URAC) and the Accreditation Commission for Health Care (ACHC). Services provided by GHC are available to all community residents, regardless of their financial or insurance status. GHC offers a reduced sliding fee schedule based on an individual's income and family size.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 010932846
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Headquarters
- Columbia, SC, USA
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health
The verdict
STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.3%; rating input score 59
- Program expense ratio: 77.7%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 23.1%; rating input score 89; 89th percentile among comparable filings
- Operating reserve ratio: 2.84; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 11%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 13.2% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 14.4% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 21.3% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 59.3% of revenue deployed · 77.7% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $45.6M in reported program spending
- Leadership: top reported pay $770K · 31 people listed · 2 of 6 pay-setting controls reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 14 annual filings from 2011 to 2024
- Money network: 24 filed money-flow records
- Related organizations: 5 filed related-organization links