Genesis Health Services Foundation

Nonprofit profile at a glance

EIN
421421670
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Davenport, IA, USA
Phone
5634216865
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,572,110
Expenses
$2,461,598
Assets
$40,540,682
Liabilities
$2,480,008

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

28 people listed

Executive titles in this filing

  • SARA HODGINI (EXECUTIVE DIRECTOR)
  • JORDAN VOIGT (PRESIDENT, EASTERN IOWA)

Highest reported compensation

  • JORDAN VOIGT (PRESIDENT, EASTERN IOWA): $1,328,793 total reported compensation
  • SARA HODGINI (EXECUTIVE DIRECTOR): $163,100 total reported compensation
  • ANN O'DONNELL DO (DIRECTOR THRU 8/24; MEDICAL DIRECTOR): $4,593 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We, genesis health services foundation and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities.

What it reported doing in 2024

Genesis health services foundation (genesis foundation) meets the health care needs of the local community by soliciting, managing and granting charitable funds for genesis health system programs and services. The foundation assists aspiring and current nurses through scholarships and certifications, leading to the recruitment and retention of highly qualified nursing professionals. This investment results in better patient care. In addition to nursing education, the foundation's signature programs include free flu vaccinations for elementary school children, breast imaging (e.g. Mammograms) for patients who cannot afford these life-saving services, and nurse visits to the homes of newborns to ensure they have a healthy start in life. The foundation also provides charity care to patients that otherwise might forgo care for lack of means, and funds an employee emergency assistance fund for those employees experiencing a personal or family crisis. The foundation's investment in technology brings advancements to patients and the community at an accelerated pace. If not for the foundation, the clarissa c. Cook hospice house would not exist nor continue to provide end-of life care, especially for the less fortunate. The genesis foundation improves the health and wellbeing of the communities served by genesis health system in countless ways.please visit our website for additional information: www.mercyone.org/genesis/giving/genesis-foundation

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 76
  • Accountability: 95
  • Sustainability: 82
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.1%; rating input score 75
  • Program expense ratio: 74%; rating input score 74
  • Fundraising efficiency: $5.84 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.9%; rating input score 100; 42nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 31.1%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 16.47; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 75.1% of revenue deployed · 74% of spending went to programs
  • Governance: 23 of 23 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $1.3M · 28 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 312 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 21/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Sustainability: Officer compensation ratio scored 52/100.