Genesis Health System Workers' Compensation Plan and Trust

Nonprofit profile at a glance

EIN
391905171
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Davenport, IA, USA
Phone
5634216508
Rating
33
Verdict
REVIEW
Rating confidence
Limited
Sector
State-Sponsored Worker's Compensation Reinsurance Organizations

Reported finances

Revenue
$3,137
Expenses
$0
Assets
$0
Liabilities
$0

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

Leadership & pay

6 people listed

Executive titles in this filing

  • THERESA MAIN (TRUSTEE; PRESIDENT GMC SILVIS)

People named in this filing

  • JOSEPH MALAS (TRUSTEE,PLAN ADMIN & VP FIN-4/25)
  • THERESA MAIN (TRUSTEE; PRESIDENT GMC SILVIS)
  • HEIDI KAHLY-MCMAHON (TRUSTEE; VP HUMAN RESOURCES)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Funding of workers' compensation claims for its participants within the genesis health system.

What it reported doing in 2024

Funding of workers' compensation claims for its participants within the genesis health system. Genesis health system was acquired by mercyone and trinity health. As a result, this organization's activity was merged into trinity health and the wind down process is now complete.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: NotEnoughData
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -6.1% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: -5.2% per year; rating input score 0; 24th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Related organizations: 323 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.