Genesis Healthcare System Group Return

Nonprofit profile at a glance

EIN
311773259
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Zanesville, OH, USA
Phone
7404545000
Rating
60
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,920,796
Expenses
$365,501
Assets
$80,598,958
Liabilities
$36,243

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

Leadership & pay

15 people listed

Executive titles in this filing

  • MATTHEW PERRY (PRESIDENT/CEO)

Highest reported compensation

  • MATTHEW PERRY (PRESIDENT/CEO): $1,078,176 total reported compensation
  • BRANDY ALEXANDER DO (BOARD MEMBER): $685,718 total reported compensation
  • MICHAEL NORMAN (CHIEF FINANCIAL OFFICER:END 09/24): $670,799 total reported compensation

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

Overview

Mission

To promote charitable support for genesis healthcare system as we share its mission to provide compassionate, quality healthcare.

What it reported doing in 2024

The affiliates of genesis healthcare system (the "hospital"), a 501(c)(3) organization, have elected to be included in a group return. However, each affiliate has separately stated its 2024 program service accomplishments below: genesis healthcare foundation: genesis healthcare foundation provides funding to genesis healthcare system for the newly completed hospital, as well as miscellaneous major and minor medical equipment, various programs, and education. All of the assets of bethesda health foundation and good samaritan medical center foundation were transferred to genesis healthcare foundation in 1999.careserve: careserve provided skilled nursing care through its two facilities, located in zanesville and mcconnelsville, until the beds from both facilities and property from mcconnelsville were sold in october 2010. The zanesville property was leased to the new owners until november of 2013. The net book value of the property was then transferred to genesis healthcare system to house their behavioral health services.bethesda hospitality shop: bethesda hospitality shop and events are run by volunteers, using proceeds from sales.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 57
  • Accountability: 86
  • Sustainability: 88
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 21.1%; rating input score 21
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: $556.82 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 1st 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: 55.7%; rating input score 56; 16th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 90.7%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 220.52; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 31.2%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -0% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -14.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 21.1% of revenue deployed · 82.1% of spending went to programs
  • Governance: 11 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $300K in reported program spending
  • Leadership: top reported pay $1.1M · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 28 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 5 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 21/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Transparency & Controls: Grant itemization coverage scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.