Genesis Healthcare System
Genesis Healthcare System reported $759.9 million in revenue and $662.8 million in expenses for calendar year 2024. Of every $100 it spent, $78.54 went to program services, $21.46 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 86.5% of the total. The highest compensation it reported for one person was $1,078,176 (PRESIDENT/CEO). 304 people received more than $100,000 in reportable compensation. Revenue rose 57% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $663MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $760MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.5% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.2% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 86.5% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,078,176 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.16% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 304 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.7 | 6.6 |
| Independent voting board members Part VI 1a–1b | 16 of 19 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseGenesis provides acute care services including medical, surgical, obstetrical, pediatric and critical care. Genesis provides a wide range of diagnostic and support services for inpatients and outpatients. These services are comprised of laboratory, imaging services, cardiac, and pharmacy. Laboratory services include chemistry, pathology, microbiology, hematology, cytology, and phlebotomy. Imaging services includes radiology, nuclear medicine, mri, ultrasound, ct scan, pet scan, mammography and bone density scanning.genesis heart & vascular services provide needed heart care from prevention to…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 49.83 hrs/week | $1,042,506 | $0 | $35,670 | $1,078,176 |
| CHIEF HUMAN RESOURCES OFFI Key employee, 49.00 hrs/week | $873,193 | $0 | $34,795 | $907,988 |
| TRUSTEE Director/trustee, 50.00 hrs/week | $655,571 | $0 | $42,630 | $698,201 |
| PRESIDENT OF MEDICAL STAFF Director/trustee, 50.00 hrs/week | $656,805 | $0 | $28,913 | $685,718 |
| CHIEF FINANCIAL OFFICER Key employee, 48.92 hrs/week | $628,779 | $0 | $42,020 | $670,799 |
| CHIEF INFORMATION OFFICER Key employee, 50.00 hrs/week | $633,577 | $0 | $30,083 | $663,660 |
| CHIEF CLINICAL OFFICER Key employee, 50.00 hrs/week | $584,948 | $0 | $45,865 | $630,813 |
| CHIEF OPERATION OFFICER Key employee, 49.00 hrs/week | $599,352 | $0 | $30,843 | $630,195 |
304 people received more than $100,000 in reportable compensation from Genesis Healthcare System (Part VII, line 2). Compensation of current officers, directors and key employees totaled $8.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 54,004
- Volunteers Part I, line 6422
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MED ONE HOSPITAL PHYSICIANS Medical services | $10,859,551 |
| LABORATORY CORPORATION OF AMERICA HOLDIN Laboratory services | $3,003,167 |
| ADVIZEX TECHNOLOGIES LLC Medical services | $2,323,894 |
| GUIDEHOUSE Professional services | $2,276,901 |
| BDC ADVISORS LLC Professional services | $1,534,795 |
Individuals listed as contractors are left out. 80 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Genesis Healthcare System's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Genesis Healthcare System, you can publish a response that is linked from this page.
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Of every $100 Genesis Healthcare System spent in 2024, $78.54 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Luminis Health Anne Arundel Medical CenterAnnapolis, MD · revenue $760M · programs 65.8% · FY2025
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- United Hospital CenterBridgeport, WV · revenue $762M · programs 84.8% · 2024
- Kent County Memorial HospitalProvidence, RI · revenue $756M · programs 90.0% · FY2025
Questions people ask
How much of Genesis Healthcare System's spending goes to programs?
In calendar year 2024, Genesis Healthcare System reported that 78.5% of its $662.8 million in expenses went to program services, 21.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Genesis Healthcare System pay its top executive?
The largest total compensation Genesis Healthcare System reported for one person in calendar year 2024 was $1,078,176, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Genesis Healthcare System get its money?
Of $759.9 million in revenue in calendar year 2024, 0.2% came from contributions and grants (including 0.2% from government grants) and 86.5% from program service revenue (Form 990, Part VIII).
Is Genesis Healthcare System a registered charity?
The IRS lists EIN 31-1480941 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503219349306690 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443199349305144 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313199349319876 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349301768 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133199349319653 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033089349302418 · read the filing
All filings for EIN 31-1480941: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.