Genesis Health System
- Assets
- $929.4m
- Revenue
- $534.8m
- Investments
- $68.8m
- Employees
- 4,518
- Location
- Davenport, IA
- Founding
- 05/1994
- Data as of
- 06/2020
- EIN
- 42-1418847
Organization Overview
Genesis Health System is located in Davenport, IA. The organization was established in 1994. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Genesis Health System employed 4,518 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Genesis Health System generated $534.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $526.8m during the year ending 06/2020. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Genesis Health System has awarded 77 individual grants totaling $15,678,041. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
GENESIS HEALTH SYSTEM (GHS IOWA) EXISTS TO PROVIDE COMPASSIONATE, QUALITY HEALTH SERVICES TO ALL THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS HEALTH SYSTEM (GHS IOWA) IS A HEALTH SYSTEM LOCATED IN EASTERN IOWA CONSISTING OF THREE HOSPITAL FACILITIES, TWO IN DAVENPORT AND ONE IN DEWITT, IOWA. GENESIS MEDICAL CENTER - DAVENPORT, CONTAINING 502 LICENSED ACUTE CARE BEDS. STATISTICS INCLUDE 71,003 PATIENT DAYS AND 218,584 OUTPATIENT VISITS; GENESIS MEDICAL CENTER - DEWITT, CONTAINING 13 LICENSED ACUTE CARE AND SWING BEDS. STATISTICS INCLUDE 1,384 PATIENT DAYS AND 24,318 OUTPATIENT VISITS. GHS IOWA ALSO INCLUDES A FAMILY MEDICINE RESIDENCY PROGRAM THAT CONTINUES TO EDUCATE RESIDENTS IN THE HOSPITAL SETTING.
GENESIS HEALTH GROUP, A PHYSICIAN GROUP WITHIN GENESIS HEALTH SYSTEM (GHS IOWA) ENCOMPASSES A WIDE VARIETY OF SPECIALTIES AND FAMILY PRACTICE GROUPS SERVING IOWA, ILLINOIS AND SURROUNDING COMMUNITIES IN EASTERN IOWA AND WESTERN ILLINOIS.
GENESIS AT HOME VNA & HOSPICE, A VISITING NURSE AND HOSPICE CARE PROGRAM WITHIN GENESIS HEALTH SYSTEM (GHS IOWA) ENCOMPASSES HOME HEALTH SERVICES (INCLUDING PHYSICAL THERAPY, OCCUPATIONAL/SPEECH THERAPY, SKILLED NURSING, MEDICAL SOCIAL WORKER VISITS), COMMUNITY HOSPICE SERVICES, AND THE CLARISSA C. COOK HOSPICE HOUSE LOCATED IN BETTENDORF, IOWA. STATISTICS INCLUDE 110,535 HOME HEALTH SERVICE UNITS AND 53,317 HOSPICE/HOSPICE HOUSE DAYS.
GENESIS ACCOUNTABLE CARE ORGANIZATION, LLC (GENESIS ACO) IS AN IOWA LIMITED LIABILITY COMPANY FORMED IN DECEMBER 2011. ITS PURPOSE IS TO ENGAGE IN LAWFUL BUSINESS RELATED TO THE CREATION AND ORGANIZATION OF A "PHYSICIAN-DRIVEN" NETWORK TO ACT AS, AND/OR PARTICIPATE IN, AN ACCOUNTABLE CARE ORGANIZATION WITHIN THE MEANING OF THE FEDERAL PATIENT PROTECTION AND AFFORDABLE CARE ACT. THE COMPANY IS ALSO ORGANIZED TO DEVELOP A CLINICALLY INTEGRATED NETWORK OF PROVIDERS INCLUDING PHYSICIANS, HEALTH PROFESSIONALS, HOSPITALS AND ANCILLARY PROVIDERS WORKING TOGETHER TO PROMOTE HIGH QUALITY, COORDINATED AND EFFICIENT CARE TO PATIENTS INCLUDING MEMBERS OF VARIOUS MANAGED CARE PAYORS AND THE COMMUNITY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cerner Corporation Information Technology Services | 6/29/21 | $17,781,559 |
Crothall Healthcare Inc Maintenance/enviromental Services | 6/29/21 | $6,218,198 |
H R Accounts Inc Collection Services | 6/29/21 | $3,026,208 |
Renovo Solutions Llc Maintenance Management Services For Medical Equipment | 6/29/21 | $2,382,253 |
Morrison Healthcare Food Management Services | 6/29/21 | $2,197,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,247,216 |
| Investment income | $6,916,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,069,636 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$99,044 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $534,820,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $18,748 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $5,382,094 |
| Compensation to disqualified persons | $181,288 |
| Other salaries and wages | $227,171,357 |
| Pension plan accruals and contributions | $3,794,389 |
| Other employee benefits | $15,866,154 |
| Payroll taxes | $12,995,236 |
| Fees for services: Management | $2,112,773 |
| Fees for services: Legal | $343,655 |
| Fees for services: Accounting | $290,596 |
| Fees for services: Lobbying | $103,304 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $839,499 |
| Fees for services: Other | $70,918,783 |
| Advertising and promotion | $1,271,312 |
| Office expenses | $7,354,012 |
| Information technology | $6,034,431 |
| Royalties | $0 |
| Occupancy | $20,453,178 |
| Travel | $946,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $539,186 |
| Interest | $7,209,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,954,623 |
| Insurance | $1,587,011 |
| All other expenses | $0 |
| Total functional expenses | $526,791,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,478,246 |
| Savings and temporary cash investments | $66,881,971 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,436,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,502,217 |
| Inventories for sale or use | $14,799,634 |
| Prepaid expenses and deferred charges | $7,461,008 |
| Investments—publicly traded securities | $282,459,886 |
| Investments—other securities | $68,796,987 |
| Investments—program-related | $0 |
| Intangible assets | $506,348 |
| Other assets | $72,394,135 |
| Total assets | $929,416,357 |
| Accounts payable and accrued expenses | $80,797,513 |
| Grants payable | $0 |
| Deferred revenue | $2,360,794 |
| Tax-exempt bond liabilities | $154,170,709 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $115,708,358 |
| Total liabilities | $353,037,374 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $576,378,983 |
Grants Awarded
Over the last fiscal year, Genesis Health System has awarded $1,419,174 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Davenport, IA PURPOSE: CLAIM PAYMENTS | $1,336,038 |
Davenport, IA PURPOSE: CME PROGRAM | $53,136 |
Davenport, IA PURPOSE: NAMI Walks Event Donation | $10,000 |
Bettendorf, IA PURPOSE: Memorial Scholarship in remembrance of Dr. Pinc | $10,000 |
QUAD CITY SYMPHONY PURPOSE: Sponsorships-Seasonal concerts | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Genesis Health System has recieved totaling $1,047,533.
| Awarding Organization | Amount |
|---|---|
Genesis Health Services Foundation Davenport, IA PURPOSE: PAYMENTS TOWARDS FAMILY CONNECTS, CANCER CARE, EMPLOYEE APPRECIATION, PHYSICAL THERAPY AND CATH LAB REMODELS, HOMECARE, DIABETIC EDUCATION PROGRAMS.; AND FUNDS TO SUPPORT HOSPICE HOUSE AND SCOCIAL WORKER FOR CARDIOLOGY PATIENTS. | $1,028,024 |
Dewitt Community Hospital Foundation De Witt, IA PURPOSE: SUPPORT HEALTHCARE | $13,398 |
Genesis Philanthropy Davenport, IA PURPOSE: Visiting Nurse Association-Family Connects Program | $6,111 |
Endowment Analysis
| Beg. Balance | $16,641,933 |
| Earnings | $3,878,888 |
| Admin Expense | $134,109 |
| Net Contributions | $455,141 |
| Other Expense | $684,952 |
| Grants | $5,000 |
| Ending Balance | $20,151,901 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Presence Central And Suburban Hospitals Network St Louis, MO | $520,201,301 | $798,952,140 |
Ssm Health Care Of Wisconsin Inc St Louis, MO | $1,113,460,770 | $681,842,146 |
Genesis Health System Davenport, IA | $929,416,357 | $534,820,030 |
Mercy Hospital Joplin Joplin, MO | $216,336,948 | $224,274,083 |
Thedacare Inc Appleton, WI | $691,025,693 | $439,639,874 |
Ch Allied Services Inc Columbia, MO | $320,950,223 | $456,105,423 |
St Vincent Health Inc St Louis, MO | $155,131,578 | $231,980,617 |
Carle Bromenn Medical Center Urbana, IL | $59,991,964 | $210,828,397 |
Coxhealth Springfield, MO | $970,222,612 | $196,417,581 |
Prohealth Medical Group Inc Waukesha, WI | $120,412,770 | $177,161,425 |
Adventist Bolingbrook Hospital Bolingbrook, IL | $157,968,235 | $216,065,202 |
Cuyuna Regional Medical Center Crosby, MN | $120,942,776 | $179,682,328 |