Genesis Health System
89% goes to programs $0 to raise $100 Strong reserves Growing revenue
Genesis Health System is a 501(c)(3) organization based in Davenport, Iowa, registered in 1994, with $675,652,982 in FY2023 revenue. CharityIndex grades it A, and it directs about 89% of spending to programs.
1227 E Rusholme St, Davenport, IA, 52803 EIN 42-1418847 Since 1994
Revenue (FY2023)
$675.7M
▲ 19.2% vs prior year
Health median: $840K
Expenses (FY2023)
$640.6M
Net assets
$435.0M
Employees
4,559
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating89% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Genesis Health System: 89% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Genesis Health System: 8 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Genesis Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Genesis Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide health care and hospital services
What they do
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 86,466 home health service units and 42,331 hospice/hospice house days.
Contact & location
- Address
- 1227 E Rusholme St, Davenport, IA, 52803
- City
- Davenport
- State
- Iowa
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $467.1M (FY2013) to $675.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $441.8MNet assets $435.0M
Operating margin
5.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$876.8M
Total liabilities
$441.8M
Net assets
$435.0M
Salaries & benefits
$276.4M
43% of expenses
Board members
16
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $675,652,982▲19.2% | $640,558,652▲2.3% | $434,987,883▲16.1% | $876,810,249▲19.9% | 990 |
| 2022 | $566,591,612▲4.7% | $626,348,697▲10.6% | $374,735,061▼35.3% | $731,064,616▼20.5% | 990 |
| 2021 | $541,189,562▼2.8% | $566,538,633▲6.8% | $578,946,812▼12.0% | $919,407,007▼8.2% | 990 |
| 2020 | $556,919,552▲4.1% | $530,354,888▲0.7% | $658,059,010▲14.2% | $1,001,993,046▲7.8% | 990 |
| 2019 | $534,820,030▲0.9% | $526,791,273▲1.0% | $576,378,983▼3.2% | $929,416,357▲7.2% | 990 |
| 2018 | $530,251,339▲0.7% | $521,514,344▲2.0% | $595,522,545▲2.0% | $866,762,987▲2.2% | 990 |
| 2017 | $526,361,166▼0.3% | $511,533,094▲1.7% | $584,083,709▲4.2% | $848,319,427▲2.5% | 990 |
| 2016 | $527,970,226▲3.6% | $503,092,010▲5.4% | $560,501,352▲6.1% | $827,585,234▼0.3% | 990 |
| 2015 | $509,519,239▲1.1% | $477,238,498▲7.3% | $528,113,842▲1.9% | $830,383,136▲5.0% | 990 |
| 2014 | $503,869,742▲7.9% | $444,828,050▲1.0% | $518,298,573▲7.1% | $790,628,796▲4.7% | 990 |
| 2013 | $467,073,140 | $440,220,291▲2.1% | $483,865,132▲6.3% | $755,430,826▲24.2% | 990 |
| 2012 | — | $431,353,003▼3.0% | $455,375,305▲11.5% | $608,334,369▲4.8% | 990 |
| 2011 | — | $444,902,647▲2.2% | $408,286,659▼0.8% | $580,466,570▲2.5% | 990 |
| 2010 | — | $435,187,151▼2.4% | $411,760,938▲20.1% | $566,049,515▲8.8% | 990 |
| 2009 | — | $445,710,817 | $342,721,824 | $520,487,697 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jordan Voigt — $654,700 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jordan Voigt | Gmc Davenport Pres;east Ia Pres-1/24 | 45 | $654,700 |
| Brian Cady Md | Physician - Internal Medicine | 50 | $591,600 |
| Michael Persson Md | Physician - Family Medicine | 50 | $574,885 |
| Namrata Mallik Md | Physician - Internal Medicine | 50 | $560,776 |
| Todd Gray Md | Physician Advisor, Hospitalist | 50 | $531,677 |
| Gaurav Ahuja Md | Physician - Internal Medicine | 50 | $524,556 |
| Christopher Crome Md | Chief Medical Officer | 40 | $513,474 |
| Joseph Malas | Cfo and Asst. Treasurer | 39 | $474,039 |
| Douglas Cropper | Former Officer; Ghs Pres Thru 6/23 | 0 | $439,590 |
| Karen Fitzsimmons Md | Director; Pathologist | 48 | $407,013 |
| Jason Enzler | Vp Legal Affairs, Asst Secretary | 40 | $213,489 |
| Kurt Andersen | Ghs Pres Thr 12/23;cent Ia Pres 1/24 | 45 | $138,975 |
| C Dana Waterman III | Director; Chair | 1 | — |
| Dale Zude | Director | 1 | — |
| David Heller | Director Thru 8/23 | 1 | — |
| David Larson | Director | 1 | — |
| Edmund Coyne Jr | Director | 1 | — |
| Edwin Motto Md | Director | 1 | — |
| G Christopher Wahlig | Director Thru 8/23 | 1 | — |
| Gregory Bush | Director; Treasurer | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cerner Corporation | Information Technology Services | $15,869,646 |
| Crothall Healthcare | Maintenance/ Environmental Svcs | $7,594,884 |
| Labcorp | Laboratory Services | $3,752,463 |
| Hr Accounts Inc | Collection Services | $3,532,018 |
| Juniper Advisory LLC | Financial Advisory Services | $3,050,431 |
Grants received · $270K total
10 grants to Genesis Health System totaling $270K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Stroke prevention programs | 2024 | $60,000 |
| American Heart Association Inc | Stroke prevention programs | 2024 | $20,000 |
| American Cancer Society Inc | Patient support | 2023 | $12,865 |
| American Heart Association Inc | Recurrent pericarditis initiative | 2023 | $10,000 |
| American Cancer Society Inc | Patient support | 2022 | $15,000 |
| American Heart Association Inc | Equipment upgrade | 2017 | $11,500 |
| American Heart Association Inc | Action registry | 2016 | $50,000 |
| American Heart Association Inc | Emergency equipment upgrade | 2015 | $76,800 |
| Genesis Health System | Deductions by medical staff, directed towards medical education purposes and the perlmutter library at the genesis medical center - silvis. | 2015 | $6,870 |
| Genesis Health System | Deductions by medical staff, directed towards medical education purposes and the perlmutter library at the genesis medical center - silvis. | 2014 | $7,350 |
Grants made · $41.1M in FY2022
5 grants totaling $41.1M in FY2022. All grants made by Genesis Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| Better Health Foundation | Starter funds for community programs | $40,000,000 |
| Genesis Health System Workers Compensation Pl & Tr | Claim payments | $1,126,927 |
| Quad City Symphony | Sponsorships-seasonal concerts | $5,000 |
| Family Museum of Arts and Science Foundation | Spring break sponsorship | $5,000 |
| Nami Greater Mississippi Valley Inc | Mental health sponsorship | $5,000 |
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Frequently asked questions
- Is Genesis Health System a legitimate nonprofit?
- Yes. Genesis Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-1418847, based in Davenport, Iowa. Donations are tax-deductible.
- What is Genesis Health System's EIN?
- Genesis Health System's Employer Identification Number (EIN) is 42-1418847.
- How much revenue does Genesis Health System report?
- Genesis Health System reported $675,652,982 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Genesis Health System's spending goes to programs?
- Genesis Health System spends about 89% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Genesis Health System have?
- CharityIndex grades Genesis Health System A, based on program efficiency and fundraising cost.
- How much does Genesis Health System's highest-paid employee make?
- The highest reported compensation on Genesis Health System's latest Form 990 is $654,700, paid to Jordan Voigt (Gmc Davenport Pres;east Ia Pres-1/24).
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Explore more
Data for Genesis Health System (EIN 42-1418847) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.