Genesis Healthcare Inc
78% goes to programs Strong reserves Growing revenue
Genesis Healthcare Inc is a 501(c)(3) organization based in Columbia, South Carolina, registered in 2010, with $65,947,840 in FY2023 revenue. CharityIndex grades it A, and it directs about 78% of spending to programs.
8906 Two Notch Rd, Columbia, SC, 29223 EIN 01-0932846 Since 2010
Revenue (FY2023)
$65.9M
▲ 1.4% vs prior year
Health median: $840K
Expenses (FY2023)
$47.3M
Net assets
$135.3M
Employees
266
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating78% to programs
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 Healthcare Inc: 78% to programs earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating34 mo reserves · +28% 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 Healthcare Inc: 34 mo reserves · +28% 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 Healthcare Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Healthcare Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide medical, dental, and pharmaceutical services to the community served.
Contact & location
- Address
- 8906 Two Notch Rd, Columbia, SC, 29223
- City
- Columbia
- State
- South Carolina
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $10.8M (FY2013) to $65.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $10.8MNet assets $135.3M
Operating margin
28.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$146.1M
Total liabilities
$10.8M
Net assets
$135.3M
Salaries & benefits
$21.1M
45% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $65,947,840▲1.4% | $47,315,048▲4.4% | $135,297,513▲18.6% | $146,119,438▲22.3% | 990 |
| 2022 | $65,038,533▲21.3% | $45,299,579▲20.1% | $114,120,872▲21.4% | $119,491,237▲18.9% | 990 |
| 2021 | $53,616,035▲1.6% | $37,708,431▲12.4% | $93,977,100▲16.4% | $100,474,165▲15.7% | 990 |
| 2020 | $52,766,901▲14.9% | $33,535,756▲24.0% | $80,749,855▲31.3% | $86,839,184▲30.5% | 990 |
| 2019 | $45,906,380▲14.1% | $27,055,240▲7.6% | $61,518,710▲44.2% | $66,565,798▲37.0% | 990 |
| 2018 | $40,248,580▲15.8% | $25,137,860▲12.0% | $42,667,570▲54.8% | $48,589,182▲51.0% | 990 |
| 2017 | $34,756,756▲31.6% | $22,438,042▲11.6% | $27,556,850▲80.8% | $32,178,860▲64.1% | 990 |
| 2016 | $26,402,080▲22.1% | $20,114,256▲12.6% | $15,238,136▲70.3% | $19,607,533▲40.1% | 990 |
| 2015 | $21,621,810▲40.5% | $17,856,614▲42.7% | $8,950,312▲72.6% | $13,992,878▲36.3% | 990 |
| 2014 | $15,386,687▲41.9% | $12,515,630▲30.8% | $5,185,114▲124% | $10,262,478▲31.1% | 990 |
| 2013 | $10,843,487 | $9,569,699▲5.1% | $2,314,057▲122% | $7,826,571▲14.6% | 990 |
| 2012 | — | $9,101,060▲3.8% | $1,040,269▼41.7% | $6,829,852▼9.0% | 990 |
| 2011 | — | $8,764,004 | $1,783,591 | $7,508,487 | 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: Tony R Megna — $562,536 (1.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tony R Megna | Chief Executive Officer | 60 | $562,536 |
| Priscilla Welch | Chief Medical Officer | 60 | $470,843 |
| Alexander Cohen | Chief Medical Officer | 60 | $465,808 |
| Katherine Noyes Milligan | Chief Special Projects Officer | 60 | $445,815 |
| Paul Fulbright | Senior Executive Officer | 60 | $445,708 |
| Kimberly Weatherford | Chief Operations Officer | 60 | $326,207 |
| Peter O'kelly | Physician | 40 | $303,365 |
| Helen Milling-carroll | Chief Compliance Officer | 60 | $298,957 |
| Mark Callahan | Chief Facilities Maintenance Officer | 60 | $293,847 |
| Warren M Matthews | Chief of Pharmacy Operations | 60 | $293,209 |
| Brent Baroody | Physician Obgyn | 40 | $249,649 |
| Nathan Prabhakar | Executive Financial Officer | 60 | $218,512 |
| Cheri Fowler | Chief Communications Officer | 60 | $207,518 |
| Brian Heaster | Physician | 40 | $202,959 |
| Zoe Pogue | Physician | 40 | $196,908 |
| Michael W Barrett | Physician | 40 | $189,443 |
| Althia Manual | Clinical Revenue Cycle Officer | 50 | $144,805 |
| David Corry | Chairman | 2 | — |
| Ernestine Ferguson | Board Member | 2 | — |
| Jennifer Powell | Vice-chairman | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lck LLC | Project Management | $8,344,427 |
| Chernoff Newman LLC | Marketing | $321,479 |
| Griffin Attorneys and Counselors | Legal | $180,000 |
| Law Office of J Todd Rutherford | Legal | $155,000 |
| Omnicell-340 Link LLC | Contract Pharmacy Services | $136,372 |
Grants made · $56K in FY2023
5 grants totaling $56K in FY2023. All grants made by Genesis Healthcare Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Usc Salkehatchie | General operations | $15,000 |
| Latrice D Ferguson School of Nursing Assistants | General operations | $15,000 |
| Community Voices For 340b | General operations | $10,000 |
| Colleton County Rice Festival | General operations | $8,000 |
| American Heart Association Inc | General operations | $7,500 |
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Frequently asked questions
- Is Genesis Healthcare Inc a legitimate nonprofit?
- Yes. Genesis Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0932846, based in Columbia, South Carolina. Donations are tax-deductible.
- What is Genesis Healthcare Inc's EIN?
- Genesis Healthcare Inc's Employer Identification Number (EIN) is 01-0932846.
- How much revenue does Genesis Healthcare Inc report?
- Genesis Healthcare Inc reported $65,947,840 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Genesis Healthcare Inc's spending goes to programs?
- Genesis Healthcare Inc spends about 78% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Genesis Healthcare Inc have?
- CharityIndex grades Genesis Healthcare Inc A, based on program efficiency and fundraising cost.
- How much does Genesis Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Genesis Healthcare Inc's latest Form 990 is $562,536, paid to Tony R Megna (Chief Executive Officer).
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Data for Genesis Healthcare Inc (EIN 01-0932846) 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.