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Nonprofiteer
← GENESIS HEALTH SYSTEM

Form 990 for tax year 2022

Filed by GENESIS HEALTH SYSTEM.

Totals

Total revenue
$566,591,612
Total expenses
$626,348,697
Contributions and grants received
$3,834,896
Grants paid
$41,183,593
Program services expenses (Part IX)
$498,672,365
Management and general expenses
$127,676,332
Fundraising expenses
$0
Program service expenses (Part III)
$498,672,365

Program services were 79.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • C DANA WATERMAN III

    CHAIR

    Total calculated
    $0
    Hours/week
    6 + 2.5 related

  • DOUGLAS P CROPPER

    PRESIDENT/CEO GHS

    Total calculated
    $997,742
    From this org
    $941,083
    From related orgs
    $0
    Other
    $56,659
    Hours/week
    50 + 11.5 related

    Schedule J breakdown matched by us

    Base
    $935,143
    Bonus
    $0
    Other
    $5,940
    Deferred
    $26,891
    Nontaxable benefits
    $29,768
    Filer's total
    $997,742

  • GREGORY J BUSH

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • PETER J BENSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DALE D ZUDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DAVID C LARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DAVID HELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • EDMUND P COYNE JR

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • EDWIN V MOTTO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6 + 4 related

  • G CHRISTOPHER WAHLIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • KAREN FITZSIMMONS

    DIRECTOR; PATHOLOGIST

    Total calculated
    $435,524
    From this org
    $380,690
    From related orgs
    $0
    Other
    $54,834
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $377,809
    Bonus
    $0
    Other
    $2,881
    Deferred
    $27,250
    Nontaxable benefits
    $27,584
    Filer's total
    $435,524

  • LASHONDA POLITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARK C KILMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • MARK D BAWDEN

    DIRECTOR THRU MARCH 2023

    Total calculated
    $0
    Hours/week
    2 + 3.5 related

  • MELISSA PEPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • PATRICIA S GROVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROBERT RITZ

    DIRECTOR; MERCRYONE PRESIDENT & CEO

    Total calculated
    $852,078
    From this org
    $0
    From related orgs
    $827,163
    Other
    $24,915
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $455,638 related
    Bonus
    $0 + $360,867 related
    Other
    $0 + $10,658 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $15,765 related
    Filer's total
    $0 + $852,078 related

  • ROBIN PETERSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • STEVEN C BAHLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JASON ENZLER

    VP LEGAL AFFAIRS/ASST.SECRETARY

    Total calculated
    $196,678
    From this org
    $170,835
    From related orgs
    $0
    Other
    $25,843
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $163,989
    Bonus
    $0
    Other
    $6,846
    Deferred
    $4,293
    Nontaxable benefits
    $21,550
    Filer's total
    $196,678

  • JOSEPH MALAS

    VP FINANCE, INTERIM CFO

    Total calculated
    $457,706
    From this org
    $417,538
    From related orgs
    $0
    Other
    $40,168
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $336,966
    Bonus
    $0
    Other
    $80,572
    Deferred
    $23,068
    Nontaxable benefits
    $17,100
    Filer's total
    $457,706

  • JORDAN VOIGT

    HOSPITAL PRESIDENT GMC DAVENPORT

    Total calculated
    $628,204
    From this org
    $573,983
    From related orgs
    $0
    Other
    $54,221
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $431,302
    Bonus
    $0
    Other
    $142,681
    Deferred
    $25,625
    Nontaxable benefits
    $28,596
    Filer's total
    $628,204

  • KURT A ANDERSEN

    VP Physician Operations/Chief Medical Officer

    Total calculated
    $762,443
    From this org
    $710,114
    From related orgs
    $0
    Other
    $52,329
    Hours/week
    33 + 7 related

    Schedule J breakdown matched by us

    Base
    $537,786
    Bonus
    $0
    Other
    $172,328
    Deferred
    $27,250
    Nontaxable benefits
    $25,079
    Filer's total
    $762,443

  • BRIAN CADY

    PHYSICIAN

    Total calculated
    $656,056
    From this org
    $604,955
    From related orgs
    $0
    Other
    $51,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $601,509
    Bonus
    $0
    Other
    $3,446
    Deferred
    $27,250
    Nontaxable benefits
    $23,851
    Filer's total
    $656,056

  • JASON HAGEMANN

    PHYSICIAN

    Total calculated
    $579,910
    From this org
    $530,856
    From related orgs
    $0
    Other
    $49,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $530,212
    Bonus
    $0
    Other
    $644
    Deferred
    $26,022
    Nontaxable benefits
    $23,032
    Filer's total
    $579,910

  • MICHAEL PERSSON

    PHYSICIAN

    Total calculated
    $578,462
    From this org
    $550,111
    From related orgs
    $0
    Other
    $28,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $549,090
    Bonus
    $0
    Other
    $1,021
    Deferred
    $5,125
    Nontaxable benefits
    $23,226
    Filer's total
    $578,462

  • NAMRATA MALLIK

    PHYSICIAN

    Total calculated
    $595,291
    From this org
    $566,302
    From related orgs
    $0
    Other
    $28,989
    Hours/week
    40 + 1.5 related

    Schedule J breakdown matched by us

    Base
    $565,527
    Bonus
    $0
    Other
    $775
    Deferred
    $25,625
    Nontaxable benefits
    $3,364
    Filer's total
    $595,291

  • TODD GRAY

    PHYSICIAN ADVISOR

    Total calculated
    $603,147
    From this org
    $579,398
    From related orgs
    $0
    Other
    $23,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $566,208
    Bonus
    $0
    Other
    $13,190
    Deferred
    $0
    Nontaxable benefits
    $23,749
    Filer's total
    $603,147

  • PAUL BOLLINGER

    Former V.P. LEGAL AFFAIRS/Asst. Secretary

    Total calculated
    $206,688
    From this org
    $180,385
    From related orgs
    $0
    Other
    $26,303
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $143,953
    Bonus
    $0
    Other
    $36,432
    Deferred
    $14,222
    Nontaxable benefits
    $12,081
    Filer's total
    $206,688

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
TRAVEL FOR COMPANIONS: IN TAX YEAR 2022, THE FOLLOWING TYPES OF LISTED INDIVIDUALS REPORTED IN PART VII RECEIVED THE TRAVEL FOR COMPANIONS BENEFIT: 4DIRECTORS. ALL INDIVIDUALS REIMBURSED GHS IOWA IN FULL AND NONE OF THE BENEFIT WAS LISTED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
The following individuals participated in a supplemental ROTH indexed universal life(IUL) plan in 2022 sponsored by Genesis health System (GHS IA): Kurt A. Andersen- $119,072, Jordan Voigt-$97,747, and Joseph Malas of $51,231. The dollar amount represents the current year contribution made by GHS IA on behalf of the individuals to the plan in 2022. This information is included in reportable compensation on the form 990, Part VII and Schedule J, Part II. The EO provides supplemental retirement benefits through an alternative funding arrangement the IRS calls "collateral assignment split dollar" (CASD). Although the IRS requires reporting in the loan section of Schedule L, CASD is not a loan because no funds are transferred to the executive. Rather, the "loan" treatment applies because after the executive has received retirement benefits, the EO recovers all of its outlays plus interest. The recovery right is a key advantage of CASD for the EO. Rather than paying retirement benefits to the executive that would never be recovered, under CASD the EO recovers not only its outlays but also consideration for the time value of money. CASD works as follows. The EO deposits funds into cash value life insurance policies on the executive's life. During life, to the extent the executive fulfills service and vesting requirements, the executive can borrow against the cash surrender value to supplement retirement income. Policy performance is closely monitored. If policy performance lags, the executive's borrowing rights are reduced to protect the EO's recovery rights. At the executive's death, the policy death proceeds are first used to repay the EO its deposits plus compounded interest (at the IRS long-term applicable federal rate). The executive's beneficiary then receives any projected retirement borrowing the executive did not access during life. Any remaining death proceeds are available to be paid to the executive's beneficiaries or divided between the EO and the executive's beneficiary.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202411369349308526

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