Skip to content
Nonprofiteer
← GENESIS HEALTH SYSTEM

Form 990 for tax year 2022

Filed by GENESIS HEALTH SYSTEM.

Totals

Total revenue
$149,676,915
Total expenses
$162,920,403
Contributions and grants received
$1,429,866
Grants paid
$153,211
Program services expenses (Part IX)
$154,638,281
Management and general expenses
$8,282,122
Fundraising expenses
$0
Program service expenses (Part III)
$154,638,281

Program services were 94.9% 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
    1.5 + 7 related

  • DOUGLAS P CROPPER

    PRESIDENT/CEO GHS

    Total calculated
    $997,742
    From this org
    $0
    From related orgs
    $941,083
    Other
    $56,659
    Hours/week
    7 + 54.5 related

    Schedule J breakdown matched by us

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

  • GREGORY J BUSH

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • PETER J BENSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DALE D ZUDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DAVID C LARSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DAVID HELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • EDMUND P COYNE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • EDWIN V MOTTO MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3 + 7 related

  • G CHRISTOPHER WAHLIG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • KAREN FITZSIMMONS

    DIRECTOR; PATHOLOGIST

    Total calculated
    $435,524
    From this org
    $0
    From related orgs
    $380,690
    Other
    $54,834
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

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

  • LASHONDA POLITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MARK C KILMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MARK D BAWDEN

    DIRECTOR THRU MARCH 2023

    Total calculated
    $0
    Hours/week
    1 + 4.5 related

  • MELISSA PEPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • PATRICIA S GROVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ROBERT RITZ

    DIRECTOR; MERCYONE PRESIDENT & CEO

    Total calculated
    $852,078
    From this org
    $0
    From related orgs
    $827,163
    Other
    $24,915
    Hours/week
    1 + 56 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
    1 + 3 related

  • STEVEN C BAHLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JASON ENZLER

    VP LEGAL AFFIARS/ASST.SECRETARY

    Total calculated
    $196,678
    From this org
    $0
    From related orgs
    $170,835
    Other
    $25,843
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

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

  • JOSEPH MALAS

    VP FINANCE, INTERIM CFO

    Total calculated
    $457,706
    From this org
    $0
    From related orgs
    $417,538
    Other
    $40,168
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

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

  • KURT A ANDERSEN

    VP Physician Operations/Chief Medical Officer

    Total calculated
    $762,443
    From this org
    $0
    From related orgs
    $710,114
    Other
    $52,329
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

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

  • ANOOP AGGARWAL

    PHYSICIAN

    Total calculated
    $1,100,185
    From this org
    $1,061,851
    From related orgs
    $0
    Other
    $38,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,007,415
    Bonus
    $50,000
    Other
    $4,436
    Deferred
    $32,328
    Nontaxable benefits
    $6,006
    Filer's total
    $1,100,185

  • DAVID SPECTOR

    PHYSICIAN

    Total calculated
    $1,375,713
    From this org
    $1,316,557
    From related orgs
    $0
    Other
    $59,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,262,131
    Bonus
    $50,000
    Other
    $4,426
    Deferred
    $27,250
    Nontaxable benefits
    $31,906
    Filer's total
    $1,375,713

  • RYAN PERUMPAIL

    PHYSICIAN

    Total calculated
    $1,430,009
    From this org
    $1,404,564
    From related orgs
    $0
    Other
    $25,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,403,305
    Bonus
    $0
    Other
    $1,259
    Deferred
    $20,500
    Nontaxable benefits
    $4,945
    Filer's total
    $1,430,009

  • SAMYUKTHA RAMAVARAM

    PHYSICIAN

    Total calculated
    $1,108,542
    From this org
    $1,099,030
    From related orgs
    $0
    Other
    $9,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,098,114
    Bonus
    $0
    Other
    $916
    Deferred
    $5,125
    Nontaxable benefits
    $4,387
    Filer's total
    $1,108,542

  • YOUNG HUH

    PHYSICIAN

    Total calculated
    $1,193,232
    From this org
    $1,149,732
    From related orgs
    $0
    Other
    $43,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,144,532
    Bonus
    $0
    Other
    $5,200
    Deferred
    $25,288
    Nontaxable benefits
    $18,212
    Filer's total
    $1,193,232

  • PAUL BOLLINGER

    Former V.P. LEGAL AFFAIRS/ ASST SECRETARY

    Total calculated
    $206,688
    From this org
    $0
    From related orgs
    $180,385
    Other
    $26,303
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

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

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

  • 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 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), a related organization: Kurt Andersen- $119,072 and Joe Malas-$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.
Schedule J, Part I, Line 3
PART I, LINE 3: GENESIS HEALTH SYSTEM (GHS ILLINOIS) RELIES ON GENESIS HEALTH SYSTEM (GHS IOWA) TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES. GHS IOWA UTILIZES A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, A WRITTEN EMPLOYMENT CONTRACT, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO DETERMINE SUCH COMPENSATION.
Schedule J, Part II
Douglas P. Cropper's compensation was directly paid from Genesis Health System Iowa, EIN 42-1418847. Genesis Health System Iowa is a related organization to Genesis Health System Illinois.

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
202431369349308753

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.