Genesis Health System in Davenport, Iowa (IA)

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Genesis Health System
Employer Identification Number (EIN)421420718
Name of OrganizationGenesis Health System
AddressDavenport, IA 52803
Tax Period2004
Asset Amount$71,061,798
Amount of Income$94,313,567
Form 990 Revenue Amount$94,313,567
National Taxonomy of Exempt Entities (NTEE)Health - General and Rehabilitative: Community Health Systems

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Amount of income in 2004: $94,313,567
This organization: 

Other organizations performing similar types of work: 


Assets in 2004: $71,061,798
This organization: 

Other organizations performing similar types of work: 


Expenses in 2004: $103,513,150
Genesis Health System: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2004: 0.9
This organization: 

Other organizations performing similar types of work: 


Expenses allocated to program services in 2004: 67.6%
Genesis Health System: 

Other organizations performing similar types of work: 


Number of employees in 2004: 1,057
Genesis Health System: 

Other organizations performing similar types of work: 


Employees paid over $50,000 in 2004: 19.4%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2004

Assets at end of 2004

Expenses for 2004

Functional Expenses for 2004 ($)

Income-Producing Activities for 2004

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$16,477,508$53,434,488$72,334,681$92,819,109$94,313,567
Contributions, gifts, grants, and similar amounts received$125,000$0$0$0$0
Contributions to donor advised funds
Direct public support$125,000$0$0$0$0
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$15,947,999$53,197,686$72,160,174$92,627,831$94,008,621
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$404,509$272,647$189,761$204,561$332,832
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$0$0$46,476$0$0
Gross rents$0$0$46,476$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$-59,579$-61,730$-13,283$-27,886
Gross amount from sales of assets other than inventory$0$90,458$0$0$0
Less: cost or other basis and sales expenses$0$150,037$61,730$13,283$27,886
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$23,734$0$0$0
Total expenses$15,991,939$57,265,609$77,217,959$100,942,951$103,513,150
Program services$15,991,939$57,265,609$54,379,357$68,681,586$69,950,020
Management and general$0$0$22,838,602$32,261,365$33,563,130
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$42,973,229$48,104,120$50,373,636$58,137,554$71,061,798
Excess or (deficit) for the year$485,569$-3,831,121$-4,883,278$-8,123,842$-9,199,583
Net assets or fund balances at beginning of year$35,247,231$42,973,229$48,104,120$50,373,636$58,137,554
Other changes in net assets or fund balances$7,240,429$8,962,012$7,152,794$15,887,760$22,123,827
Statement of Functional Expenses (for 2004)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$103,513,150$69,950,020$33,563,130$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$359,578
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$38,691,552$26,866,718$11,824,834$0
Pension plan contributions not included above$1,651,680$531,353$1,120,327$0
Employee benefits not included above$4,638,396$3,043,963$1,594,433$0
Payroll taxes$2,167,106$1,565,140$601,966$0
Professional fundraising fees$0$0$0$0
Accounting fees$130,439$0$130,439$0
Legal fees$200,675$29,934$170,741$0
Postage and shipping$125,028$115,749$9,279$0
Equipment rental and maintenance$5,588,067$400,743$5,187,324$0
Printing and publications$311,604$180,003$131,601$0
Conferences, conventions, and meetings$127,961$127,961$0$0
Depreciation, depletion, etc.$4,971,945$4,698,546$273,399$0
Other expenses not covered above$35,592,968$24,967,971$10,624,997$0
Balance Sheets
Total assets$47,528,809$57,863,620$67,690,496$82,406,848$95,866,523
Cash - non-interest-bearing$2,767,607$4,418,161$3,502,512$4,064,830$3,033,625
Savings and temporary cash investments$1,115,625$1,100,819$1,643,527$675,906$7,234,624
Accounts receivable less allowance for doubtful accounts$1,444,595$5,688,427$11,553,290$7,150,575$12,059,064
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$3,595,598$2,181,677$2,088,246$4,604,325$3,443,826
Inventories for sale or use$0$192,905$91,509$103,063$105,968
Prepaid expenses and deferred charges$233,163$2,778,361$3,308,262$6,280,424$7,883,420
Investments - publicly-traded securities
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$24,196,290$25,394,926$26,507,903$35,514,773$33,178,716
Land, buildings, and equipment less accumulated depreciation$7,351,343$12,761,304$16,238,082$21,388,615$27,145,164
Other assets, including program-related investments$6,824,588$3,347,040$2,757,165$2,624,337$1,782,116
Total liabilities$4,555,580$9,759,500$17,316,860$24,269,294$24,804,725
Accounts payable and accrued expenses$3,302,055$8,575,434$9,736,350$12,453,256$11,177,845
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0
Mortgages and other notes payable$1,253,525$1,184,066$1,086,283$982,243$2,350,952
Other liabilities$0$0$6,494,227$10,833,795$11,275,928
Total liabilities and net assets/fund balances$47,528,809$57,863,620$67,690,496$82,406,848$95,866,523
Total net assets or fund balances$42,973,229$48,104,120$50,373,636$58,137,554$71,061,798
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue$16,477,508$53,434,488$72,334,681$51,527,897$94,313,567
Total revenue, gains, and other support per audited financial statements$24,062,275$43,068,827$57,697,157$72,173,503$73,713,180
Other expenses$10,684,767$-10,365,661$-14,637,524$20,645,606$-20,600,387
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other revenue$3,100,000$0$0$0$0
Investment expenses$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses$15,991,939$57,265,609$77,217,959$100,942,950$103,513,150
Total expenses and losses per audited financial statements$15,947,999$47,108,606$61,847,656$80,297,344$82,768,378
Other revenue$0$0$0$0$-20,600,387
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Other expenses$43,940$10,157,003$15,370,303$20,645,606$144,385
Investment expenses$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20061,057
Analysis of Income-Producing Activities (for 2004)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Program service revenue
Program service revenue 1000000$000$0$57,152,355
Program service revenue 2000000$000$0$34,608,370
Program service revenue 3000000$000$0$1,218,609
Program service revenue 4Individual and family services$1,029,28700$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$332,832$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-27,886$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2004)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2004)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
Total number of other employees paid over $50,000200
Statements About Activities (for 2004)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Support Schedule
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2004)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2006)
Gross receipts or sales less returns and allowances$90,936$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$909,363
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$153,298
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2006)
Total deductions$809,069
Compensation of officers, directors, and trustees$0
Salaries and wages$437,703
Repairs and maintenance$0
Bad debts$0
Taxes and licenses$32,588
Charitable contributions$0
Contributions to deferred compensation plans$0
Employee benefit programs$106,918
Excess exempt expenses$0
Excess readership costs$0
Other deductions$226,092
Unrelated business taxable income$152,592
Unrelated business taxable income before net operating loss deduction$253,592
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$253,592
Specific deduction$1,000
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Number of organizations performing similar types of work
North Carolina7
North Dakota1
New Hampshire3
New Jersey8
New Mexico1
New York12
Rhode Island4
South Carolina7
West Virginia6
Total388 is not associated with, endorsed by, or sponsored by Genesis Health System and has no official or unofficial affiliation with Genesis Health System