Genesis Healthcare Inc
- Assets
- $86.8m
- Revenue
- $52.8m
- Investments
- $0.0
- Employees
- 265
- Location
- Columbia, SC
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 01-0932846
Organization Overview
Genesis Healthcare Inc is located in Columbia, SC. The organization was established in 2010. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Genesis Healthcare Inc employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Genesis Healthcare Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Genesis Healthcare Inc generated $52.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $33.5m during the year ending 06/2021. While expenses have increased by 9.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL, DENTAL, AND PHARMACEUTICAL SERVICES TO THE COMMUNITY SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENESIS HEALTHCARE, INC. ("GHC") IS A NON-PROFIT COMMUNITY HEATLHCARE CENTER DEEPLY COMMITTED TO IMPROVING THE HEALTH OF OUR COMMUNITY THROUGH PREVENTION, EARLY INTERVENTION, REHABILITATION, AND EDUCATION. OUR COMMUNITY HEALTH CENTERS IN DARLINGTON, OLANTA, LAMAR, WALTERBORO, AND FLORENCE, SOUTH CAROLINA, PROVIDE PRIMARY HEALTHCARE SERVICES TO PATIENTS OF ALL AGES. AS A COMMUNITY HEALTH CENTER, GHC IS STRONGLY COMMITTED TO IMPROVING THE HEALTH OF ITS COMMUNITY THROUGH PREVENTION, EARLY INTERVENTION, REHABILITATION AND EDUCATION. THE SERVICES OFFERED BY GHC INCLUDE:CONTINUED ON SCHEDULE O- GENERAL PRIMARY MEDICAL CARE- BEHAVIORAL HEALTH SERVICES- EMERGENCY MEDICAL SERVICES- DIAGNOSTIC LABORATORY SERVICES- DIAGNOSTIC X-RAYS- DIAGNOSTIC SCREENINGS- ULTRASOUNDS AND ECHOCARDIOGRAPHY- BONE DENSITY TESTIN- CARE COORDINATION- CASE MANAGEMENT- IMMUNIZATIONS- GYNECOLOGICAL CARE- OBSTETRICS- MEDICATION MANAGEMENT- ON-SITE PHARMACY- FOOT CARE CLINIC- PHARMACEUTICALS- PHARMACY SERVICES- PULMONARY FUNCTION TESTIN- TRANSPORTATION TO AND FROM APPOINTMENTS, IF NEEDED- PEDIATRICS- UROLOGY- SUBSTANCE ABUSE SCREENING, REFERRAL, AND TREATMENTIN ADDITION TO THE ABOVE SERVICES, GHC IMPLEMENTED A PROGRAM ENTITLED CASE MANAGEMENT. CASE MANAGEMENT IS A PATIENT MANAGEMENT PROGRAM DESIGNED TO IMPROVE THE HEALTH OF PATIENTS WITH CHRONIC ILLNESSES SUCH AS DIABETES, HIGH BLOOD PRESSURE, HEART DISEASE, ASTHMA, COPD, AND HIGH CHOLESTEROL.GHC'S PHARMACY IS CERTIFIED AS A SPECIALTY PHARMACY THROUGH BOTH THE UTILIZATION REVIEW ACCREDITATION COMMISSION (URAC) AND THE ACCREDITATION COMMISSION FOR HEATLH CARE (ACHC).SERVICES PROVIDED BY GHC ARE AVAILABLE TO ALL COMMUNITY RESIDENTS, REGARDLESS OF THEIR FINANCIAL OR INSURANCE STATUS. GHC OFFES A REDUCED SLIDING FEE SCHEDULE BASED ON AN INDIVIDUAL'S INCOME AND FAMILY SIZE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Tc Sawyer Chairman | OfficerTrustee | 2 | $0 |
David Corry Vice Chairman | OfficerTrustee | 2 | $0 |
Bertie G Nesbitt Secretary | OfficerTrustee | 2 | $0 |
Roosevelt Scott Treasurer | OfficerTrustee | 2 | $0 |
Scott Eagerton Board Member | Trustee | 2 | $0 |
Mal Hyman Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lck Llc Project Management | 6/29/22 | $955,389 |
Omnicell - 340b Link Llc Pharmacy Services | 6/29/22 | $195,577 |
Law Offices Of Todd Rutherford Legal | 6/29/22 | $120,000 |
Griffin Attorneys & Counselors Llc Legal | 6/29/22 | $180,000 |
Dixon Hughes Goodman Llp Accounting | 6/29/22 | $110,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88 |
| Investment income | $218,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $450 |
| Net Gain/Loss on Asset Sales | $423,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,766,901 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,273,985 |
| Compensation to disqualified persons | $231,265 |
| Other salaries and wages | $10,283,162 |
| Pension plan accruals and contributions | $183,326 |
| Other employee benefits | $1,753,345 |
| Payroll taxes | $765,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $529,219 |
| Fees for services: Accounting | $100,252 |
| Fees for services: Lobbying | $171,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $139,146 |
| Fees for services: Other | $1,361,176 |
| Advertising and promotion | $192,353 |
| Office expenses | $823,186 |
| Information technology | $349,863 |
| Royalties | $0 |
| Occupancy | $545,060 |
| Travel | $68,828 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,939 |
| Interest | $148,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,049,567 |
| Insurance | $187,935 |
| All other expenses | $0 |
| Total functional expenses | $33,535,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,995,842 |
| Savings and temporary cash investments | $35,439,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,719,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,850,600 |
| Prepaid expenses and deferred charges | $284,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,896,483 |
| Total assets | $86,839,184 |
| Accounts payable and accrued expenses | $2,904,607 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $3,184,722 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,089,329 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $80,749,855 |
Grants Awarded
Over the last fiscal year, Genesis Healthcare Inc has awarded $55,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
USC SALKEHATCHIE PURPOSE: SCHOLARSHIP FUND | $50,000 |
RONALD MCDONALD HOUSE CHARITIES PURPOSE: GENERAL OPERATIONS | $5,000 |