Iowa · Nonprofit
GENESIS HEALTH SYSTEM
GENESIS HEALTH SYSTEM (Iowa) receives grants from 7 organizations whose IRS filings report $2,604,338 to it, the largest being ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION ($1,406,209). 4 of them have funded it in more than one year.
- Revenue FY2025
- $736M
- Funders on record
- 7
- Grants received
- $2.6M
- Net assets
- $471M
What Genesis Health System does
Mission
We, Genesis Health System and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities.
As stated on its FY2025 Form 990.
Program
Genesis Health System (mercyone genesis) is a health system located in eastern iowa consisting of three hospital facilities, two in davenport and one in dewitt, iowa. Mercyone genesis davenport medical center contains 502 licensed acute care beds. Mercyone genesis dewitt medical center contains 13 licensed acute care and swing beds. Mercyone genesis also includes a family medicine residency program that continues to educate residents in the hospital setting. Genesis health group, a physician group within mercyone genesis encompasses a wide variety of specialties and family practice groups serving iowa, illinois and surrounding communities in eastern iowa and western illinois. Genesis at home vna & hospice, a visiting nurse and hospice care program within mercyone genesis encompasses home health services (including physical therapy, occupational/speech therapy, skilled nursing, medical social worker visits), community hospice services, and the clarissa c. Cook hospice house located in bettendorf, iowa. Please see schedule h and our website for additional information about our services, recognitions, and awards: www.mercyone.org/genesis
$595,128,317 spentof which $138,069 as grants$718,325,759 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $595,128,317.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $877M to $1.2B (+32%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 2% · 2021 3% · 2022 3% · 2023 0% · 2024 0% · 2025 0%. Grants only. Government contracts and fees sit inside program revenue.
0% of GENESIS HEALTH SYSTEM’s revenue is contributions — about as donation-reliant as the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Robert Ritz
Director, mercyone president & CEO
Board chair
C Dana Waterman Iii
Director; chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $334k → $39k.
Left out of every figure on this page: $9.8M from 5 payers (the payer shares this organization's board, largest Genesis Health Services Foundation). These are real filings, and they are not money GENESIS HEALTH SYSTEM raised.
From the IRS filings of GENESIS HEALTH SYSTEM’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
GENESIS HEALTH SYSTEM leans on a few funders — its largest provides 54% of grant income and the top three 84%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GENESIS HEALTH SYSTEM.
Largest funder’s share by year: 2017 67% · 2018 88% · 2019 48% · 2020 100% · 2021 100% · 2022 100% · 2023 67% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
GENESIS HEALTH SYSTEM draws 78% of its grant income from funders outside Iowa, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
GENESIS HEALTH SYSTEM is better cushioned than half of the 1,241 health nonprofits its size.
this organization peer median middle 50% of peers· 1,241 health nonprofits over $100M, FY2025
Organizations like GENESIS HEALTH SYSTEM
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Iowa
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 311 related entities
- Genesis Accountable Care Organization LLC · disregarded
- Advantage Healthsaint Mary's Medical Group · exempt
- Allegany Franciscan Ministries Inc · exempt
- Asylum Hill Family Medicine Center Inc · exempt
- Baum Harmon Mercy Hospital · exempt
Screen this organization
A dated, signed PDF of the compliance screen for GENESIS HEALTH SYSTEM: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds GENESIS HEALTH SYSTEM?
- GENESIS HEALTH SYSTEM (Iowa) receives grants from 7 organizations whose IRS filings report $2,604,338 to it, the largest being ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION ($1,406,209). 4 of them have funded it in more than one year.
- How many funders does GENESIS HEALTH SYSTEM have?
- IRS filings report 7 organizations giving $2,604,338 in grants to GENESIS HEALTH SYSTEM, 4 of which have funded it in more than one year.
- Who is the largest funder of GENESIS HEALTH SYSTEM?
- ILLINOIS HOSPITAL RESEARCH & EDUCATIONAL FOUNDATION is the largest funder on record, with $1,406,209 in grants. The full list of funders is on this page.
- How can an organization like GENESIS HEALTH SYSTEM find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Iowa. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing