Genesis Health System Workers' Compensation Plan And Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391905171 ✦ Davenport, IA ✦ Designated as a 501(c)(3)

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Overview

What is Genesis Health System Workers' Compensation Plan And Trust?

Genesis Health System Workers' Compensation Plan and Trust is a nonprofit organization established to safeguard and invest funds, properties, and assets contributed by its participants, which include Genesis Health System (GHS Iowa), Genesis Medical Center Aldo, Genesis Health System (GHS Illinois), and Geneventures, Inc. The primary objective of this trust is to provide adequate workers' compensation cash reserves for these participants. The trust operates with the mission to ensure proper management and investment of the contributed resources, serving as a financial safety net for workers' compensation claims within the organization.


Official website here: www.genesishealth.com

Is Genesis Health System Workers' Compensation Plan And Trust legitimate?

Genesis Health System Workers' Compensation Plan And Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Health System Workers' Compensation Plan And Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.genesishealth.com

What is the mission statement of Genesis Health System Workers' Compensation Plan And Trust?

The Genesis Health System Workers' Compensation Plan and Trust was established with the purpose of safely storing and investing funds, properties, and assets contributed by its participants. The primary objective is to provide adequate workers' compensation cash reserves for these participants. The participants encompass Genesis Health System (GHS Iowa), Genesis Medical Center Aledo, Genesis Health System (GHS Illinois), and Geneventures, Inc. This trust serves as a financial resource to ensure proper compensation for work-related injuries or illnesses among its members.


Official website here: www.genesishealth.com

Who is the CEO of Genesis Health System Workers' Compensation Plan And Trust?

Unavailable


Official website here: www.genesishealth.com

What is the revenue of Genesis Health System Workers' Compensation Plan And Trust?

Genesis Health System Workers' Compensation Plan And Trust's revenue in 2022 was $1,940,743.


Official website here: www.genesishealth.com

Who are the executives of Genesis Health System Workers' Compensation Plan And Trust and what are their salaries?

There 6 volunteers at Genesis Health System Workers' Compensation Plan And Trust.


Here are 7 key members and their salaries:


Joseph Malas (Plan Admin. & Vp Finance)
  • Compensation: $0
  • Related: $343,054
  • Other: $21,952
Brandi Tiesman (Trustee)
  • Compensation: $0
  • Related: $132,551
  • Other: $21,498
Carolyn Potts (Trustee)
  • Compensation: $0
  • Related: $90,233
  • Other: $7,583
Heidi S Kahly-Mcmahon (Trustee)
  • Compensation: $0
  • Related: $520,969
  • Other: $25,769
Paul Bollinger (Trustee)
  • Compensation: $0
  • Related: $382,346
  • Other: $45,846
Theresa Main (Trustee)
  • Compensation: $0
  • Related: $417,534
  • Other: $39,594
Mark G Rogers (Plan Admin. & V.P. Finance)
  • Compensation: $0
  • Related: $515,382
  • Other: $907,028


Official website here: www.genesishealth.com

Where can I find the form 990 for Genesis Health System Workers' Compensation Plan And Trust?

Genesis Health System Workers' Compensation Plan And Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.genesishealth.com

Learn more at the official website: www.genesishealth.com

Mission Statement of Genesis Health System Workers' Compensation Plan And Trust

Genesis Health System Workers' Compensation Plan and Trust was established with a specific mission in mind. This organization was created to safeguard and invest funds, properties, and assets contributed by its participants. The primary objective of Genesis Health System Workers' Compensation Plan and Trust is to provide workers' compensation cash reserves for these participants. The scope of its participants encompasses Genesis Health System (GHS Iowa), Genesis Medical Center Aldo, Genesis Health System (GHS Illinois), and Geneventures, Inc. This nonprofit organization's mission is crucial in ensuring that the workers under these participating entities are adequately covered in case of work-related injuries, providing a financial safety net for those in need.

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Impact




October, 2024

Genesis Health System Workers' Compensation Plan and Trust provides a critical financial framework for safeguarding and investing contributions made by its participants. By establishing a dedicated fund, it ensures that adequate cash reserves are available to meet workers' compensation claims for entities within Genesis Health System, including GHS Iowa, Genesis Medical Center Aledo, GHS Illinois, and GenVenture, Inc.

The impact of this plan extends beyond mere financial management; it alleviates the burden of potential liabilities arising from workplace injuries, helping to maintain the financial health of the participating organizations. By effectively managing these resources, the plan enhances the stability and sustainability of the workforce, promoting a safer workplace environment. It instills confidence among employees and employers alike, knowing that resources are allocated efficiently to address any claims that arise. This proactive approach to workers' compensation not only protects the interests of the participants but also contributes to overall organizational resilience and employee well-being.




This information is meant to be a general summary of Genesis Health System Workers' Compensation Plan And Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,940,743 (2022)
Expenses
$2,338,508 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $34,577
  • Gross Receipts: $1,940,743

Assets and Liabilities:

  • Total Assets: $12,459,873
  • Total Liabilities: $8,160,117
  • Net Assets: $4,299,756

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Organization Details

Founding Year

1997

Main Address

1227 E Rusholme Street, Davenport, IA, 52803

NTEE Category

Code: Y250 - Mutual benefit

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