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Genesis Healthcare System

Matthew Perry, President/CEO. Fiscal year ending 2024-12.

$1.1M

CEO total compensation
Form 990 Part VII, columns D+E+F

0.25%

of expenses spent on charity care
Schedule H Part I line 7a

65.8%

CEO pay as a share of all charity care

Matthew Perry’s pay of $1,078,176 equals 65.8 percent of the $1,638,795 the system spent on charity care in the same year.

§1The filing

Total revenue: $759,908,584
Total expenses: $662,821,713
Net assets: $260,893,200
Employees: 4,004
Hospitals covered: 1 facilities across 1 filing
Charity care, net: $1,638,795
Bad debt: $33,902,558
Medicare surplus (shortfall), as filed: $2,084,712
CEO pay from the organization (Part VII col. D): $1,042,506
From related organizations (col. E): $0
Other compensation, including deferred pay and nontaxable benefits (col. F): $35,670
CEO total compensation (D+E+F): $1,078,176 to Matthew Perry

Medicare surplus (shortfall) is Schedule H Part III line 7: Medicare revenue minus the cost of Medicare care. A figure in parentheses is a shortfall. Like bad debt, it is not community benefit on the IRS form.

Source: Form 990, Genesis Healthcare System, EIN 31-1480941, fiscal year ending 2024-12, as published by the IRS. CEO identification: ceo title.

§2Community benefit versus charity care

What the system reported as total community benefit (Schedule H line 7k)$33.7M Of which charity care to patients who could not pay (line 7a)$1.6M (5%)

The rest of line 7k is Medicaid shortfall, medical education, research, subsidized services and contributions. Bad debt ($33.9M) and Medicare shortfall are reported separately by the IRS and are not community benefit on the form.

Every number on this page was copied from the filing linked above. If a figure is wrong, send the filing that contradicts it and the correction runs at the top of this page.

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Genesis Healthcare System: CEO pay $1.1M, charity care 0.25% of expenses

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Genesis Healthcare System reported $1,078,176 in compensation for chief executive Matthew Perry in the fiscal year ending 2024-12. It spent 0.25% of expenses on charity care, $1,638,795. Source: its own IRS Form 990. https://everythingisbroken.org/reports/hospital-ceo-pay/system/genesis-healthcare-system-31-1480941.html