GENERATION ONE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MICHAEL J MALKEMES

Phone

7136548008

Tax Period

2022-07-01 to 2023-06-30

GENERATION ONE INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2022. Expenses of $2.2M left a modest 4% surplus.

Mission

GENERATION ONE EXISTS TO BE A CATALYST FOR EFFECTIVE COMMUNITY TRANSFORMATION TO HELP BREAK THE CYCLE OF GENERATIONAL POVERTY. THE MISSION IS TO ENGAGE THE THIRD WARD OF HOUSTON, TX THROUGH THE USE OF EARLY CHILDHOOD DEVELOPMENT, PARENT TRAINING,COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $1,446,827 Revenue: $0

GENERATON ONE ACADEMY, A PRIVATE CHRISTIAN SCHOOL,FOCUSES ON EARLY CHILDHOOD DEVELOPMENT AND PARENT TRAINING WITH CLASSES FOR AGES 2 THROUGH FIRST GRADE. IN ADDITION TO SMALLER CLASSROOM SETTINGS...

GENERATON ONE ACADEMY, A PRIVATE CHRISTIAN SCHOOL,FOCUSES ON EARLY CHILDHOOD DEVELOPMENT AND PARENT TRAINING WITH CLASSES FOR AGES 2 THROUGH FIRST GRADE. IN ADDITION TO SMALLER CLASSROOM SETTINGS ON-SITE, COLLABORATIONS WITH LOCAL CHARTER SCHOOLS HELP PROVIDE MORE OPPORTUNITIES FOR LONG-TERM LEARNING AND SUCCESS THAT IS NOT GENERALLY POSSIBLE IN THE SCHOOLS IN THE 3RD WARD, A HIGH POVERTY AREA. THE CHILDREN ALSO RECEIVE TWO MEALS AND A SNACK EACH DAY. THE PARENTING PROGRAMS PROVIDE TRAINING FOR PARENTS AS WELL AS OPPORTUNITIES FOR PARENTS TO PARTICIPATE IN SCHOOL ACTIVITIES, HELP IN CLASSROOMS AND BECOME MORE INVOLVED IN THE LIFE OF THEIR CHILD.

Program 2

Expenses: $106,192 Revenue: $0

THE AFTER SCHOOL PROGRAMS (LIVE AND MENTORING) HELP PROVIDE A 12 MONTH SCHOOL YEAR. THIS PROGRAM ALSO CONTINUES TO MEET THE NEEDS OF THE CHILDREN WHO HAVE GRADUATED FROM THE ACADEMY BY PROVIDING...

THE AFTER SCHOOL PROGRAMS (LIVE AND MENTORING) HELP PROVIDE A 12 MONTH SCHOOL YEAR. THIS PROGRAM ALSO CONTINUES TO MEET THE NEEDS OF THE CHILDREN WHO HAVE GRADUATED FROM THE ACADEMY BY PROVIDING TRANSPORTAION TO LOCAL CHARTER SCHOOLS. THE PROGRAM INCLUDES TUTORING, MENTORING, FIELD TRIPS, DANCE, SCOUTING & MUSIC PROGRAMS WHICH HELPS KEEP THE OLDER CHILDREN IN A SAFE & POSITIVE LEARNING ENVIRONMENT. PARENTS ARE ENCOURAGED TO VOLUNTEER AND PARTICIPATE IN TRAINING SESSIONS THAT WILL HELP THE FAMILY AS A WHOLE.

Program 3

Expenses: $81,772 Revenue: $0

THE COMMUNITY REVITALIZATION, VOLUNTEER & OUTREACH PROGRAMS SERVE THE COMMUNITY THROUGH THE MOBILIZATION OF VOLUNTEERS WHO RESPOND TO NEEDS SUCH AS PAINTING HOMES, CLEARING LOTS & DEMOLISHING...

THE COMMUNITY REVITALIZATION, VOLUNTEER & OUTREACH PROGRAMS SERVE THE COMMUNITY THROUGH THE MOBILIZATION OF VOLUNTEERS WHO RESPOND TO NEEDS SUCH AS PAINTING HOMES, CLEARING LOTS & DEMOLISHING DELAPIDATED BUILDINGS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $2,188,567

Program Service Revenue $0

Investment Income $-7,140

Other Revenue $120,259

TOTAL REVENUE $2,301,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,309,087

Fundraising Expenses $314,387

Program Expenses $1,634,791

Other Expenses $903,566

TOTAL EXPENSES $2,212,653

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,301,686	$2,156,157	+0.1%
Expenses	$2,212,653	$1,480,869	+0.5%
Net Income	$89,033	$675,288	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

400

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

$94,884

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J MALKEMES	CEO	40.00	Key Emp	$94,884	$0	$94,884
BEN COWART	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DULANEY	VICE CHAIRMAN	1.00	Director	$0	$0	$0
CHARLIE MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
CLYDE LEUCHTAG	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS STRATTON	TREASURER	1.00	Officer Director	$0	$0	$0
DANNY LOVELADY	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,301,686	$2,212,653	$2,393,120	$89,033
2022	$2,131,157	$1,480,869	$2,249,423	$650,288
2021	$1,642,243	$1,340,992	$1,978,128	$301,251
2020	$1,412,929	$1,205,090	$1,577,794	$207,839
2019	$1,072,069	$1,041,676	$1,435,945	$30,393
2018	$1,345,832	$1,004,617	$1,428,905	$341,215