GENERATIONS COLLEGE INC (EIN 362581098) - Form 990 Financial Analysis & Trantor Score

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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

1965

Legal Domicile

Principal Officer

MIKE GOLEBIOWSKI

Phone

3129221884

Tax Period

2024-07-01 to 2025-06-30

GENERATIONS COLLEGE INC, founded in 1965, is a community nonprofit in the Education sector that reported $6.1M in total revenue in fiscal year 2024. Expenses of $6.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

GENERATIONS COLLEGE IS A PRIVATE, NONPROFIT INSTITUTION WHOSE MISSION IS TO PROVIDE A TRANSFORMATIVE EDUCATIONAL EXPERIENCE TO ITS DIVERSE STUDENT BODY IN AN ENVIRONMENT THAT PROMOTES LEARNING AND ENCOURAGES, EMPOWERS, AND NURTURES THE WELL-BEING OF THE WHOLE PERSON. OUR COMPREHENSIVE ACADEMIC PROGRAMS CHALLENGE STUDENTS TO EXCEL IN THEIR ACADEMIC AND CAREER PURSUITS AND PREPARE STUDENTS TO BE LIFELONG LEARNERS AND RESPONSIBLE CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,417

Program Service Revenue $5,980,161

Investment Income $77,557

Other Revenue $4,464

TOTAL REVENUE $6,097,599

Expense Breakdown

Grants Paid $1,654,282

Salaries & Benefits $2,516,073

Fundraising Expenses $19,186

Program Expenses $5,012,855

Other Expenses $2,592,536

TOTAL EXPENSES $6,762,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,097,599	$5,817,720	+0.0%
Expenses	$6,762,891	$6,056,380	+0.1%
Net Income	$-665,292	$-238,660	+1.8%

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

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

$408,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GOLEBIOWSKI	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
RHONDA JENSEN	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BERNARD J TOUSSAINT	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DR GRACE ALEXIS	CHANCELLOR	40.00	Officer	$241,500	$35,676	$277,176
MATT GAWENDA	PRESIDENT (THRU 7/24)	40.00	Officer	$77,257	$15,806	$93,063
HECTOR FERRER	DEAN OF FINANCE AND OPERATIONS (9/24 - 12/24)	40.00	Officer	$35,458	$2,629	$38,087
JOE PAINTER	DEAN OF ADMISSIONS	40.00	Highest	$106,575	$0	$106,575

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	$6,097,599	$6,762,891	$5,677,516	$-665,292
2024	No data	No data	No data	No data
2023	$5,323,151	$5,498,932	$6,852,000	$-175,781
2022	$6,437,809	$5,421,683	$4,565,930	$1,016,126
2021	$4,421,944	$4,083,064	$4,254,974	$338,880
2020	$8,020,997	$7,903,140	$3,551,706	$117,857
2019	$9,345,865	$8,933,957	$3,049,912	$411,908
2018	$9,116,687	$8,615,214	$2,785,896	$501,473

GENERATIONS COLLEGE INC