GENERATIONS INC

EIN: 411381175 501(c)(3) Human Services

LUVERNE, MN

Total Revenue
$274,292
Total Expenses
$92,050
Total Assets
$1,430,098
Net Assets
$1,430,098
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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
2020
Legal Domicile
MN
Principal Officer
CORRINE B BONNEMA
Phone
5072270682
Tax Period
2023-01-01 to 2023-12-31

GENERATIONS INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $274K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $182K, a strong 66% operating margin.

Mission

TO PROVIDE FACILITIES AND RESOURCES FOR THE SOCIAL GATHERINGS TO SENIOR CITIZENS. BY PROVIDING FACILITIES AND RESOURCES THIS WILL ENCOURAGE MEETING, PROVIDE ASSISTANCE, ENTERTAINMENT, COMPANIONSHIP AND DEVELOP FRIENDS OF ALL AGES AND GENERATIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $86,274
Program Service Revenue $36,464
Investment Income $151,554
Other Revenue $0
TOTAL REVENUE $274,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $92,050
Other Expenses $92,050
TOTAL EXPENSES $92,050

Year-over-Year Comparison

2023 2022 Change
Revenue $274,292 $471,412 -0.4%
Expenses $92,050 $126,134 -0.3%
Net Income $182,242 $345,278 -0.5%
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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY D ANTOINE BOARD MEMBER N/A
Director
$0 $0 $0
BARBARA J BORK BOARD MEMBER N/A
Director
$0 $0 $0
JUDITH D FENSKE BOARD MEMBER N/A
Director
$0 $0 $0
LYNETTE J HOILAND BOARD MEMBER N/A
Director
$0 $0 $0
BETTY J MANN BOARD MEMBER N/A
Director
$0 $0 $0
DAVID K SCHMIDT BOARD MEMBER N/A
Director
$0 $0 $0
KENNETH W VOS BOARD MEMBER N/A
Director
$0 $0 $0
MARLENE J WASSENAAR BOARD MEMBER N/A
Director
$0 $0 $0
TERRILYN ARENDS BOARD MEMBER N/A
$0 $0 $0
CORRINE B BONNEMA PRESIDENT N/A
Officer
$0 $0 $0
CONNIE FRAHM TREASURER N/A
Officer
$0 $0 $0
MARY C GEHRKE SECRETARY N/A
Officer
$0 $0 $0
MARIAN R SCHNEEKLOTH VICE PRESIDE N/A
Officer
$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
2024 No data No data No data No data
2023 $274,292 $92,050 $1,430,098 $182,242
2022 $471,412 $126,134 $1,449,355 $345,278
2021 $702,532 $109,049 $1,382,578 $593,483
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