RE GEN ER ATE

EIN: 465458776 501(c)(3) Human Services

GRANDVILLE, MI

Total Revenue
$207,649
Total Expenses
$192,934
Total Assets
$63,503
Net Assets
$60,228
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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
2014
Legal Domicile
MI
Principal Officer
LOIS VANDERSTEL
Phone
6166475342
Tax Period
2025-01-01 to 2025-12-31

RE GEN ER ATE, founded in 2014, is a small nonprofit in the Human Services sector that reported $208K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $193K left a modest 7% surplus.

Mission

TO ESTABLISH, MANAGE, OPERATE AND MAINTAIN A THRIFT STORE TO SUPPORT THE MISSION AND OPERATION OF PURITAN REFORMED THEOLOGICAL SEMINARY, A MICHIGAN NONPROFIT CORPORATION, AND TO ENGAGE IN ACTIVITIES RELATED THERETO.

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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 (2025)

Revenue Breakdown

Contributions & Grants $206,870
Program Service Revenue $0
Investment Income $706
Other Revenue $73
TOTAL REVENUE $207,649

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $57,878
Fundraising Expenses $0
Program Expenses $192,934
Other Expenses $35,056
TOTAL EXPENSES $192,934

Year-over-Year Comparison

2025 2024 Change
Revenue $207,649 $190,260 +0.1%
Expenses $192,934 $212,538 -0.1%
Net Income $14,715 $-22,278 -1.7%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
5
Volunteers
N/A

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
8
$53,749
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEIDI BOORSMA BOARD MEMBER 0.77
Officer
$0 $0 $0
RENEE LANGERAK BOARD MEMBER 4.00
Officer
$3,922 $0 $3,922
SUSAN TEUNISSEN BOARD MEMBER 30.71
Officer
$31,940 $0 $31,940
LOIS VANDERSTEL BOARD MEMBER 0.00
Officer
$0 $0 $0
LILIAN ZEVENBERGEN BOARD MEMBER 3.80
Officer
$3,555 $0 $3,555
HENDRIKA ZEVENBERGEN BOARD MEMBER 2.10
Officer
$1,872 $0 $1,872
CATHY SPAANS BOARD MEMBER 13.63
Officer
$12,460 $0 $12,460
JOANNE SWEETMAN BOARD MEMBER 0.50
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
2025 $207,649 $192,934 $63,503 $14,715
2024 $190,260 $212,538 $48,789 $-22,278
2023 $210,777 $212,239 $73,285 $-1,462
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