Governmental and Educational Assistance Corporation

EIN: 621691489 501(c)(3) Housing & Shelter

Champlin, MN

Total Revenue
$59,018,091
Total Expenses
$54,283,243
Total Assets
$107,961,363
Net Assets
$11,430,534
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
AR
Principal Officer
James E Bettendorf
Phone
9528370542
Tax Period
2024-07-01 to 2025-06-30

Governmental and Educational Assistance Corporation, founded in 1997, is a mid-sized nonprofit in the Housing & Shelter sector that reported $59.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $54.3M left a modest 8% surplus.

Mission

Transform lives, providing compassionate care and joy-filled environments.

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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 (2024)

Revenue Breakdown

Contributions & Grants $124,135
Program Service Revenue $55,345,356
Investment Income $502,296
Other Revenue $3,046,304
TOTAL REVENUE $59,018,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,454,254
Fundraising Expenses $0
Program Expenses $46,356,566
Other Expenses $22,828,989
TOTAL EXPENSES $54,283,243

Year-over-Year Comparison

2024 2023 Change
Revenue $59,018,091 $46,182,641 +0.3%
Expenses $54,283,243 $43,686,323 +0.2%
Net Income $4,734,848 $2,496,318 +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

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Governance

Voting Members
6
Independent Members
6
Employees
1175
Volunteers
75

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
$1,599,631
Total Directors
6
$215,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Morris E Knopf Chair 3.00
Officer Director
$37,500 $0 $37,500
Denice Jasper Vice Chair 3.00
Officer Director
$36,500 $0 $36,500
Jim Ehrenberg Treasurer 3.00
Officer Director
$36,500 $0 $36,500
Jean Bey Secretary 3.00
Officer Director
$35,500 $0 $35,500
Rose Agnew Director 3.00
Director
$34,500 $0 $34,500
William Green Director 3.00
Director
$34,500 $0 $34,500
James E Bettendorf CEO 40.00
Officer
$487,408 $53,901 $541,309
Dewey Pettit CFO 40.00
Officer
$301,859 $27,325 $329,184
Anna Petersmeyer COO 40.00
Officer
$280,208 $9,268 $289,476
Scott Hamman CAO 40.00
Officer
$255,687 $37,975 $293,662
Lisa Ambli VP, Sales and Marketing 40.00
Highest
$158,446 $6,317 $164,763
Reed Mainquist Controller 40.00
Highest
$146,986 $18,471 $165,457
Melissa Plachecki Organizational Director of Healthcare 40.00
Highest
$159,950 $19,415 $179,365
Kimberly Putz Executive Director 40.00
Highest
$129,635 $18,764 $148,399
Jennie Marcus Regional Director 40.00
Highest
$158,968 $42,890 $201,858
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 $59,018,091 $54,283,243 $107,961,363 $4,734,848
2024 No data No data No data No data
2023 $38,675,988 $36,646,509 $70,356,688 $2,029,479
2022 $37,232,255 $34,257,262 $73,286,933 $2,974,993
2021 $32,792,478 $29,999,083 $65,629,127 $2,793,395
2020 $28,939,725 $28,740,028 $59,175,249 $199,697
2019 $33,969,379 $27,404,841 $57,162,100 $6,564,538
2018 $35,079,197 $27,686,287 $59,473,905 $7,392,910
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