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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

We empower our employees to support older adults in achieving fulfilling lifestyles, while maintaining responsible stewardship of our resources. Our five core values are: Caring, Respect, Collaboration, Innovation, and Stewardship.

Program Service Accomplishments

Program 1
Expenses: $46,356,566 Revenue: $55,345,356

In FY2025, VPC served over 1,000 residents and employed a staff of over 750. The organization owned ten senior living communities, offering independent living, assisted living, care suites, and...

Read more

In FY2025, VPC served over 1,000 residents and employed a staff of over 750. The organization owned ten senior living communities, offering independent living, assisted living, care suites, and memory care across three states: Minnesota, Iowa and Wisconsin. VPC owns and directly manages all of the location.(Continued on Schedule O)VPC was incorporated in 1997 as a nonprofit organization for charitable purposes under its original name Governmental & Educational Assistance Corporation. In 2025, VPC provided over $4.4 million in charitable support to qualifying residents in various public assistance programs. VPC is dedicated to the highest possible quality, striving to provide innovative and relevant services through collaborative partnerships; making a significant difference in the lives of those we serve and their loved ones. For more information, visit www.vistaprairie.org. The Vision of Vista Prairie Communities is to continually evolve to enrich the lives of those we are called to serve and to meet the growing needs of the greater community. * Vista Prairie at Brentwood (Rice Lake, WI) 47 unit assisted living and memory care.* Vista Prairie at Copperleaf (Willmar, MN) 86 unit assisted living, memory care and care suites community. * Vista Prairie at Fieldcrest (Sheldon, IA) 81 unit assisted living and memory care.* Vista Prairie at Garnette Gardens (Redwood Falls, MN) 87 unit assisted living and memory care community. * Vista Prairie at Goldfinch Estates (Fairmont, MN) 133 unit assisted living, memory care and care suites community. * Vista Prairie at North Pointe (North Mankato, MN) 100 unit assisted living and care suites community. * Vista Prairie at Red Cedar Canyon (Hudson, WI) 68 unit independent living, assisted living and memory care community. * Vista Prairie at Ridgeway (New Ulm, MM) 61 unit and 55 unit assisted living and memory care communities.* Vista Prairie at Windmill Ponds (Alexandria, MN) 91 unit assisted living, memory care and care suites community. We are pleased to report progress in the following key areas. Financial Stewardship Through strategic occupancy growth and cost management, VPC exceeded its budgeted operating margin. This financial strength supports reinvestment in care delivery, staff support and mission-driven programming.Expansion and Community Growth VPC advanced development of Vista Prairie at Eagle Pointe, a 134-unit senior living community in St. Francis, Minnesota. Construction was underway on the planned unit mix, including independent living, assisted living, memory care, and care suites with an anticipated opening in November 2025. This project positions VPC to meet growing community needs and expand access to exceptional care in joy-filled environments.Strategic Acquisition VPC acquired Vista Prairie at Red Cedar Canyon in Hudson, Wisconsin, a 91-unit senior living community serving older adults in the St. Croix Valley region. This acquisition expands VPC's service footprint and strengthens its mission to serve more individuals with compassionate, high-quality care in purpose-driven communities.Advancing Resident Well-being Through Innovation VPC continued implementation of CarePredict technology, a cutting-edge AI-based care platform that has improved resident health outcomes by reducing hospitalizations and falls. This initiative reinforces VPC's focus on proactive, data-informed care practices.Future Stability and Enhancements VPC invested more than $720,000 in capital improvements at Goldfinch Estates, completing renovations aligned with the Aspire Lifestyle. These investments improved the physical environment, supported staff efficiency, and extended the useful life of the assets.Strategic Portfolio Alignment -- During the year, VPC completed the sale of Emerald Village as part of a strategic effort to better align its portfolio with organizational mission and operational focus. VPC was not responsible for the day-to-day management of the community, and divestment allowed the organization to concentrate resources, leadership, and capital on communities where it directly oversees operations and can most effectively advance its mission.Vista Praire Communities remains committed to its mission of serving older adults by providing compassionate care and joy-filled environments in the communities we serve.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Governmental and Educational Assistance Corporation with other nonprofits in Minnesota and across the country.