Generation US

EIN: 821449889 501(c)(3) Employment

Augusta, ME

Total Revenue
$3,278,740
Total Expenses
$1,907,347
Total Assets
$6,676,502
Net Assets
$6,378,639
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
ME
Principal Officer
Craig Larrabee
Phone
2076207180
Tax Period
2024-07-01 to 2025-06-30

Generation US, founded in 2016, is a community nonprofit in the Employment sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 42% operating margin.

Mission

Generation US purpose is to support and benefit Jobs for Maine's Graduates (JMG), a Maine non-profit organization. It conducts fundraising activities aimed at both generating funds for and also to cover expenses related to activities carried on by the organization. The Organization also conducts development and administrative services that will be offered to the organization in order to allow them to shift focus away from day to day administrative tasks.

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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 $2,699,354
Program Service Revenue $579,386
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,278,740

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,566,651
Fundraising Expenses $136,970
Program Expenses $579,855
Other Expenses $340,696
TOTAL EXPENSES $1,907,347

Year-over-Year Comparison

2024 2023 Change
Revenue $3,278,740 $3,034,025 +0.1%
Expenses $1,907,347 $1,876,744 +0.0%
Net Income $1,371,393 $1,157,281 +0.2%
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
7
Independent Members
7
Employees
10
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
7
$1,017,409
Total Directors
8
$408,197
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danielle Ahern Chair 4.00
Officer Director
$0 $0 $0
Virgel Hammonds Vice Chair 2.00
Officer Director
$0 $0 $0
Mike Archer Treasurer 2.00
Officer Director
$0 $0 $0
Chris Cimino Director 1.00
Director
$0 $0 $0
Ryan J Moore Director 1.00
Director
$0 $0 $0
Amy Marston Secretary 2.00
Officer Director
$0 $0 $0
Jeremy Fischer Director 1.00
Director
$0 $0 $0
Craig Larrabee President & CEO 40.00
Officer Director
$354,906 $53,291 $408,197
Kimberley Lipp Executive Vice President 40.00
Officer
$319,581 $43,536 $363,117
Greg Johnson VP - Finance & Administrat 40.00
Officer
$223,478 $22,617 $246,095
Charity West VP - Innovation and Develo 40.00
Highest
$171,364 $14,551 $185,915
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 $3,278,740 $1,907,347 $6,676,502 $1,371,393
2024 $3,034,025 $1,876,744 $4,987,396 $1,157,281
2023 $4,418,468 $1,659,249 $3,656,815 $2,759,219
2022 $1,533,978 $1,530,858 $912,626 $3,120
2021 $1,850,513 $1,386,873 $856,985 $463,640
2018 $903,714 $797,257 $167,683 $106,457
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