GENERATION U INC

EIN: 841978503 501(c)(3) Health Care

STEAMBOAT SPRINGS, CO

Total Revenue
$509,009
Total Expenses
$521,569
Total Assets
$27,652
Net Assets
$27,652
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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
2019
Legal Domicile
CO
Principal Officer
JOEL COBB
Phone
7705407889
Tax Period
2024-01-01 to 2024-12-31

GENERATION U INC, founded in 2019, is a small nonprofit in the Health Care sector that reported $509K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

GENERATION U IS DEDICATED TO GIVING SAFE WATER TO EVERY PERSON IN UGANDA, AFRICA

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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 $514,568
Program Service Revenue $0
Investment Income $171
Other Revenue $-5,730
TOTAL REVENUE $509,009

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $72,023
Fundraising Expenses $0
Program Expenses $495,343
Other Expenses $439,546
TOTAL EXPENSES $521,569

Year-over-Year Comparison

2024 2023 Change
Revenue $509,009 $309,726 +0.6%
Expenses $521,569 $454,019 +0.1%
Net Income $-12,560 $-144,293 -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
5
Independent Members
4
Employees
1
Volunteers
10

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
$66,437
Total Directors
5
$66,437
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL COBB CHAIR 40.00
Officer Director
$66,437 $0 $66,437
BRIDGET COBB SECRETARY 1.00
Officer Director
$0 $0 $0
NICK CORNWELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
NATHAN HAMBY TREASURER 1.00
Officer Director
$0 $0 $0
TROY LEWIS PASTORAL ADV 1.00
Director
$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 $509,009 $521,569 $27,652 $-12,560
2023 $309,726 $454,019 $40,212 $-144,293
2022 $412,281 $227,175 $185,106 $185,106
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