SKILL GROWTH FORMERLY KNOWN AS GEN… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

EMILY SCHAFFER

Phone

2027737455

Tax Period

2023-01-01 to 2023-12-31

SKILL GROWTH FORMERLY KNOWN AS GENERATION USA, founded in 2020, is a community nonprofit in the Employment sector that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. Expenses of $9.4M left a modest 4% surplus.

Mission

CHOOSEU CREATES ECONOMIC MOBILITY FOR MARGINALIZED COMMUNITIES BY PROVIDING SKILLS RELEVANT TO THE CURRENT WORKFORCE, INCLUSIVE SUPPORT SYSTEMS, WITH EMPLOYER AND COMMUNITY PARTNERSHIPS TO LAUNCH LIFE-CHANGING CAREERS.

Program Service Accomplishments

Program 1

Expenses: $7,494,834

SKILL GROWTH (DOING BUSINESS AS CHOOSEU) IS A NON-PROFIT, DIRECT SERVICE, WORKFORCE DEVELOPMENT ORGANIZATION. THE CHOOSEU PROGRAM MODEL WORKS IN PARTNERSHIP WITH EMPLOYERS AND COMMUNITY ORGANIZATIONS TO CREATE A PROGRAM COMPOSED OF TRAINING, COACHING AND PLACEMENT SUPPORT, ALL ALIGNED TO SPECIFIC JOBS. CHOOSEU'S GOAL IS INCREASED EARNING AND EMPLOYMENT OPPORTUNITY FOR PROGRAM PARTICIPANTS.SKILL GROWTH WAS ORIGINALLY FOUNDED AS GENERATION USA, THE UNITED STATES AFFILIATE OF GENERATION: YOU EMPLOYED (GYE), A GLOBAL WORKFORCE DEVELOPMENT ORGANIZATION. IN FEBRUARY 2023, THE GYE BOARD MADE THE DECISION TO CHANGE ITS STRATEGY IN THE UNITED STATES AND INITIATED A DISAFFILIATION PROCESS WITH GENERATION USA. IN APRIL 2023, GENERATION USA CHANGED ITS NAME TO SKILL GROWTH AND LAUNCHED A NEW PROGRAM MODEL AS AN INDEPENDENT, NON-AFFILIATED ORGANIZATION, FOCUSED SOLELY ON PROGRAMMING IN THE UNITED STATES. CHOOSEU'S PROGRAMMING IS DELIVERED IN LOCAL COMMUNITIES, CONNECTING PROGRAM PARTICIPANTS TO IN-DEMAND, HIGH-QUALITY JOBS. CHOOSEU IS TRANSITIONING FUNDING TO ALIGN WITH THE LOCAL PROGRAM DELIVERY MODEL. CHOOSEU HAS SUCCESSFULLY VALIDATED AND REPLICATED PROGRAMMING INCLUDING DEVELOPMENT IN DURABLE SKILLS, CAREER NAVIGATION SKILLS, MICROSOFT OFFICE CERTIFICATION AND HOSPITALITY, WITH PLANS FOR EXPANSION INTO OTHER IN-DEMAND INDUSTRY SECTORS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,799,455

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,799,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,705,185

Fundraising Expenses $330,138

Program Expenses $7,494,834

Other Expenses $2,735,247

TOTAL EXPENSES $9,440,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,799,455	$5,266,377	+0.9%
Expenses	$9,440,432	$18,441,009	-0.5%
Net Income	$359,023	$-13,174,632	-1.0%

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

Governance

Voting Members

Independent Members

Employees

110

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

$517,433

Total Directors

$297,561

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY SCHAFFER	CEO AND BOARD MEMBER	40.00	Officer Director	$280,028	$17,533	$297,561
JONATHAN CARMEL	BOARD TREASURER	1.00	Director	$0	$0	$0
CLAUDIA JARAMILLO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTHA LABOISSIERE	BOARD MEMBER	1.00	Director	$0	$0	$0
VAN RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE SALAZAR	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS SEITZ	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
KENNETH SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD CLEMMONS	COO	40.00	Officer	$194,403	$25,469	$219,872
TANYA WEDDERBURN	CHIEF PEOPLE OFFICER	40.00	Highest	$157,463	$19,887	$177,350
AKIL KENNEDY	CHIEF PROGRAM OFFICER (INTERIM)	40.00	Highest	$149,840	$8,636	$158,476
JANELLE GONZALES	CHIEF ADMINISTRATIVE OFFICER	40.00	Highest	$148,792	$15,726	$164,518
RACHEL SHANNON	CHIEF DEVELOPMENT OFFICER (INTERIM)	40.00	Highest	$148,170	$22,892	$171,062
VICTOR REESE	MANAGING DIRECTOR, CAREER SUPPORT & PLACEMENT	40.00	Highest	$138,755	$7,701	$146,456

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	No data	No data	No data	No data
2023	$9,799,455	$9,440,432	$2,490,165	$359,023
2022	$5,266,377	$18,441,009	$3,410,941	$-13,174,632
2021	$7,677,123	$19,514,749	$17,938,466	$-11,837,626
2020	$32,224,485	$4,164,316	$28,826,490	$28,060,169

SKILL GROWTH FORMERLY KNOWN AS GENERATION USA