Charity Search / GENERATIONS HEALTH CARE INITIATIVES INC
Health Care (E12) 990 on File

GENERATIONS HEALTH CARE INITIATIVES INC

EIN: 41-2000473 · DULUTH, MN 55802-4035 · United States · FY 2023 Data
3 out of 5 46 / 100 Based on 2+ years of filings
Financial strength (30%) 76/100
Reliability (20%) 55/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$743K
Total Revenue
$1.0M
Total Expenses
$11.4M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 91.5%
Fundraising Efficiency N/A
Operating Reserve 130.52x
Liability-to-Asset 2.1%
Revenue Diversification 48.9%
Executive Compensation $203K
Compared with Peers
FY 2023
Compared with 4,434 similar organizations (United States, Health Care, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
91.5% 84.9%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
130.5 mo 9.7 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
2.1% 14.7%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
48.9% 91.3%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-30.3% 5.6%
P10P90
Expense growth
Year over year expense growth
16.9% 9.2%
P10P90
Surplus margin
Surplus as a share of revenue
-40.6% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $743K $1.0M $11.4M 91.5%
2022 $1.1M $893K $11.0M 94.7%
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Organization Details
EIN
41-2000473
State
MN
City
DULUTH
ZIP
55802-4035
Classification
E12
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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