GATEWAYS TO CHANGE INC (EIN 050468333) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

CATHERINE MCGILLIVRAY

Phone

4014630000

Tax Period

2024-07-01 to 2025-06-30

GATEWAYS TO CHANGE INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $11.6M in total revenue in fiscal year 2024.

Mission

GATEWAYS TO CHANGE, INC. IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO ENHANCING THE QUALITY OF LIFE FOR PERSONS WITH DEVELOPMENTAL DISABILITIES IN COMMUNITY SETTINGS. GATEWAYS WAS DEVELOPED IN RESPONSE TO THE CONTINUING NEED FOR NEW AND CREATIVE MEANS TO KEEP DEVELOPMENTALLY DISABLED ADULTS LIVING, WORKING AND RECREATING IN THE LEAST RESTRICTIVE AND MOST INTEGRATED SETTINGS POSSIBLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $132,669

Program Service Revenue $11,319,875

Investment Income $39,776

Other Revenue $114,997

TOTAL REVENUE $11,607,317

Expense Breakdown

Grants Paid $121,808

Salaries & Benefits $9,665,848

Fundraising Expenses $2,537

Program Expenses $10,364,460

Other Expenses $1,733,966

TOTAL EXPENSES $11,521,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,607,317	$11,608,542	0.0%
Expenses	$11,521,622	$11,248,865	+0.0%
Net Income	$85,695	$359,677	-0.8%

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

245

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

$217,450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FERRANTI	DIRECTOR	1.00	Director	$0	$0	$0
NORBERT LACHMANN	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE SADLIER	DIRECTOR	1.00	Director	$0	$0	$0
ATHENA FLEMING DYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES MORETTI	TREASURER	1.00	Officer Director	$0	$0	$0
DOREEN MACLANE-BAEDER	SECRETARY	1.00	Officer Director	$0	$0	$0
MELISSA CASSIDY	DIRECTOR	1.00	Director	$0	$0	$0
ROSALIE LOPEZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN HAIDEMENOS	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE MCGILLIVRAY	EXECUTIVE DIRECTOR	40.00	Officer	$183,055	$34,395	$217,450
KEITH BERUBE	PSYCHOLOGIST	40.00	Highest	$126,689	$28,692	$155,381
JOANN MCGUIRE	CFO	40.00	Highest	$113,130	$38,976	$152,106
CHRISTINE PIERCE	ASSISTANT DIRECTOR	40.00	Highest	$113,489	$29,832	$143,321
JOANNE SERYDYNSKI	ASSOCIATE DIRECTOR	40.00	Highest	$113,489	$30,912	$144,401
JENNIFER HASSON	DIRECTOR OF NURSING	40.00	Highest	$100,271	$16,986	$117,257

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	$11,607,317	$11,521,622	$6,732,460	$85,695
2024	$11,608,542	$11,248,865	$6,675,021	$359,677
2023	$10,587,955	$10,666,434	$6,331,107	$-78,479
2022	$9,675,531	$9,735,051	$6,223,295	$-59,520
2021	$10,037,567	$8,849,208	$5,951,465	$1,188,359
2020	$8,984,925	$8,838,380	$5,885,060	$146,545
2019	$8,590,750	$8,540,674	$4,458,417	$50,076
2018	$8,325,434	$8,174,323	$4,576,800	$151,111

GATEWAYS TO CHANGE INC