FRIENDS OF THE GATEWAY SCHOOLS INC

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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

1981

Legal Domicile

Principal Officer

JODI J SCHWARTZ

Phone

2127775966

Tax Period

2020-07-01 to 2021-06-30

FRIENDS OF THE GATEWAY SCHOOLS INC, founded in 1981, is a small nonprofit that reported $194K in total revenue in fiscal year 2020. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $405K exceeded revenue, resulting in a 109% operating deficit.

Mission

FRIENDS OF THE GATEWAY SCHOOLS RAISES FUNDS TO SUPPORT THE GATEWAY SCHOOL OF NEW YORK, THE GATEWAY MIDDLE SCHOOL AND GSNY PROPERTIES, INC.

Program Service Accomplishments

Program 1

Expenses: $25,000

FRIENDS OF THE GATEWAY SCHOOLS MAKES GRANTS TO THE GATEWAY SCHOOL OF NEW YORK TO ENSURE THE SCHOOL CONTINUES TO OFFER AND DEVELOP ITS UNIQUE EDUCATIONAL PROGRAMS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $168,423

Program Service Revenue $0

Investment Income $1,129

Other Revenue $24,404

TOTAL REVENUE $193,956

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $233,808

Fundraising Expenses $308,468

Program Expenses $25,000

Other Expenses $145,697

TOTAL EXPENSES $404,505

Year-over-Year Comparison

	2020	2019	Change
Revenue	$193,956	$1,054,602	-0.8%
Expenses	$404,505	$4,717,723	-0.9%
Net Income	$-210,549	$-3,663,121	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$453,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODI J SCHWARTZ	CHAIR	1.00	Officer Director	$0	$0	$0
KIERAN CLAFFEY	TREASURER	1.00	Officer Director	$0	$0	$0
BENSON KUTRIEB	SECRETARY	1.00	Officer Director	$0	$0	$0
POLLY S BRANDMEYER	TRUSTEE	1.00	Director	$0	$0	$0
LESLIE DE OLIVEIRA	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW DONOHOE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL R LASCANO	TRUSTEE	1.00	Director	$0	$0	$0
TRACEY LOH	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE MUTTER	TRUSTEE	1.00	Director	$0	$0	$0
AIMA RAZA	TRUSTEE	1.00	Director	$0	$0	$0
VARINDER SINGH	TRUSTEE	1.00	Director	$0	$0	$0
JUDINE SOMERVILLE	TRUSTEE	1.00	Director	$0	$0	$0
MALCOLM TAUB ESQ	TRUSTEE	1.00	Director	$0	$0	$0
JIM WILSON	TRUSTEE	1.00	Director	$0	$0	$0
LISA WOLMAN	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE MADEJ	TRUSTEE EX OFFICIO	1.00	Director	$0	$0	$0
JENNIFER SERANO	TRUSTEE EX OFFICIO	1.00	Director	$0	$0	$0
LAURIE GRUHN	HEAD OF SCHOOL (START 7/1/20)	3.00	Officer	$0	$9,767	$146,718
MAUREEN RYAN	CFOO	3.00	Officer	$0	$25,303	$306,778
JENNIFER CHERNEY	DIRECTOR OF INSTITUTIONAL ADVANCEMENT	40.00	Highest	$189,437	$20,766	$210,203
CAROLYN SALZMAN	FORMER HEAD OF SCHOOL (END 6/30/20)	3.00		$0	$10,205	$215,014

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
2021	$193,956	$404,505	No data	$-210,549
2020	$1,054,602	$4,717,723	$6,784,719	$-3,663,121
2019	$2,920,009	$810,863	$10,444,994	$2,109,146
2018	$1,651,317	$1,173,677	$8,352,701	$477,640