NARROW GATE FOUNDATION (EIN 201748295) - 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

2004

Legal Domicile

Principal Officer

WILLIAM SPENCER

Phone

9315830633

Tax Period

2023-01-01 to 2023-12-31

NARROW GATE FOUNDATION, founded in 2004, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2023.

Mission

A CHRISTIAN EXPERIENCE FOR YOUNG MEN FROM DISTRACTIONS OF LIFE, TO DISCOVER THEIR PURPOSE IN LIFE.

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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 $1,853,663

Program Service Revenue $22,094

Investment Income $2,858

Other Revenue $1,448,869

TOTAL REVENUE $3,327,484

Expense Breakdown

Grants Paid $24,693

Salaries & Benefits $2,106,132

Fundraising Expenses $480,425

Program Expenses $2,913,818

Other Expenses $1,363,566

TOTAL EXPENSES $3,494,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,327,484	$3,190,176	+0.0%
Expenses	$3,494,391	$3,230,657	+0.1%
Net Income	$-166,907	$-40,481	+3.1%

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

$235,410

Total Directors

$300,770

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SPENCER	PRESIDENT, CO-EXECUTIVE	40.00	Officer Director	$109,747	$8,227	$117,974
STACY SPENCER	DIRECTOR, CO-EXECUTIVE	40.00	Officer Director	$109,209	$8,227	$117,436
PHIL STONER	DIRECTOR	40.00	Director	$58,406	$6,954	$65,360
DON WHITE	TREASURER	2.00	Officer Director	$0	$0	$0
DON LAWRENCE	CHAIRMAN	2.00	Director	$0	$0	$0
KURT BEASLEY	DIRECTOR	1.00	Director	$0	$0	$0
PJ HEIMERMANN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON LITTON END 0323	DIRECTOR	1.00	Director	$0	$0	$0
BOB ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
DARYL WALNY	DIRECTOR	1.00	Director	$0	$0	$0
JIM YOUNG START 1123	DIRECTOR	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	No data	No data	No data	No data
2023	$3,327,484	$3,494,391	$1,818,478	$-166,907
2022	$3,190,176	$3,230,657	$1,892,893	$-40,481
2021	$2,973,441	$2,780,011	$1,833,553	$193,430
2020	$2,843,528	$2,525,607	$1,531,420	$317,921
2019	$2,232,935	$2,029,133	$1,195,341	$203,802
2018	$1,787,988	$1,746,617	$930,593	$41,371

NARROW GATE FOUNDATION