NORTH GATE MINISTRIES (EIN 202735723) - 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

2005

Legal Domicile

Principal Officer

STEVE ERICKSON

Phone

4404172499

Tax Period

2024-01-01 to 2024-12-31

NORTH GATE MINISTRIES, founded in 2005, is a micro nonprofit in the Religion sector that reported $22K in total revenue in fiscal year 2024. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $49K exceeded revenue, resulting in a 126% operating deficit.

Mission

ORGANIZATION MISSION IS TO ASSIST THE COMMUNITY THROUGH OUTREACH FOR THE CHURCH.

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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 $38,800

Program Service Revenue $0

Investment Income $0

Other Revenue $-17,188

TOTAL REVENUE $21,612

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,542

Other Expenses $48,915

TOTAL EXPENSES $48,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,612	$45,171	-0.5%
Expenses	$48,915	$34,529	+0.4%
Net Income	$-27,303	$10,642	-3.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE ERICKSON	DIRECTOR	010.00	Officer Director	$0	$0	$0
JANE ERICKSON	DIRECTOR	010.00	Officer 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	$21,612	$48,915	$18,227	$-27,303
2023	$45,171	$34,529	$47,058	$10,642
2022	$21,914	$7,799	$36,287	$14,115
2021	$19,210	$10,204	$22,210	$9,006
2020	$27,472	$21,383	$12,809	$6,089

NORTH GATE MINISTRIES