GATEWAY MISSIONS INC

EIN: 203088754 501(c)(3)

LUBBOCK, TX

Total Revenue
$39,385
Total Expenses
$55,979
Total Assets
N/A
Net Assets
N/A
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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
TX
Principal Officer
GARY CASEY
Phone
8069280986
Tax Period
2024-01-01 to 2024-12-31

GATEWAY MISSIONS INC, founded in 2005, is a micro nonprofit that reported $39K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 42% operating deficit.

Mission

GATEWAY MISSIONS PURPOSE IS TO TRAIN AND ENCOURAGE INTERNATIONAL PASTORS AND CHURCH LEADERS TO REACH THEIR NATIONS WITH THE GOSPEL, AS WELL AS DEMONSTRATING GOD'S LOVE TOWARD THE INTERNATIONAL STUDENT POPULATION IN OUR LOCAL UNIVERSITIES BY PROVIDING BASIC LIVING AND STUDY NEEDS AND TO PROVIDE MINISTRY AND SERVICE OPPORTUNITES TO THE LOCAL CHURCHES THROUGH SHORT TERM MISSIONS.

Program Service Accomplishments

Program 1
Expenses: $55,979 Revenue: $39,385

FACILITATE SPIRITUAL GROWTH, EDUCATE IN ISSUES RELATED TO TRAINING, LICENSING AND ORDAINING MEN AND WOMEN TO EVERY LEVEL OF MINISTRY SERVICE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,385
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $39,385

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,000
Fundraising Expenses $0
Program Expenses $55,979
Other Expenses $31,979
TOTAL EXPENSES $55,979

Year-over-Year Comparison

2024 2023 Change
Revenue $39,385 $60,793 -0.4%
Expenses $55,979 $73,586 -0.2%
Net Income $-16,594 $-12,793 +0.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
3
$24,000
Total Directors
4
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY CASEY PRESIDENT 40.00
Officer Director
$24,000 $0 $24,000
TOM HEAD MEMBER 0.00
Director
$0 $0 $0
TAB DANIEL MEMBER 0.00
Director
$0 $0 $0
PRESLEY DUKE MEMBER 0.00
Director
$0 $0 $0
BOB HUNTER VICE PRESIDENT/TREASURER 0.00
Officer
$0 $0 $0
WARREN HAVENS SECRETARY 0.00
Officer
$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 $39,385 $55,979 No data $-16,594
2023 $60,793 $73,586 $21,388 $-12,793
2022 $70,869 $82,779 $33,366 $-11,910
2021 $111,043 $95,478 $45,625 $15,565
2020 $84,757 $87,071 $30,396 $-2,314
2019 $150,323 $129,475 $32,525 $20,848
2018 $111,817 $120,919 $11,130 $-9,102
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