IRON GATE 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

1984

Legal Domicile

Principal Officer

CARRIE VESELY HENDERSON

Phone

9188791702

Tax Period

2024-01-01 to 2024-12-31

IRON GATE INC, founded in 1984, is a community nonprofit in the Religion sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $797K, a strong 23% operating margin.

Mission

IRON GATE'S MISSION IS SIMPLE. WE FEED THE HUNGRY AND HOMELESS OF TULSA, EVERY DAY. WE FEED PEOPLE IN THREE WAYS, THROUGH OUR COMMUNITY MEAL, GROCERY PANTRY, AND KIDS PANTRY.

Program Service Accomplishments

Program 1

Expenses: $1,128,326 Revenue: $17,220

COMMUNITY MEALS THE DAILY SOUP KITCHEN SERVES A HOME-COOKED MEAL FOLLOWING FOOD IS MEDICINE GUIDELINES EVERY DAY OF THE YEAR FROM 8:30 AM TO 10:30 AM. IN 2024, IRON GATE PROVIDED 270,126 MEALS...

COMMUNITY MEALS THE DAILY SOUP KITCHEN SERVES A HOME-COOKED MEAL FOLLOWING FOOD IS MEDICINE GUIDELINES EVERY DAY OF THE YEAR FROM 8:30 AM TO 10:30 AM. IN 2024, IRON GATE PROVIDED 270,126 MEALS, BENEFITING 135,077 PEOPLE.

Program 2

Expenses: $1,069,802

GROCERY PANTRY IRON GATE IS A NO BARRIER PANTRY ACCESSIBLE TO ANYONE IN NEED OF FOOD ASSISTANCE. OUR GROCERY PANTRY PROGRAM PROVIDES SEVERAL SERVICES: SELF- SELECT PANTRY (3X PER WEEK) IS AN...

GROCERY PANTRY IRON GATE IS A NO BARRIER PANTRY ACCESSIBLE TO ANYONE IN NEED OF FOOD ASSISTANCE. OUR GROCERY PANTRY PROGRAM PROVIDES SEVERAL SERVICES: SELF- SELECT PANTRY (3X PER WEEK) IS AN IN-PERSON PANTRY WHERE GUESTS SELECT THEIR OWN GROCERIES. AGENCY PANTRY (2X PER WEEK) IS A PARTNERSHIP WITH CASE MANAGERS TO PICK-UP PRE-PACKED GROCERIES FOR THEIR CLIENTS. HOMELESS OUTREACH PANTRY (5X PER WEEK) IS AN ON/OFF-SITE DISTRIBUTION OF READY-TO- EAT ITEMS DISTRIBUTED BY IRON GATE STAFF AND OUTREACH CASE MANAGERS. IN 2024, IRON GATE PROVIDED 63,148 HOUSEHOLDS WITH GROCERIES BENEFITING 129,699 PEOPLE.

Program 3

Expenses: $40,995

KIDS PANTRY THE KIDS PANTRY DISTRIBUTES A ZIPLOC BAG OF KID-FRIENDLY, HEALTHY SNACKS TO EVERY YOUTH SERVED BY IRON GATE, EITHER THROUGH THE GROCERY PANTRY OR COMMUNITY MEAL. IN 2024, IRON GATE...

KIDS PANTRY THE KIDS PANTRY DISTRIBUTES A ZIPLOC BAG OF KID-FRIENDLY, HEALTHY SNACKS TO EVERY YOUTH SERVED BY IRON GATE, EITHER THROUGH THE GROCERY PANTRY OR COMMUNITY MEAL. IN 2024, IRON GATE PROVIDED 38,007 KID PACKS, BENEFITING 38,007 PEOPLE.

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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 $2,909,444

Program Service Revenue $17,220

Investment Income $452,044

Other Revenue $111,940

TOTAL REVENUE $3,490,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,455,182

Fundraising Expenses $162,238

Program Expenses $2,239,123

Other Expenses $1,238,165

TOTAL EXPENSES $2,693,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,490,648	$4,671,549	-0.3%
Expenses	$2,693,347	$2,503,241	+0.1%
Net Income	$797,301	$2,168,308	-0.6%

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

3173

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

$150,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM GRAYSON	CHAIR	6.00	Officer Director	$0	$0	$0
KELLY JEZEK	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
TRENT ANNAN	TREASURER	3.00	Officer Director	$0	$0	$0
SARAH ALFRED COBB	DEVELOPMENT	3.00	Officer Director	$0	$0	$0
BRENT WAKEFIELD	SECRETARY	3.00	Officer Director	$0	$0	$0
KRISTIN ELLER	DIRECTOR	1.00	Director	$0	$0	$0
DEBBI GUILFOYLE	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL GUSMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN HILLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MINDY MORRISON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
SHANE SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLI SIMS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE VESELY HENDERSON	EXECUTIVE DI	45.00	Officer	$127,386	$22,793	$150,179

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	$3,490,648	$2,693,347	$13,976,336	$797,301
2023	$4,671,549	$2,503,241	$13,175,086	$2,168,308
2022	$2,062,580	$2,258,130	$10,469,285	$-195,550
2021	$2,664,818	$2,043,873	$11,231,140	$620,945
2020	$2,106,750	$2,010,205	$11,092,475	$96,545
2019	$2,821,916	$1,141,328	$10,223,987	$1,680,588
2018	$3,288,741	$955,270	$8,532,672	$2,333,471