GATEWAYS INDUSTRIES INC (EIN 208073895) - 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

2007

Legal Domicile

Principal Officer

JAMES LINERT

Phone

3307922854

Tax Period

2024-01-01 to 2024-12-31

GATEWAYS INDUSTRIES INC, founded in 2007, is a community nonprofit in the Mental Health sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 9% surplus.

Mission

THE PURPOSE OF THE CORPORATION IS TO PROVIDE ASSISTANCE TO PERSONS WITH DISABILITIES, INCLUDING BUT NOT LIMITED TO, PROVIDING HABILITATION AND VOCATIONAL SERVICES FOR INDIVIDUALS WITH DISABILITIES IN A VARIETY OF SETTINGS, INCLUDING THE OPERATION OF SHELTERED WORKSHOPS, SUPPORTED EMPLOYMENT AND SIMILAR FACILITIES.

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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 $0

Program Service Revenue $4,888,262

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,888,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,341,233

Other Expenses $4,437,496

TOTAL EXPENSES $4,437,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,888,262	$3,741,048	+0.3%
Expenses	$4,437,496	$4,035,879	+0.1%
Net Income	$450,766	$-294,831	-2.5%

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

N/A

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

$465,264

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN BIELECKI	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL LEONE	TRUSTEE	1.00	Director	$0	$0	$0
KAY MILICH	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN MENTEN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KOMLENAC	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LINERT	CFO	1.00	Officer	$0	$37,302	$219,476
KARL WARE	EXECUTIVE DIRECTOR	1.00	Officer	$0	$19,934	$245,788

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	$4,888,262	$4,437,496	$1,190,687	$450,766
2023	$3,741,048	$4,035,879	$1,160,254	$-294,831
2022	$3,509,815	$3,912,150	$1,325,265	$-402,335
2021	$3,010,181	$3,141,741	$1,386,126	$-131,560
2020	$2,604,845	$2,228,849	$999,871	$375,996
2019	$3,799,110	$3,196,337	$912,368	$602,773
2018	$3,558,439	$2,923,089	$971,168	$635,350

GATEWAYS INDUSTRIES INC