GATEWAY OF HOPE MINISTRIES

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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

2006

Legal Domicile

Principal Officer

VERNITA MCMURTREY

Phone

9133934283

Tax Period

2023-01-01 to 2023-12-31

GATEWAY OF HOPE MINISTRIES, founded in 2006, is a small nonprofit that reported $548K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO LEAD WOMEN TO DISCOVER HOPE, PURSUE HEALING AND LIVE IN WHOLENESS THROUGH COUNSELING, GROUPS, AND COACHING

Program Service Accomplishments

Program 1

Expenses: $407,795 Revenue: $133,268

THE MISSION OF GATEWAY OF HOPE MINISTRIES IS TO PROVIDE HIGH-QUALITY, SAFE AND AFFORDABLE COUNSELING AND THERAPY SERVICES TO WOMEN IN ALL SITUATIONS. COUNSELING FEES ARE SIGNIFICANTLY BELOW THE...

THE MISSION OF GATEWAY OF HOPE MINISTRIES IS TO PROVIDE HIGH-QUALITY, SAFE AND AFFORDABLE COUNSELING AND THERAPY SERVICES TO WOMEN IN ALL SITUATIONS. COUNSELING FEES ARE SIGNIFICANTLY BELOW THE AREA'S AVERAGE MARKET RATES, TO PROVIDE MENTAL HEALTH SERVICES TO WOMEN WHO COULD NOT OTHERWISE AFFORD THEM. COUNSELING IN BOTH INDIVIDUAL AND GROUP SETTINGS IS PROVIDED BY LICENSED PROFESSIONALS IN A PERSONAL, WELCOMING ENVIRONMENT. IN RECENT YEARS A STRONG OUTREACH TO LATINA AND ALL WOMEN OF COLOR HAS FLOURISHED WITH MULTICULTURAL LEADERSHIP AND STAFF DIVERSITY. THE ORGANIZATION IS GROWING DUE TO ITS EXPERTISE AND UNIQUE FOCUS AREAS, WITH BROADER AWARENESS OF MENTAL HEALTH ALSO CREATING NEW DEMAND AMONG WOMEN WHO PREVIOUSLY DID NOT THINK COUNSELING WAS ACCESSIBLE.

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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 $414,527

Program Service Revenue $133,268

Investment Income $5

Other Revenue $247

TOTAL REVENUE $548,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,093

Fundraising Expenses $59,229

Program Expenses $407,795

Other Expenses $295,130

TOTAL EXPENSES $544,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,047	$457,838	+0.2%
Expenses	$544,497	$471,646	+0.2%
Net Income	$3,550	$-13,808	-1.3%

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

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

$76,098

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE LOVE	DIRECTOR	2.00	Director	$0	$0	$0
SANDY CLIPSHAM	TREASURER	2.00	Officer Director	$0	$0	$0
ALEX HOWARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
DEANNA CAMPBELL	SECRETARY	2.00	Officer Director	$0	$0	$0
DENISE MILLS	DIRECTOR	2.00	Director	$0	$0	$0
PALLAVI SRIRAM	DIRECTOR	2.00	Director	$0	$0	$0
DACIA MOORE	EXECUTIVE DIRECTOR	40.00	Officer	$76,098	$0	$76,098

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	$548,047	$544,497	$51,581	$3,550
2022	$457,838	$471,646	$48,643	$-13,808
2021	$246,001	$213,476	$63,047	$32,525
2021	$310,309	$312,928	$30,814	$-2,619
2020	$189,260	$208,698	$28,803	$-19,438
2019	$189,449	$184,608	$27,921	$4,841
2018	$212,238	$213,777	$23,080	$-1,539