GATEWAY CHARTER SCHOOL (EIN 260749959) - 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

2008

Legal Domicile

Principal Officer

TIA HARGROVE

Phone

3026334091

Tax Period

2024-07-01 to 2025-06-30

GATEWAY CHARTER SCHOOL, founded in 2008, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 11% surplus.

Mission

THE MISSION OF GATEWAY CHARTER SCHOOL IS TO PROVIDE AN EXTRAORDINARY EDUCATIONAL OPPORTUNITY FOR CHILDREN WHO ARE STRUGGLING TO ACHIEVE ACADEMIC SUCCESS IN A TRADITIONAL SCHOOL ENVIRONMENT, UTILIZING RESEARCH-BASED INTERVENTION STRATEGIES AND A HIGHLY TAILORED, ARTS-BASED LEARNING ENVIRONMENT THAT SEEKS TO IDENTIFY AND CAPITALIZE ON A STUDENT'S STRENGTHS AND INTERESTS. TO BECOME A RESOURCE TO THE COMMUNITY AS A CENTER FOR THE PROFESSIONAL DEVELOPMENT AND EDUCATION OF TEACHERS, PARENTS AND STUDENTS BY PROVIDING ACCESS TO THE LATEST RESEARCH-BASED CURRICULUM, TECHNOLOGY AND TRAINING.

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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 $5,818,453

Program Service Revenue $11,960

Investment Income $84,448

Other Revenue $0

TOTAL REVENUE $5,914,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,314,504

Fundraising Expenses $0

Program Expenses $3,453,421

Other Expenses $1,954,585

TOTAL EXPENSES $5,269,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,914,861	$5,036,983	+0.2%
Expenses	$5,269,089	$4,803,735	+0.1%
Net Income	$645,772	$233,248	+1.8%

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

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

$287,974

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM PERKINS	COMMUNITY DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MANGIERI	SECRETARY	2.00	Officer Director	$0	$0	$0
SURINDER SHARMA	COMMUNITY DIRECTOR	1.00	Director	$0	$0	$0
WINFRED BROWNE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GREGORY JONES	PRESIDENT	2.00	Officer Director	$0	$0	$0
AUBREY EVERETT	TEACHER DIRECTOR	40.00	Director	$74,854	$25,011	$99,865
JOYCE HENDERSON	TREASURER	2.00	Officer Director	$0	$0	$0
DEBORAH CURRY	TEACHER DIRECTOR	40.00	Director	$64,847	$23,210	$88,057
SHANNON STAAB	PARENT DIRECTOR	40.00	Director	$73,167	$26,885	$100,052
MAGGIE MCMILLAN	COMMUNITY DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE DOLAN	HEAD OF SCHOOL	40.00	Highest	$115,380	$31,455	$146,835
MARLIN WHITE	PRINCIPAL	40.00	Highest	$104,189	$33,585	$137,774

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
2025	$5,914,861	$5,269,089	$4,444,697	$645,772
2024	$5,036,983	$4,803,735	$4,725,744	$233,248
2023	$5,021,141	$4,996,421	$4,522,357	$24,720
2022	$4,959,063	$4,618,974	$5,323,967	$340,089
2021	$4,128,990	$4,657,851	$4,890,774	$-528,861
2020	$4,783,770	$4,962,467	$3,066,515	$-178,697
2019	$4,923,731	$4,928,517	$2,803,313	$-4,786
2018	$5,115,392	$5,312,667	$3,034,532	$-197,275

GATEWAY CHARTER SCHOOL