Houston Gateway Academy Inc

EIN: 311614343 501(c)(3) Education

Houston, TX

Total Revenue
$27,901,991
Total Expenses
$21,437,097
Total Assets
$117,109,581
Net Assets
$116,038,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TX
Principal Officer
Elizabeth McCarthy
Phone
8326492700
Tax Period
2024-09-01 to 2025-08-31

Houston Gateway Academy Inc, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $27.9M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $6.5M, a strong 23% operating margin.

Mission

To develop strong critical thinkers that will graduate from a four year college by providing character and rigorous curriculum.

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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 $27,891,109
Program Service Revenue $0
Investment Income $10,882
Other Revenue $0
TOTAL REVENUE $27,901,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,416,831
Fundraising Expenses $21,159
Program Expenses $13,666,112
Other Expenses $8,020,266
TOTAL EXPENSES $21,437,097

Year-over-Year Comparison

2024 2023 Change
Revenue $27,901,991 $31,815,348 -0.1%
Expenses $21,437,097 $21,163,338 +0.0%
Net Income $6,464,894 $10,652,010 -0.4%
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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Governance

Voting Members
3
Independent Members
3
Employees
263
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
2
$416,125
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charlie Menefee Board Treasurer 1.00
Director
$0 $0 $0
Gilbert Ramon Board Secretary 1.00
Director
$0 $0 $0
Michael Medina Board President 1.00
Director
$0 $0 $0
Francisco Penning Superintendent 60.00
Officer
$225,400 $0 $225,400
Elizabeth McCarthy Compliance Officer 60.00
Officer
$190,725 $0 $190,725
Tiffany Wright Principal 60.00
Highest
$141,377 $0 $141,377
Yuridia Garcia Principal 40.00
Highest
$110,403 $0 $110,403
Sheila Marsh Principal 40.00
Highest
$103,122 $0 $103,122
Maria Ochoa Teacher 40.00
Highest
$100,565 $0 $100,565
Raul Arroyo Maintenance Manager 40.00
Highest
$102,993 $0 $102,993
Elena Paz Human Resources 40.00
Highest
$100,391 $0 $100,391
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 $27,901,991 $21,437,097 $117,109,581 $6,464,894
2024 $31,815,348 $21,163,338 $111,577,348 $10,652,010
2023 $28,755,470 $18,040,088 $100,720,262 $10,715,382
2022 $30,104,299 $17,532,859 $92,608,918 $12,571,440
2021 $32,736,217 $15,773,143 $78,886,053 $16,963,074
2020 $26,877,419 $16,591,183 $62,990,199 $10,286,236
2018 $19,788,267 $17,489,566 $59,435,202 $2,298,701
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