GATEWAY ASSOCIATION 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

1953

Legal Domicile

Principal Officer

SARA KRUMME

Phone

7656491900

Tax Period

2023-01-01 to 2023-12-31

GATEWAY ASSOCIATION INC, founded in 1953, is a small nonprofit in the Health Care sector that reported $656K in total revenue in fiscal year 2023.

Mission

TO HELP YOUNG CHILDREN OF ALL ABILITIES TO REACH THEIR HIGHEST POTENTIAL THROUGH EDUCATION, THERAPIES, AND OTHER SUPPORT SYSTEMS. WE DO THIS BY FACILITATING THERAPY SERVICES, EARLY EDUCATION AND DEVELOPMENTAL PRESCHOOL, AND CAREGIVER SUPPORT SERVICES.

Program Service Accomplishments

Program 1

Expenses: $597,266 Revenue: $634,550

CHILD CARE CENTER

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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 $18,226

Program Service Revenue $625,531

Investment Income $250

Other Revenue $12,374

TOTAL REVENUE $656,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $548,044

Fundraising Expenses $29,142

Program Expenses $597,266

Other Expenses $169,512

TOTAL EXPENSES $717,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$656,381	$679,665	0.0%
Expenses	$717,556	$655,889	+0.1%
Net Income	$-61,175	$23,776	-3.6%

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

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

$59,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON DEENA JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TERRY RIGGINS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY K WATKINS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA O'NEAL	TREASURER	2.00	Officer Director	$0	$0	$0
HOLLY LAMBERT	SECRETARY	2.00	Officer Director	$0	$0	$0
MELANIE DUNKIN	BOARD MEMBER	2.00	Director	$0	$0	$0
CANDY SHORT	BOARD MEMBER	2.00	Director	$0	$0	$0
SARA JO KRUMME	EXECUTIVE DIRECTOR	40.00	Officer	$59,080	$0	$59,080

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	$656,381	$717,556	$250,965	$-61,175
2022	$679,665	$655,889	$313,398	$23,776
2021	$609,909	$469,370	$274,820	$140,539
2020	$445,662	$425,498	$136,412	$20,164
2019	$493,670	$491,361	$119,313	$2,309
2018	$504,018	$489,678	$111,034	$14,340