PATRIOTS' GATEWAY COMMUNITY CENTER

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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

1987

Legal Domicile

Principal Officer

MICHAEL THOMAS

Phone

8153163023

Tax Period

2024-01-01 to 2024-12-31

PATRIOTS' GATEWAY COMMUNITY CENTER, founded in 1987, is a small nonprofit in the Recreation & Sports sector that reported $492K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $657K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE A NEIGHBORHOOD COMMUNITY CENTER OFFERING LIFE ENRICHING OPPORTUNITIES FOR THOSE WHO LIVE, WORK, PLAY, AND LEARN IN THE NEAR SOUTHEAST ROCKFORD AND ROCK RIVER VALLEY COMMUNITY WITH AN EMPHASIS ON YOUTH.

Program Service Accomplishments

Program 1

Expenses: $620,639 Revenue: $491,840

THE CENTER PROVIDES VARIOUS SOCIAL, RECREATIONAL, AND MENTORING ACTIVITIES TO FAMILIES AND AT-RISK YOUTH IN A LOW INCOME AREA OF ROCKFORD, ILLINOIS. PROGRAMS ARE FUNDED THROUGH GOVERNMENT GRANTS AND...

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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 $282,617

Program Service Revenue $205,966

Investment Income $1,109

Other Revenue $2,148

TOTAL REVENUE $491,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,437

Fundraising Expenses $0

Program Expenses $620,639

Other Expenses $365,209

TOTAL EXPENSES $656,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,840	$551,188	-0.1%
Expenses	$656,646	$624,545	+0.1%
Net Income	$-164,806	$-73,357	+1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY CARLSON	DIRECTOR	0.50	Director	$0	$0	$0
DR MICHAEL THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GANN	TREASURER	1.00	Officer Director	$0	$0	$0
AMANDA KIRCHNER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TEDD SNOWDEN	DIRECTOR	0.50	Director	$0	$0	$0
DERRICKA DAVIS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DENVER BITNER	DIRECTOR	0.50	Director	$0	$0	$0
TOM PALMGREN	DIRECTOR	0.50	Director	$0	$0	$0
SHERRY SILVERBERG	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY SARVER	SECRETARY	1.00	Officer Director	$0	$0	$0

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	$491,840	$656,646	$2,605,195	$-164,806
2023	$551,188	$624,545	$2,765,939	$-73,357
2022	$608,105	$586,077	$2,830,430	$22,028
2021	$2,266,914	$396,616	$2,733,001	$1,870,298
2020	$368,441	$567,626	$2,783,200	$-199,185
2019	$255,880	$346,714	$2,781,487	$-90,834
2018	$147,692	$366,529	$2,825,442	$-218,837