PATRIOTS' GATEWAY COMMUNITY CENTER

EIN: 364048431 501(c)(3) Recreation & Sports

ROCKFORD, IL

Total Revenue
$491,840
Total Expenses
$656,646
Total Assets
$2,605,195
Net Assets
$2,475,304
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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
IL
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 -SEE ATTACHED SCH O - OPPORTUNITIES FOR THOSE WHO LIVE, WORK, PLAY, AND LEARN IN THE NEAR SOUTHEAST ROCKFORD AND ROCK RIVER VALLEY COMMUNITY WITH AN EMPHASIS ON YOUTH.

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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 $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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
32
Volunteers
20

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
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