URBAN GATEWAYS

EIN: 366083080 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$1,493,748
Total Expenses
$2,551,834
Total Assets
$1,037,459
Net Assets
$744,065
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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
1963
Legal Domicile
IL
Principal Officer
LESLE HONORE
Phone
3129220440
Tax Period
2023-09-01 to 2024-08-31

URBAN GATEWAYS, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 71% operating deficit.

Mission

URBAN GATEWAYS ENGAGES YOUNG PEOPLE IN ARTS TO INSPIRE CREATIVITY AND IMPACT SOCIAL CHANGE

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,137,056
Program Service Revenue $368,276
Investment Income $0
Other Revenue $-11,584
TOTAL REVENUE $1,493,748

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,041,191
Fundraising Expenses $389,691
Program Expenses $1,642,894
Other Expenses $1,510,643
TOTAL EXPENSES $2,551,834

Year-over-Year Comparison

2023 2022 Change
Revenue $1,493,748 $1,691,234 -0.1%
Expenses $2,551,834 $2,086,452 +0.2%
Net Income $-1,058,086 $-395,218 +1.7%
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

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Governance

Voting Members
21
Independent Members
21
Employees
20
Volunteers
40

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
6
$387,037
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH KYE PAST CHAIR 0.30
Officer Director
$0 $0 $0
ROBERT MCNAMARA TREASURER 0.30
Officer Director
$0 $0 $0
MICK THOMPSON DIRECTOR 0.30
Director
$0 $0 $0
JANE BILGER DIRECTOR 0.30
Director
$0 $0 $0
PATRICK CONDON DIRECTOR 0.30
Director
$0 $0 $0
KELLY COOMER DIRECTOR 0.30
Director
$0 $0 $0
KENDRICK COX DIRECTOR 0.30
Director
$0 $0 $0
TRASHA EMBRY DIRECTOR 0.30
Director
$0 $0 $0
EILEEN HOLZHAUER DIRECTOR 0.30
Director
$0 $0 $0
YVETTE LOIZON DIRECTOR-THRU 1/23/24 0.30
Director
$0 $0 $0
NICHOLE PANJE DIRECTOR 0.30
Director
$0 $0 $0
SHARI RUNNER DIRECTOR 0.30
Director
$0 $0 $0
ANGELA SHEEHAN DIRECTOR-THRU 9/28/23 0.30
Director
$0 $0 $0
AMY VAN GELDER SECRETARY 0.30
Officer Director
$0 $0 $0
JUDITH VENTURINO DIRECTOR-THRU 8/31/24 0.30
Director
$0 $0 $0
CHRIS WEIRATH DIRECTOR 0.30
Director
$0 $0 $0
STACEY ALSTON DIRECTOR 0.30
Director
$0 $0 $0
IONA CALHOUN-BATTISTE DIRECTOR 0.30
Director
$0 $0 $0
OJI EGGLESTON DIRECTOR 0.30
Director
$0 $0 $0
RHONDA HAWKINS-LYKE DIRECTOR 0.30
Director
$0 $0 $0
CATE HILL DIRECTOR 0.30
Director
$0 $0 $0
JOSHUA MEDINA DIRECTOR 0.30
Director
$0 $0 $0
ANGELA STEWART DIRECTOR 0.30
Director
$0 $0 $0
SHERRE JENNINGS CULLEN CHIEF DEVELOPMENT OFFICER 40.00
Officer
$99,089 $14,992 $114,081
JOHN W ADAMS CHIEF FINANCIAL OFFICER 40.00
Officer
$96,590 $8,465 $105,055
LESLE HONORE CHIEF EXECUTIVE OFFICER 40.00
Officer
$156,262 $11,639 $167,901
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 $1,493,748 $2,551,834 $1,037,459 $-1,058,086
2023 $1,691,234 $2,086,452 $2,036,708 $-395,218
2022 $2,800,618 $2,129,570 $2,304,003 $671,048
2021 $2,567,092 $2,287,662 $1,900,361 $279,430
2020 $2,260,884 $2,398,356 $1,680,411 $-137,472
2019 $3,249,499 $2,675,973 $1,467,129 $573,526
2018 $2,471,477 $2,672,389 $901,856 $-200,912
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