URBAN GATEWAYS

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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

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 EXPERIENCES TO INSPIRE CREATIVITY AND IMPACT SOCIAL CHANGE.

Program Service Accomplishments

Program 1

Expenses: $1,138,902 Revenue: $197,950

URBAN GATEWAYS PROVIDES RESIDENCIES, STUDENT APPRENTICE PROGRAMS AND ARTISTS FELLOWSHIPS WHICH INCLUDE COMMUNITY SERVICE. PROGRAMS ARE DELIVERED ON-SITE AS WELL AS OFF-SITE TO OVER 50 SCHOOLS AND...

URBAN GATEWAYS PROVIDES RESIDENCIES, STUDENT APPRENTICE PROGRAMS AND ARTISTS FELLOWSHIPS WHICH INCLUDE COMMUNITY SERVICE. PROGRAMS ARE DELIVERED ON-SITE AS WELL AS OFF-SITE TO OVER 50 SCHOOLS AND COMMUNITY LOCATIONS THROUGHOUT CHICAGO.

Program 2

Expenses: $433,825 Revenue: $43,375

SCHOOL ASSEMBLY PROGRAMS, IMMERSION WORKSHOPS AND STUDENT MATINEES ARE BROUGHT TO OVER 200 SCHOOLS THROUGHOUT CHICAGO AND ITS SUBURBS.

Program 3

Expenses: $70,167

URBAN GATEWAYS PROVIDES OUT-OF-SCHOOL HOURS PROGRAMS ON-SITE IN CENTRALLY LOCATED SCHOOLS FOR CHICAGO'S MOST UNDERSERVED COMMUNITIES.

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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 $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

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

$387,037

Total Directors

Key Employees

Highest Compensated

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