NARROW GATE FOUNDATION (EIN 371496649) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

KEVIN MALONE

Phone

8182408322

Tax Period

2023-01-01 to 2023-12-31

NARROW GATE FOUNDATION, founded in 2004, is a small nonprofit in the Religion sector that reported $756K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $658K left a modest 13% surplus.

Mission

THE NARROW GATE FOUNDATION/PROTECT THE PATH MINISTRY HAS ESTABLISHED ITSELF AS AN INFLUENTIAL LEADER IN THE FIGHT AGAINST HUMAN TRAFFICKING. PTP PROVIDES COLLABORATIVE LEADERSHIP AND SUPPORT TO NUMBEROUS NON-PROFITS, NGO'S, AND MINISTRIES WORKING TO END THE SEX SLAVERY OF CHILDREN IN AMERICA. PTP PLAYED A MAJOR ROLE IN CO-FOUNDING THE UNITED STATES INSITUTE AGAINST HUMAN TRAFFICKING.

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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 $750,000

Program Service Revenue $5,584

Investment Income $0

Other Revenue $0

TOTAL REVENUE $755,584

Expense Breakdown

Grants Paid $356,500

Salaries & Benefits $260,212

Fundraising Expenses $30,123

Program Expenses $597,497

Other Expenses $41,033

TOTAL EXPENSES $657,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,584	$605,746	+0.2%
Expenses	$657,745	$957,096	-0.3%
Net Income	$97,839	$-351,350	-1.3%

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

N/A

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

$187,000

Total Directors

$187,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN MALONE	Secretary/Treas	60.00	Officer Director	$99,000	$0	$99,000
KEVIN MALONE	President	40.00	Officer Director	$88,000	$0	$88,000
GEOFF ROGERS	BOARD MEMBER	0.00	Director	$0	$0	$0
JERRY HEUER	BOARD MEMBER	0.00	Director	$0	$0	$0
TRACY WILLIAMS	BOARD MEMBER	0.00	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	No data	No data	No data	No data
2023	$755,584	$657,745	$1,448,486	$97,839
2022	$605,746	$957,096	$1,231,650	$-351,350
2021	$407,927	$1,216,290	$1,599,166	$-808,363
2020	$1,022,491	$1,222,047	$2,476,052	$-199,556

NARROW GATE FOUNDATION