GATEWAY TECHNICAL COLLEGE FOUNDATION INC (EIN 391290708) - 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

1977

Legal Domicile

Phone

2625642866

Tax Period

2022-07-01 to 2023-06-30

GATEWAY TECHNICAL COLLEGE FOUNDATION INC, founded in 1977, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $547K, a strong 34% operating margin.

Mission

THE GATEWAY TECHNICAL COLLEGE FOUNDATION SUPPORTS THE MISSION OF THE COLLEGE BY RAISING COMMUNITY AWARENESS AND FINANCIAL RESOURCES, BROADENING ITS BASE OF SUPPORT AND PROVIDING PROGRAMS SUCH AS SCHOLARSHIPS, GRANTS AND FUNDS FOR EDUCATIONAL GROWTH. THE FOUNDATION WILL ENHANCE THE COLLEGE'S TRADITION OF EXCELLENCE BY BEING RESPONSIVE TO ITS NEEDS AND STRENGTHENING THE VITALITY AND WELL-BEING OF THE DIVERSE COMMUNITIES IT SERVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $663,661

Program Service Revenue $0

Investment Income $735,981

Other Revenue $204,090

TOTAL REVENUE $1,603,732

Expense Breakdown

Grants Paid $802,937

Salaries & Benefits $36,320

Fundraising Expenses $38,442

Program Expenses $893,561

Other Expenses $217,567

TOTAL EXPENSES $1,056,824

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,603,732	$2,075,357	-0.2%
Expenses	$1,056,824	$1,092,543	0.0%
Net Income	$546,908	$982,814	-0.4%

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

Total Directors

$122,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER CHARPENTIER	Executive Dir.	40.00	Director	$0	$28,022	$122,946
AMANDA FALVEY	Director	1.00	Director	$0	$0	$0
JANE KURYLO	Director	1.00	Director	$0	$0	$0
JOHN D ANDREOLI	Treasurer	1.00	Officer Director	$0	$0	$0
THOMAS P MAHONEY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE BATTERSBY	Director	1.00	Director	$0	$0	$0
ANITA R CRUISE	Director	1.00	Director	$0	$0	$0
JODY HART	Director	1.00	Director	$0	$0	$0
RITU RAJU	EX-OFFICIO	1.00	Director	$0	$0	$0
MATT KIRCHNER	Director	1.00	Director	$0	$0	$0
BRYAN ALBRECHT	EX-OFFICIO DIR	0.00	Director	$0	$0	$0
MARK MOLINARO JR	Chairman	1.00	Officer Director	$0	$0	$0
JOHN KIVLIN	Director	1.00	Director	$0	$0	$0
MARK NAIDICZ	Director	1.00	Director	$0	$0	$0
FREDERICK GANAWAY	Director	1.00	Director	$0	$0	$0
GEORGANN S STINSON	Secretary	1.00	Officer Director	$0	$0	$0
STEPHANIE SKLBA	EX-OFFICIO DIR	1.00	Director	$0	$0	$0
SHARON JOHNSON	EX-OFFICIO	1.00	Director	$0	$0	$0
SARAH STEHLY	Director	1.00	Director	$0	$0	$0
MICHELE RANDALL	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ZAIDA HERNANDEZ	EX OFFICIO	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,603,732	$1,056,824	$20,044,353	$546,908
2022	$2,075,357	$1,092,543	$18,663,650	$982,814
2021	$8,732,161	$1,993,449	$21,229,401	$6,738,712
2020	$2,544,552	$1,029,696	$12,633,910	$1,514,856
2019	$4,342,433	$976,212	$11,093,047	$3,366,221

GATEWAY TECHNICAL COLLEGE FOUNDATION INC