GATEWAY INDUSTRIAL PARK CORPORATION (EIN 391514176) - 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

1984

Legal Domicile

Principal Officer

KARL HOESLY

Phone

7158343411

Tax Period

2024-01-01 to 2024-12-31

GATEWAY INDUSTRIAL PARK CORPORATION, founded in 1984, is a small nonprofit that reported $363K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $444K exceeded revenue, resulting in a 22% operating deficit.

Mission

ACQUIRE, OWN, AND DEVELOP INDUSTRIAL AND COMMERCIAL PROPERTY, TO SELL OR LEASE INDUSTRIAL AND COMMERCIAL PROPERTY, AND TO PROMOTE SAID PROPERTY FOR THE PURPOSE OF ENCOURAGING COMMERCIAL AND INDUSTRIAL DEVELOPMENT AND THE CREATION OF JOB OPPORTUNITIES IN AND AROUND EAU CLAIRE, WISCONSIN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $317,336

Investment Income $38,255

Other Revenue $7,500

TOTAL REVENUE $363,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $443,846

TOTAL EXPENSES $443,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$363,091	$541,171	-0.3%
Expenses	$443,846	$392,549	+0.1%
Net Income	$-80,755	$148,622	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL HOESLY	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE SOLBERG	VICE PRESIDENT/ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
BEN TRACHSEL	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	$363,091	$443,846	$8,724,355	$-80,755
2023	$541,171	$392,549	$8,927,408	$148,622
2022	$443,235	$392,219	$8,376,671	$51,016
2021	$1,756,983	$557,407	$8,337,665	$1,199,576
2020	$333,002	$410,733	$7,320,865	$-77,731
2019	$403,051	$436,213	$7,555,227	$-33,162
2018	$635,049	$483,157	$7,728,308	$151,892

GATEWAY INDUSTRIAL PARK CORPORATION