THE GATHERING PLACE INC (EIN 392018493) - 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

1996

Legal Domicile

Principal Officer

KITTY BARRY

Phone

9204309187

Tax Period

2024-01-01 to 2024-12-31

THE GATHERING PLACE INC, founded in 1996, is a small nonprofit in the Mental Health sector that reported $153K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $183K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION IS A RECOVERY CENTER FOR ADULTS WITH MENTAL ILLNESS AND CO-OCCURING DISORDERS. CLIENTS CAN COME TO SOCIALIZE WITH THEIR PEERS, SHARE LIFE EXPERIENCES, AND WORK ON FURTHERING THEIR RECOVERY. CERTIFIED PEER SPECIALISTS OFFER ASSISTANCE TO CLIENT IN ONE-ON-ONE AND IN GROUP SESSIONS.

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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 $152,879

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $152,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,547

Fundraising Expenses $7,751

Program Expenses $132,075

Other Expenses $75,607

TOTAL EXPENSES $183,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,879	$129,233	+0.2%
Expenses	$183,154	$162,959	+0.1%
Net Income	$-30,275	$-33,726	-0.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KITTY BARRY	PRESIDENT	N/A	Officer Director	$0	$0	$0
GREG PEKARSKE-SIERS	SECRETARY	N/A	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	$152,879	$183,154	$693,774	$-30,275
2023	$129,233	$162,957	$624,077	$-33,724
2022	$149,183	$145,666	$606,210	$3,517
2021	$101,032	$142,809	$663,169	$-41,777
2020	$143,904	$136,021	$703,749	$7,883
2019	$148,346	$101,247	$695,441	$47,099

THE GATHERING PLACE INC