NEWGATE EDUCATION AND RESEARCH CENTER INC (EIN 411261358) - 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

1975

Legal Domicile

Principal Officer

BLYTHE SEVERSON

Phone

6123780177

Tax Period

2024-07-01 to 2025-06-30

NEWGATE EDUCATION AND RESEARCH CENTER INC, founded in 1975, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.9M left a modest 6% surplus.

Mission

TO ASSIST MINNESOTA CITIZENS IN BECOMING SUCCUSSFULLY EMPLOYED BY PROVIDING EDUCATION, VOCATIONAL TRAINING, EMPLOYMENT PLACEMENT, AND OTHER SUPPORT SERVICES.

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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 $1,311,359

Program Service Revenue $2,461,753

Investment Income $357,444

Other Revenue $0

TOTAL REVENUE $4,130,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,306,807

Fundraising Expenses $219,010

Program Expenses $3,257,250

Other Expenses $2,581,609

TOTAL EXPENSES $3,888,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,130,556	$4,149,496	0.0%
Expenses	$3,888,416	$4,226,189	-0.1%
Net Income	$242,140	$-76,693	-4.2%

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

$174,477

Total Directors

$174,477

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRY L CLARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT ZINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WARREN PETERSON	TREASURER	1.00	Officer Director	$0	$0	$0
BLYTHE SEVERSON	EXECUTIVE DIRECTOR/SECRETARY	40.00	Officer Director	$77,188	$3,602	$80,790
CHRISTINA VANG-DIXON	FORMER EXECUTIVE DIRECTOR	40.00	Officer Director	$92,062	$1,625	$93,687

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	$4,130,556	$3,888,416	$5,690,743	$242,140
2024	$4,149,496	$4,226,189	$5,529,566	$-76,693
2023	$3,555,350	$3,633,250	$5,301,465	$-77,900
2022	$4,084,362	$3,602,026	$5,193,391	$482,336
2021	$3,962,039	$3,141,575	$5,244,729	$820,464
2020	$3,049,243	$3,259,350	$4,305,626	$-210,107
2019	$3,806,014	$3,668,725	$4,334,378	$137,289
2018	$4,145,818	$3,744,749	$4,227,699	$401,069

NEWGATE EDUCATION AND RESEARCH CENTER INC