UNIVERSITY GATEWAY CORPORATION

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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

1997

Legal Domicile

Principal Officer

CHRISTINE SEARSON

Phone

6126247583

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY GATEWAY CORPORATION, founded in 1997, is a community nonprofit in the Education sector that reported $8.0M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $10.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

UNIVERSITY GATEWAY CORPORATION OWNS AND OPERATES A FACILITY WHICH IS USED TO SUPPORT ITS BENEFICIARY ORGANIZATIONS AND THE UNIVERSITY OF MINNESOTA IN STUDENT RECRUITING, ALUMNI RELATIONS, FUNDRAISING AND THE GENERAL OPERATION OF THE BENEFICIARY ORGANIZATIONS AND THE UNIVERSITY OF MINNESOTA. THE BENEFICIARY ORGANIZATIONS INCLUDE THE UNIVERSITY OF MINNESOTA FOUNDATION AND THE UNIVERSITY OF MINNESOTA ALUMNI ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $9,110,732 Revenue: $6,740,523

THE PROGRAM SERVICES OF THE UNIVERSITY GATEWAY CORPORATION ARE DEDICATED TO PROVIDING SUPPORT FOR ITS BENEFICIARY ORGANIZATIONS LISTED ON SCHEDULE A, PART IV AND THE UNIVERSITY OF MINNESOTA...

THE PROGRAM SERVICES OF THE UNIVERSITY GATEWAY CORPORATION ARE DEDICATED TO PROVIDING SUPPORT FOR ITS BENEFICIARY ORGANIZATIONS LISTED ON SCHEDULE A, PART IV AND THE UNIVERSITY OF MINNESOTA. UNIVERSITY GATEWAY CORPORATION PROVIDES SUPPORT TO THESE ORGANIZATIONS BY PROVIDING AFFORDABLE LEASE RATES AND PREFERENTIAL USE OF EVENT FACILITIES.

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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 $7,521,422

Investment Income $6,689

Other Revenue $491,001

TOTAL REVENUE $8,019,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,795,867

Fundraising Expenses $0

Program Expenses $9,110,732

Other Expenses $8,379,831

TOTAL EXPENSES $10,175,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,019,112	$4,964,870	+0.6%
Expenses	$10,175,698	$7,623,724	+0.3%
Net Income	$-2,156,586	$-2,658,854	-0.2%

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

$1,544,317

Total Directors

$1,021,126

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MASCIA	CHAIR	1.00	Officer Director	$0	$12,910	$555,760
BETH TOSO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE SEARSON	DIRECTOR/TREASURER/CFO	1.00	Officer Director	$0	$58,972	$465,366
WALT LING	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DWYER	COO	40.00	Officer	$313,713	$44,719	$358,432
MARY PIETRZAK	CONTROLLER	16.00	Officer	$0	$8,631	$164,759
AMY LEYDEN	DIR. OF MARKETING	40.00	Highest	$108,938	$5,447	$114,385
JON MCCOMBS	OPERATIONS MANAGER	40.00	Highest	$129,636	$33,636	$163,272
SARI BROUWER	DIR. OF SALES AND EVENTS	40.00	Highest	$108,759	$6,403	$115,162

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	$8,019,112	$10,175,698	$94,391,842	$-2,156,586
2024	$4,964,870	$7,623,724	$91,788,662	$-2,658,854
2023	$6,386,315	$7,286,990	$87,828,377	$-900,675
2022	$5,519,180	$6,431,350	$86,886,173	$-912,170
2021	$4,330,129	$5,782,226	$91,090,719	$-1,452,097
2020	$6,023,242	$7,166,366	$78,655,248	$-1,143,124
2019	$6,703,498	$7,616,694	$79,882,999	$-913,196
2018	$6,775,434	$6,734,456	$79,506,445	$40,978