GATEWAY AREA FOUNDATION (EIN 421270203) - 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

2002

Principal Officer

ANDREW SOKOLOVICH

Phone

5632425702

Tax Period

2022-06-01 to 2023-05-31

GATEWAY AREA FOUNDATION, founded in 2002, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $57K in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $576K represent 120 months of operating reserves.

Mission

TO PROMOTE ECONOMIC EDUCATION AND COMMUNITY DEVELOPMENT

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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 $1,000

Program Service Revenue $56,394

Investment Income $0

Other Revenue $0

TOTAL REVENUE $57,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $60,139

Other Expenses $60,139

TOTAL EXPENSES $60,139

Year-over-Year Comparison

	2022	2021	Change
Revenue	$57,394	$82,575	-0.3%
Expenses	$60,139	$83,079	-0.3%
Net Income	$-2,745	$-504	+4.4%

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

N/A

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
JEFF ATKINSON	CHAIR	N/A	Officer Director	$0	$0	$0
EDDIE DUNHAM	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA EVERSMEYER	TREASURER	N/A	Officer Director	$0	$0	$0
DANIEL HOUSENGA	DIRECTOR	N/A	Director	$0	$0	$0
KAREN ROWELL	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW SOKOLOVICH	SECRETARY	N/A	Director	$0	$0	$0
LORI SUSIE	DIRECTOR	N/A	Director	$0	$0	$0
ROD TOKHEIM	DIRECTOR	N/A	Director	$0	$0	$0
BRIGHAM TUBBS	DIRECTOR	N/A	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
2023	$57,394	$60,139	$585,565	$-2,745
2022	$82,575	$83,079	$587,490	$-504
2021	$83,688	$71,763	$627,814	$11,925
2020	$59,807	$62,188	$631,727	$-2,381
2019	$77,877	$68,081	$647,133	$9,796
2018	$162,697	$135,747	$651,544	$26,950

GATEWAY AREA FOUNDATION