GATEWAY HOMELESS SERVICES INC (EIN 431099929) - 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

1976

Legal Domicile

Principal Officer

KATHY CONNORS

Phone

3142311515

Tax Period

2024-01-01 to 2024-12-31

GATEWAY HOMELESS SERVICES INC, founded in 1976, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.9M left a modest 11% surplus.

Mission

TO EMPOWER ADULTS AND FAMILIES TO BECOME INDEPENDENT AND PERMANENTLY HOUSED.

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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 $2,103,568

Program Service Revenue $0

Investment Income $92,157

Other Revenue $250

TOTAL REVENUE $2,195,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,063,038

Fundraising Expenses $72,957

Program Expenses $1,729,661

Other Expenses $885,495

TOTAL EXPENSES $1,948,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,195,975	$2,575,724	-0.1%
Expenses	$1,948,533	$2,361,167	-0.2%
Net Income	$247,442	$214,557	+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

230

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

$99,091

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE MORGAN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
AMBER SIMPSON	SECRETARY	0.50	Officer Director	$0	$0	$0
ANGELA MORTON CONLEY	VICE CHAIR	0.50	Officer Director	$0	$0	$0
GUS HATTRICH	DIRECTOR	0.25	Director	$0	$0	$0
LAURA LANDMANN	CHAIR	0.50	Director	$0	$0	$0
LASHONNA LONG	DIRECTOR	0.10	Director	$0	$0	$0
SHARON MORGAN	DIRECTOR	1.25	Director	$0	$0	$0
ANDREW STOKES	DIRECTOR	0.25	Director	$0	$0	$0
DEIDRA THOMAS-MURRAY	DIRECTOR	0.25	Director	$0	$0	$0
DR PATRICK WHITE	DIRECTOR	0.10	Director	$0	$0	$0
PRIYAL PATEL	TREASURER	0.50	Director	$0	$0	$0
JACKIE TRUE	DIRECTOR	0.50	Director	$0	$0	$0
KATHY CONNORS	EXECUTIVE DIRECTOR	40.00	Officer	$99,091	$0	$99,091

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	$2,195,975	$1,948,533	$4,461,946	$247,442
2023	$2,575,724	$2,361,167	$4,233,203	$214,557
2022	$3,345,983	$1,845,090	$4,157,389	$1,500,893
2021	$2,520,659	$2,122,738	$2,640,613	$397,921
2020	$2,481,316	$2,004,597	$2,383,724	$476,719
2019	$1,589,038	$1,713,160	$1,775,364	$-124,122
2018	$2,111,598	$1,783,944	$1,934,940	$327,654

GATEWAY HOMELESS SERVICES INC