GATEWAY INDUSTRIES OF ELDON INC (EIN 431778989) - 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

1997

Legal Domicile

Principal Officer

MIKE HERBERT

Tax Period

2024-07-01 to 2025-06-30

GATEWAY INDUSTRIES OF ELDON INC, founded in 1997, is a small nonprofit in the Employment sector that reported $608K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

A FACILITY CONDUCTED FOR THE PURPOSE OF CARRYING OUT A PROGRAM OF REHABILITATION FOR INDIVIDUALS WHOSE EARNING CAPACITY IS IMPAIRED BY PHYSICAL OR MENTAL DEFICIENCY AND CANNOT COMPETE IN TRADITIONAL WORK ENVIRONMENTS.

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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 $418,880

Program Service Revenue $158,947

Investment Income $5,353

Other Revenue $24,743

TOTAL REVENUE $607,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $423,249

Fundraising Expenses $0

Program Expenses $591,368

Other Expenses $230,834

TOTAL EXPENSES $654,083

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,923	$554,293	+0.1%
Expenses	$654,083	$562,979	+0.2%
Net Income	$-46,160	$-8,686	+4.3%

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
MIKE HERBERT	PRESIDENT	N/A	Officer Director	$0	$0	$0
CAROL HUTCHERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
KENT HUTCHERSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
LARRY LENHART	TREASURER	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
2025	$607,923	$654,083	$739,541	$-46,160
2024	No data	No data	No data	No data
2023	$504,162	$524,487	$779,022	$-20,325
2022	$515,498	$484,224	$791,379	$31,274
2021	$750,821	$455,247	$775,392	$295,574
2020	$425,263	$457,831	$469,957	$-32,568
2019	$513,768	$465,049	$504,706	$48,719

GATEWAY INDUSTRIES OF ELDON INC