OPEN GATE LEARNING FOUNDATION

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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

2012

Legal Domicile

Principal Officer

MICHAEL LEE

Phone

5592257737

Tax Period

2023-07-01 to 2024-06-30

OPEN GATE LEARNING FOUNDATION, founded in 2012, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

TO ACQUIRE REAL PROPERTY, TO DEVELOP, CONSTRUCT, AND/OR RENOVATE SCHOOL FACILITIES ON THE PROPERTY AND TO LEASE THE PROPERTY TO ASPEN PUBLIC SCHOOLS INC. AND IF NEEDED, AQUIRE NEW SCHOOL FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $458,945 Revenue: $1,142,263

PROVIDED CHARTER SCHOOL FACILITIES FOR ITS RELATED ORGANIZATION, ASPEN PUBLIC SCHOOLS INC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,142,263

Investment Income $195,181

Other Revenue $0

TOTAL REVENUE $1,337,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $458,945

Other Expenses $1,360,531

TOTAL EXPENSES $1,360,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,337,444	$925,580	+0.4%
Expenses	$1,360,531	$1,042,269	+0.3%
Net Income	$-23,087	$-116,689	-0.8%

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

N/A

Employees

N/A

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

$222,952

Total Directors

$251,218

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI MARTIN	CFO	1.00	Officer Director	$0	$14,544	$105,407
MICHAEL LEE	CEO	1.00	Officer Director	$0	$10,000	$117,545
JANICE WALSTROM	DIRECTOR	1.00	Director	$0	$0	$28,266

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
2024	$1,337,444	$1,360,531	$14,788,236	$-23,087
2023	$925,580	$1,042,269	$14,947,473	$-116,689
2021	No data	$6,065	$204,652	No data
2020	$-442,429	$57,920	$210,717	$-500,349
2019	$166,200	$112,658	$1,687,145	$53,542
2018	$189,000	$106,511	$1,736,382	$82,489