GATEWAY WELLNESS FOUNDATION (EIN 463395393) - 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

2013

Legal Domicile

Principal Officer

NORMAN GUTHRIE

Phone

8285599270

Tax Period

2024-01-01 to 2024-12-31

GATEWAY WELLNESS FOUNDATION, founded in 2013, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 8% surplus.

Mission

OUR MISSION IS CENTERED IN THE HEALTH AND WELLBEING OF OUR WESTERN NORTH CAROLINA COMMUNITY. THROUGH INTENTIONAL PARTNERSHIPS AND COLLABORATIONS, GATEWAY WELLNESS IMPROVES AND SUPPORTS QUALITY OF LIFE IN WNC BY PROMOTING WELLNESS OPPORTUNITIES AMONG ORGANIZATIONS FOR PEOPLE WE SERVE REGIONALLY.

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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 $1,604,900

Program Service Revenue $0

Investment Income $1,128,993

Other Revenue $0

TOTAL REVENUE $2,733,893

Expense Breakdown

Grants Paid $1,421,729

Salaries & Benefits $522,784

Fundraising Expenses $188,708

Program Expenses $2,140,343

Other Expenses $557,400

TOTAL EXPENSES $2,501,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,733,893	$1,792,210	+0.5%
Expenses	$2,501,913	$2,259,720	+0.1%
Net Income	$231,980	$-467,510	-1.5%

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

$192,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY DAVIS	MEMBER	1.00	Director	$0	$0	$0
KATRINA BLUMETTI	MEMBER	1.00	Director	$0	$0	$0
LEON GODLOCK	MEMBER	1.00	Director	$0	$0	$0
NORMAN GUTHRIE	CHAIRMAN	2.00	Officer	$0	$0	$0
REBECCA CROSS	VICE CHAIR	1.00	Officer	$0	$0	$0
NEIL GURNEY	PRESIDENT	40.00	Officer	$182,721	$10,070	$192,791
JOSHUA KENNEDY	TREASURER	1.00	Officer	$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
2024	$2,733,893	$2,501,913	$19,144,944	$231,980
2023	$1,792,210	$2,259,720	$17,260,932	$-467,510
2022	$1,412,046	$1,328,188	$16,638,622	$83,858
2021	$6,910,943	$962,408	$18,204,515	$5,948,535
2020	$5,898,104	$905,344	$11,336,683	$4,992,760
2019	$5,092,117	$128,353	$5,112,373	$4,963,764
2018	$226,688	$450,186	$167,651	$-223,498

GATEWAY WELLNESS FOUNDATION