OPEN GATE INC (EIN 473055057) - 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

2014

Legal Domicile

Principal Officer

MILDRED MCKINNEY

Phone

5102921181

Tax Period

2022-01-01 to 2022-12-31

OPEN GATE INC, founded in 2014, is a micro nonprofit in the Education sector that reported $66K in total revenue in fiscal year 2022. Expenses of $63K left a modest 4% surplus.

Mission

A PROGRAM TO HELP LOW-RISK INMATES AND PAROLEES TO SUCCESSFULLY TRANSITION TO VOCATIONAL OR HIGHER EDUCATION OPPORTUNITIES UPON/OR AFTER RELEASE.

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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 $66,080

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $66,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,335

Fundraising Expenses $0

Program Expenses $63,108

Other Expenses $11,773

TOTAL EXPENSES $63,108

Year-over-Year Comparison

	2022	2021	Change
Revenue	$66,080	N/A	N/A
Expenses	$63,108	N/A	N/A
Net Income	$2,972	$0	N/A

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

N/A

Independent Members

N/A

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

$42,800

Total Directors

$7,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA TAYLOR	President	0.00	Director	$0	$0	$0
DEBBIE GREEN	Director	0.00	Director	$0	$0	$0
MADY WILLIE	Director	0.00	Director	$0	$0	$0
RAQUEL NADAL	Director	0.00	Director	$0	$0	$0
RODNEY SCOTT	Director	1.00	Director	$2,600	$0	$2,600
STEPHANIE ZAPPA	Director	0.00	Director	$0	$0	$0
KENDRIA LONG	Director	0.00	Director	$0	$0	$0
WILLIAM SATTERFIELD	Director	1.00	Director	$4,500	$0	$4,500
MILDRED MCKINNEY	Executive Dir.	40.00	Officer	$31,800	$0	$31,800
DENISE RICHARDSON	President	40.00	Officer	$11,000	$0	$11,000

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
2022	$66,080	$63,108	$3,625	$2,972

OPEN GATE INC