OPEN GATE MINISTRIES INC (EIN 510154279) - 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

1975

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

OPEN GATE MINISTRIES INC, founded in 1975, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 7% surplus.

Mission

Open Gates Ministries serves homeless families by ministering to the physical, social, and spiritual needs of the homeless and hungry, according to the life and teachings of Jesus Christ, through shelter, sustenance, and companionship.

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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 $1,498,081

Program Service Revenue $0

Investment Income $3,144

Other Revenue $-33,551

TOTAL REVENUE $1,467,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $357,053

Fundraising Expenses $20,191

Program Expenses $1,205,633

Other Expenses $1,008,157

TOTAL EXPENSES $1,365,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,467,674	$1,234,123	+0.2%
Expenses	$1,365,210	$1,314,218	+0.0%
Net Income	$102,464	$-80,095	-2.3%

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

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

$66,560

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cheryl Jackson	Executive Director	40.00	Key Emp	$66,560	$0	$66,560
Karraine Richardson	Board Member	3.00	Director	$0	$0	$0
Corey Davis	Board Member	3.00	Director	$0	$0	$0
Kevin Polk	Board Member	3.00	Director	$0	$0	$0
Rodney Stephens	Board Member	3.00	Director	$0	$0	$0
Buffy Ruiz	Board Member	3.00	Director	$0	$0	$0
Cathleen Lawler	Board Member	3.00	Director	$0	$0	$0
Roger Neufeld	Board Member	6.00	Director	$0	$0	$0
Diane Domingo	Board Member	3.00	Director	$0	$0	$0
Andrew Vega	Board Member	6.00	Director	$0	$0	$0
Fabiola Wallace	Board Member	6.00	Director	$0	$0	$0
Jay Hambleton	Board Member	6.00	Director	$0	$0	$0
Mark Wallace	Vice President	6.00	Officer Director	$0	$0	$0
Carolyn Neufeld	Secretary	7.50	Officer Director	$0	$0	$0
Mark Isaac	President	7.50	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
2024	$1,467,674	$1,365,210	$428,550	$102,464
2023	$1,234,123	$1,314,218	$316,948	$-80,095
2022	$1,066,604	$1,017,045	$401,097	$49,559
2021	$997,629	$917,198	$343,246	$80,431
2020	$995,387	$984,775	$328,930	$10,612

OPEN GATE MINISTRIES INC