GATEWAY INDUSTRIES INC (EIN 550590745) - 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

1979

Legal Domicile

Principal Officer

PHYLLIS CANTRELL MASSIE

Phone

3046453165

Tax Period

2024-07-01 to 2025-06-30

GATEWAY INDUSTRIES INC, founded in 1979, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.0M left a modest 10% surplus.

Mission

Work Skills Training and employment opportunities for the disabled "Helping People Help Themselves"

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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 $363,622

Program Service Revenue $576,861

Investment Income $8,595

Other Revenue $206,475

TOTAL REVENUE $1,155,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $739,750

Fundraising Expenses $0

Program Expenses $869,967

Other Expenses $302,666

TOTAL EXPENSES $1,042,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,155,553	$1,235,379	-0.1%
Expenses	$1,042,416	$1,004,435	+0.0%
Net Income	$113,137	$230,944	-0.5%

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

Total Directors

Key Employees

$73,710

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phyllis Cantrell-Massie	Executive Director	45	Key Emp	$73,710	$0	$73,710
Aaron Ambler	Director	5	Director	$0	$0	$0
Chris Glover	Director	5	Director	$0	$0	$0
Cathy Sampson	Director	5	Director	$0	$0	$0
Steven Hasheider	Director	5	Director	$0	$0	$0
Taylor Runquist	Director	5	Director	$0	$0	$0
Betty Carola	Director	5	Director	$0	$0	$0
Martha Fleshman	Secretary/Treasurer	5	Officer	$0	$0	$0
James Montgomery	Vice-president	5	Officer	$0	$0	$0
Steve Clendenen	President	5	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	$1,155,553	$1,042,416	$1,667,358	$113,137
2024	No data	No data	No data	No data
2023	$836,354	$971,897	$1,306,798	$-135,543
2022	$976,726	$1,037,711	$1,379,485	$-60,985
2021	$1,187,720	$1,047,365	$1,438,654	$140,355

GATEWAY INDUSTRIES INC