New Gate to Peace Foundation (EIN 550907295) - 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

2006

Legal Domicile

Principal Officer

MARIO DELGADO CASTILLO

Phone

2817596774

Tax Period

2024-01-01 to 2024-12-31

New Gate to Peace Foundation, founded in 2006, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2.1M left a modest 12% surplus.

Mission

THE PROMOTION OF PILGRIMAGES, TOURS AND RETREATS TO THE HOLY LAND.

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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 $1,519,186

Program Service Revenue $864,374

Investment Income $4,720

Other Revenue $0

TOTAL REVENUE $2,388,280

Expense Breakdown

Grants Paid $828,882

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,045,622

Other Expenses $1,283,182

TOTAL EXPENSES $2,112,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,388,280	$7,712,396	-0.7%
Expenses	$2,112,064	$8,686,558	-0.8%
Net Income	$276,216	$-974,162	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GABRIEL SOTRES	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
JOSE GERARDO CARDENAS	SECRETARY/TREASURER	2.0	Officer Director	$0	$0	$0
MICHAEL BRISSON	DIRECTOR	2.0	Director	$0	$0	$0
JUAN MARIA SOLANA	DIRECTOR	2.0	Director	$0	$0	$0
LUIS MANUEL GUTIERREZ	DIRECTOR	2.0	Director	$0	$0	$0
Guillermo Garca	DIRECTOR	2.0	Director	$0	$0	$0
FRANK FORMOLO	PRESIDENT	2.0	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
2024	$2,388,280	$2,112,064	$749,160	$276,216
2023	$7,712,396	$8,686,558	$1,397,785	$-974,162
2022	$4,209,130	$5,164,996	$2,813,618	$-955,866
2021	$3,633,173	$2,059,163	$2,498,459	$1,574,010
2020	$2,086,466	$2,061,471	$903,764	$24,995
2019	$8,042,300	$9,053,122	$1,199,127	$-1,010,822
2018	$9,902,398	$6,236,871	$5,135,864	$3,665,527

New Gate to Peace Foundation