Gateway Center For The Arts Inc

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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

1998

Legal Domicile

Phone

3866685553

Tax Period

2024-09-01 to 2025-08-31

Gateway Center For The Arts Inc, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $216K in total revenue in fiscal year 2024. Expenses of $208K left a modest 4% surplus.

Mission

Promote art education and instruction in West Volusia County and the surrounding areas through classes, events, exhibits, festivals and other cultural and civic activities.

Program Service Accomplishments

Program 1

Expenses: $106,275 Revenue: $216,048

Provided numerous music and drama programs; provided training and instruction in arts, crafts, and music.

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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 $98,836

Program Service Revenue $116,128

Investment Income $0

Other Revenue $1,084

TOTAL REVENUE $216,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,541

Fundraising Expenses $0

Program Expenses $106,275

Other Expenses $120,420

TOTAL EXPENSES $207,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,048	$200,215	+0.1%
Expenses	$207,961	$195,154	+0.1%
Net Income	$8,087	$5,061	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sid Vihlen Jr	Co Chairman	1.00	Officer Director	$0	$0	$0
Valerie Gaul	Board Member	1.00	Director	$0	$0	$0
Richard Coloni	Co Chairman	5.00	Officer Director	$0	$0	$0
Robert Thies	Vice Chairman	0.00	Officer Director	$0	$0	$0
Arika Richardson	Secretary	0.00	Officer Director	$0	$0	$0
Dennis Woolridge	Board Member	0.00	Director	$0	$0	$0
Kirby Mullins	Board Member	0.00	Director	$0	$0	$0
Annette Mullins	Board Member	0.00	Director	$0	$0	$0
Angie Solvin	Board Member	0.00	Director	$0	$0	$0
Thomas Parsonage	Board Member	0.00	Director	$0	$0	$0
Jan Giroux	Board Member	0.00	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
2025	$216,048	$207,961	$161,335	$8,087
2024	$200,215	$195,154	$153,750	$5,061
2023	$200,602	$201,734	$148,441	$-1,132
2022	$347,813	$329,206	$149,693	$18,607
2021	$174,167	$233,200	$1,908,363	$-59,033
2021	$174,167	$233,200	$1,908,363	$-59,033
2020	$168,907	$235,645	$1,961,481	$-66,738
2020	$168,907	$235,645	$1,961,481	$-66,738
2020	$168,907	$235,645	$1,961,481	$-66,738
2019	$218,642	$276,836	$2,024,404	$-58,194
2018	$204,475	$283,835	$2,082,427	$-79,360