GATEWAY COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC (EIN 611239550) - 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

2003

Legal Domicile

Principal Officer

BETH VICE-CROSS

Phone

8594421177

Tax Period

2023-07-01 to 2024-06-30

GATEWAY COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC, founded in 2003, is a small nonprofit in the Education sector that reported $560K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 185% operating deficit.

Mission

THE FOUNDATION WAS FORMED TO STIMULATE VOLUNTARY FINANCIAL SUPPORT FOR GATEWAY COMMUNITY AND TECHNICAL COLLEGE.

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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 $434,629

Program Service Revenue $0

Investment Income $94,505

Other Revenue $30,836

TOTAL REVENUE $559,970

Expense Breakdown

Grants Paid $1,364,366

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,577,271

Other Expenses $231,510

TOTAL EXPENSES $1,595,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$559,970	$416,951	+0.3%
Expenses	$1,595,876	$1,561,914	+0.0%
Net Income	$-1,035,906	$-1,144,963	-0.1%

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
JORDAN HUIZENGA	CHAIRMAN	4.00	Officer Director	$0	$0	$0
SHARMILI REDDY	VICE CHAIR	4.00	Officer Director	$0	$0	$0
NATALYA OLIVIA	TREASURER	4.00	Officer Director	$0	$0	$0
DAN KRUSE	SECRETARY	4.00	Officer Director	$0	$0	$0
JOHN BAINES	DIRECTOR	1.00	Director	$0	$0	$0
BRENT DEGENHARDT	DIRECTOR	1.00	Director	$0	$0	$0
LISA DESMARAIS	DIRECTOR	1.00	Director	$0	$0	$0
GINA DOUTHAT	DIRECTOR	1.00	Director	$0	$0	$0
JAY FOSSETT	DIRECTOR	1.00	Director	$0	$0	$0
PHILIPPE GARNIER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN GENTIL	DIRECTOR	1.00	Director	$0	$0	$0
DR EDDIE HOWARD JR	DIRECTOR	1.00	Director	$0	$0	$0
TRENT LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MCGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
RUTH MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NIENABER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE REID	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ROMES	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON SCHUMACHER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN VANDERGLAS	DIRECTOR	1.00	Director	$0	$0	$0
RON WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WEBB	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WITTENAUER	DIRECTOR	1.00	Director	$0	$0	$0
DR FERNANDO FIGUEROA	PRESIDENT	1.00	Director	$0	$0	$0
TESS BURNS	EXECUTIVE DIRECTOR	10.00	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	No data	No data	No data	No data
2024	$559,970	$1,595,876	$1,653,654	$-1,035,906
2023	$416,951	$1,561,914	$2,642,526	$-1,144,963
2022	$3,998,381	$1,100,219	$3,740,118	$2,898,162
2021	$548,941	$639,271	$1,627,705	$-90,330
2020	$408,644	$383,317	$1,581,327	$25,327
2019	$126,377	$294,319	$1,650,907	$-167,942
2018	$269,545	$304,935	$1,796,642	$-35,390

GATEWAY COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC