NEW GATE SCHOOL INC (EIN 650358841) - 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

1984

Legal Domicile

Principal Officer

TIMOTHY SELDIN

Tax Period

2023-07-01 to 2024-06-30

NEW GATE SCHOOL INC, founded in 1984, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Expenses of $3.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO EDUCATE CHILDREN THROUGH THE MONTESSORI METHOD OF INSTRUCTION.

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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 $69,284

Program Service Revenue $2,746,987

Investment Income $6,000

Other Revenue $213,644

TOTAL REVENUE $3,035,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,946,641

Fundraising Expenses $59,068

Program Expenses $2,629,146

Other Expenses $1,401,891

TOTAL EXPENSES $3,348,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,035,915	$2,974,973	+0.0%
Expenses	$3,348,532	$2,952,567	+0.1%
Net Income	$-312,617	$22,406	-15.0%

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
KATHERINE BRAVO	TRUSTEE	N/A	Director	$0	$0	$0
ANDREW CUTLER	TRUSTEE	N/A	Director	$0	$0	$0
JOYCE ST GIERMAINE	TRUSTEE	N/A	Director	$0	$0	$0
ROBIN HOWE	TRUSTEE	N/A	Director	$0	$0	$0
LORNA MCGRATH	CHAIR	N/A	Officer Director	$0	$0	$0
TIMOTHY SELDIN	PRESIDENT	N/A	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
2025	No data	No data	No data	No data
2024	$3,035,915	$3,348,532	$772,367	$-312,617
2023	$2,974,973	$2,952,567	$966,260	$22,406
2022	$3,148,518	$2,881,866	$1,333,544	$266,652
2021	$2,482,416	$2,239,146	$872,850	$243,270
2020	$2,102,061	$2,166,812	$874,419	$-64,751
2019	$2,297,180	$2,336,150	$682,212	$-38,970
2019	$2,297,180	$2,336,150	$682,212	$-38,970

NEW GATE SCHOOL INC