Marin School for Gifted Education dba GATE Academy (EIN 680445837) - 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

1999

Legal Domicile

Principal Officer

Nichole Bond

Phone

4154914700

Tax Period

2023-09-01 to 2024-08-31

Marin School for Gifted Education dba GATE Academy, founded in 1999, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 8% surplus.

Mission

To furnish an academically rigorous, internationally based, year-round day school for K-8 age students.

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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 $94,078

Program Service Revenue $1,452,244

Investment Income $92,925

Other Revenue $435

TOTAL REVENUE $1,639,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $977,757

Fundraising Expenses $362

Program Expenses $1,140,979

Other Expenses $534,134

TOTAL EXPENSES $1,511,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,639,682	$1,452,794	+0.1%
Expenses	$1,511,891	$1,358,875	+0.1%
Net Income	$127,791	$93,919	+0.4%

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

$255,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nichole Bond	President	40.00	Officer	$122,279	$5,542	$127,821
Sara Dawson COO	Treasurer	40.00	Officer	$121,134	$6,666	$127,800
Victoria Talkington	Chairman	11.00	Officer Director	$0	$0	$0
Steven Nielsen Vice	Chairman	1.00	Officer Director	$0	$0	$0
Xander Barber	Director	1.00	Director	$0	$0	$0
Binita Bhattarcharjee	Director	1.00	Director	$0	$0	$0
Douglas Wick	Secretary	1.00	Officer Director	$0	$0	$0
Dante Quilici	Director	1.00	Director	$0	$0	$0
Jill Figg	Director	1.00	Director	$0	$0	$0
Michael Rape	Director	1.00	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
2024	$1,639,682	$1,511,891	$3,670,362	$127,791
2023	$1,452,794	$1,358,875	$3,473,458	$93,919
2022	$1,484,178	$1,304,439	$2,618,922	$179,739
2021	$1,484,419	$1,439,052	$2,456,496	$45,367
2020	$1,259,598	$1,136,136	$2,473,519	$123,462
2019	$1,408,344	$1,216,730	$2,213,224	$191,614

Marin School for Gifted Education dba GATE Academy