GATEWAY FOUNDATION INC (EIN 721345367) - 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

1997

Legal Domicile

Principal Officer

JOHN MCNEELY IV

Phone

5043689935

Tax Period

2023-10-01 to 2024-09-30

GATEWAY FOUNDATION INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDE TRANSITIONAL AND PERMANENT HOUSING FOR HOMELESS INDIVIDUALS AND FAMILIES, PARTICULARLY VETERANS PRESENTING WITH SUBSTANCE ABUSE ISSUES.

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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 $1,163,802

Program Service Revenue $1,350

Investment Income $35,050

Other Revenue $54,655

TOTAL REVENUE $1,254,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,927

Fundraising Expenses $0

Program Expenses $913,679

Other Expenses $997,944

TOTAL EXPENSES $1,660,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,254,857	$1,872,906	-0.3%
Expenses	$1,660,871	$1,850,111	-0.1%
Net Income	$-406,014	$22,795	-18.8%

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

N/A

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

$351,387

Total Directors

$446,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCNEELY IV	EXECUTIVE DIRECTOR	40.00	Officer Director	$194,688	$0	$194,688
DARRYL CHANDLER	TREASURER/SECRETARY	40.00	Officer Director	$156,699	$0	$156,699
MANSFIELD WILLIAMS	DIRECTOR	40.00	Director	$45,000	$0	$45,000
DAMIAN ROME	DIRECTOR	40.00	Director	$27,400	$0	$27,400
BERTRUM LEE	DIRECTOR	40.00	Director	$22,921	$0	$22,921

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	$1,254,857	$1,660,871	$1,579,696	$-406,014
2023	$1,872,906	$1,850,111	$1,964,919	$22,795
2022	$2,194,576	$2,001,005	$1,967,765	$193,571
2021	$2,652,335	$1,844,537	$1,825,207	$807,798
2020	$2,594,282	$2,157,143	$1,784,453	$437,139
2019	$2,590,459	$2,392,927	$1,347,819	$197,532

GATEWAY FOUNDATION INC