GATESWAY RESIDENTIAL ALTERNATIVES INC (EIN 731511972) - 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

Principal Officer

THOMAS A GORMAN

Phone

9183332244

Tax Period

2023-07-01 to 2024-06-30

GATESWAY RESIDENTIAL ALTERNATIVES INC is a small nonprofit in the Human Services sector that reported $120K in total revenue in fiscal year 2023. Expenses of $150K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE PURPOSE AND BUSINESS OF THIS PROJECT IS TO DEVELOP, CONSTRUCT, MAINTAIN, SUPPORT AND OPERATE A 24-UNIT HOUSING COMPLEX FOR THE ELDERLY OR DISABLED PERSONS.

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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 $0

Program Service Revenue $119,680

Investment Income $212

Other Revenue $0

TOTAL REVENUE $119,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,077

Other Expenses $150,400

TOTAL EXPENSES $150,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,892	$120,475	0.0%
Expenses	$150,400	$155,911	0.0%
Net Income	$-30,508	$-35,436	-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

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
CLAIRE COLLARD	MEMBER	1.00	Director	$0	$0	$0
ROGER FISHER	MEMBER	1.00	Director	$0	$0	$0
JOSEPH KOK	MEMBER	1.00	Director	$0	$0	$0
SEAN KOUPLEN	ADVISORY MEM	1.00	Director	$0	$0	$0
LARRY LANGFORD	MEMBER	1.00	Director	$0	$0	$0
GREG SMITH	MEMBER	1.00	Director	$0	$0	$0
AARON WALTON	MEMBER	1.00	Director	$0	$0	$0
JOHN FEARY	PRESIDENT	1.00	Officer	$0	$0	$0
DR ROBERT FRANKLIN	VICE-PRESIDE	1.00	Officer	$0	$0	$0
VICKI JORDAN	SECRETARY	1.00	Officer	$0	$0	$0
LYNN LUGIBIHL	TREASURER	1.00	Officer	$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	$119,892	$150,400	$494,554	$-30,508
2023	$120,475	$155,911	$527,678	$-35,436
2022	$117,591	$130,338	$562,044	$-12,747
2021	$114,103	$140,075	$573,772	$-25,972
2020	$115,863	$139,844	$615,906	$-23,981
2019	$119,961	$143,269	$623,462	$-23,308

GATESWAY RESIDENTIAL ALTERNATIVES INC