FAMILY GATEWAY INC (EIN 752105579) - 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

1986

Legal Domicile

Principal Officer

ELLEN MAGNIS

Phone

2148234500

Tax Period

2024-01-01 to 2024-12-31

FAMILY GATEWAY INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $9.4M in total revenue in fiscal year 2024. The organization ran a surplus of $2.1M, a strong 22% operating margin.

Mission

THE MISSION OF FAMILY GATEWAY IS TO PROVIDE STABILITY AND LIFE-CHANGING SUPPORTIVE SERVICES TO CHILDREN AND FAMILIES AFFECTED BY HOMELESSNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,340,497

Program Service Revenue $6,614

Investment Income $66,768

Other Revenue $-4,024

TOTAL REVENUE $9,409,855

Expense Breakdown

Grants Paid $2,758,035

Salaries & Benefits $3,128,235

Fundraising Expenses $300,989

Program Expenses $6,354,117

Other Expenses $1,408,424

TOTAL EXPENSES $7,294,694

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,409,855	$9,011,856	+0.0%
Expenses	$7,294,694	$7,752,522	-0.1%
Net Income	$2,115,161	$1,259,334	+0.7%

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

2000

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

$419,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM BENTON	DIRECTOR	1.00	Director	$0	$0	$0
DEREK SHARP	DIRECTOR	1.00	Director	$0	$0	$0
DARLA WHITAKER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA BANKS	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GOLZ	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA HENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KEE	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON MAIN	DIRECTOR	1.00	Director	$0	$0	$0
STEPH MCNELIS	DIRECTOR	1.00	Director	$0	$0	$0
MALLORY MUSE	DIRECTOR	1.00	Director	$0	$0	$0
ALMAS MUSCATWALLA	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
APRIL PINKSTON	DIRECTOR	1.00	Director	$0	$0	$0
JWYANZA WATT	DIRECTOR	1.00	Director	$0	$0	$0
EXA WHITEMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDY YUNG	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE FRYMIRE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GARY MOOR	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
HOPE AUBERT-SCHALL	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT GERKENS	TREASURER	1.00	Officer Director	$0	$0	$0
ELLEN MAGNIS	PRESIDENT & CEO	60.00	Officer	$264,897	$8,427	$273,324
CINDY ALLEY	CFO	50.00	Officer	$136,294	$9,384	$145,678

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	$9,409,855	$7,294,694	$12,386,127	$2,115,161
2023	$9,011,856	$7,752,522	$10,890,183	$1,259,334
2022	$8,193,892	$7,717,316	$5,386,965	$476,576
2021	$5,756,628	$6,790,298	$4,760,688	$-1,033,670
2020	$4,439,833	$5,571,810	$5,373,639	$-1,131,977
2019	$7,670,226	$4,440,132	$6,533,414	$3,230,094
2018	$3,051,217	$3,324,671	$3,204,906	$-273,454

FAMILY GATEWAY INC