ATLANTIC GATEWAY COMMUNICATIONS INC (EIN 825013506) - 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

2018

Legal Domicile

Principal Officer

KEVIN KRUEGER

Phone

2029026000

Tax Period

2024-01-01 to 2024-12-31

ATLANTIC GATEWAY COMMUNICATIONS INC, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.4M in total revenue in fiscal year 2024.

Mission

AGC, INC. IS A LISTENER-FUNDED MEDIA MINISTRY ENGAGING 500,000 WEEKLY LISTENERS THROUGH WGTS AND WGBZ, ENCOURAGING SPIRITUAL GROWTH THROUGH FAITH-BASED CONTENT ON PLATFORMS THAT ARE; ON-AIR, ONLINE, AND IN PERSON.

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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 $7,718,687

Program Service Revenue $284,692

Investment Income $335,810

Other Revenue $66,264

TOTAL REVENUE $8,405,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,184,278

Fundraising Expenses $1,016,892

Program Expenses $6,004,470

Other Expenses $4,039,442

TOTAL EXPENSES $8,397,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,405,453	$8,440,902	0.0%
Expenses	$8,397,695	$8,709,493	0.0%
Net Income	$7,758	$-268,591	-1.0%

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

100

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

$458,772

Total Directors

$268,977

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES TAPP	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREG SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNA BLAKE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN KRUEGER	PRESIDENT/CE	50.00	Officer Director	$227,280	$40,311	$267,591
CELESTE RYAN BLYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DUANE DORCH	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE JUNEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
LERONE CARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD MARTIN	CORPORATE SE	1.00	Officer Director	$1,386	$0	$1,386
DAN LOUKOTA	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM WETMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
KERMIT NETTEBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
EBENEZER ASIEM	CFO	40.00	Officer	$159,236	$30,559	$189,795
KELLY CARVALHO	EMPLOYEE	40.00	Highest	$166,725	$31,458	$198,183
MICHAEL AGEE	EMPLOYEE	40.00	Highest	$134,232	$28,559	$162,791
JERRY WOODS	EMPLOYEE	40.00	Highest	$133,502	$28,500	$162,002
VICTOR MUZICA	EMPLOYEE	40.00	Highest	$124,771	$27,802	$152,573
STACEY KATHERYN LUNDQUIST	EMPLOYEE	40.00	Highest	$123,754	$10,500	$134,254

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	$8,405,453	$8,397,695	$22,823,087	$7,758
2023	$8,440,902	$8,709,493	$23,522,639	$-268,591
2022	$7,965,796	$7,438,548	$21,140,895	$527,248
2021	$8,767,157	$7,022,117	$17,231,384	$1,745,040
2020	$7,708,177	$5,641,137	$16,044,864	$2,067,040
2019	$6,662,652	$4,925,118	$13,781,446	$1,737,534

ATLANTIC GATEWAY COMMUNICATIONS INC