TWELFTH GATE FOUNDATION INC (EIN 834067996) - 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

2019

Legal Domicile

Principal Officer

GERALD H LOREY

Phone

3185257902

Tax Period

2023-01-01 to 2023-12-31

TWELFTH GATE FOUNDATION INC, founded in 2019, is a micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $155K represent 29 months of operating reserves.

Mission

FORMED IN 2019, TO ASSIST THE EPSILON GAMMA CHAPTER OF KAPPA SIGMA. TO HELP BUILD AND MAINTAIN THE FUTURE CHAPTER HOUSE. WE WILL ALSO AWARD ACADEMIC ACHIEVEMENT THROUGH SCHOLARSHIPS AND OFFER ALUMNI SUPPORT.

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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 $92,673

Program Service Revenue $0

Investment Income $0

Other Revenue $-28,107

TOTAL REVENUE $64,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $67,816

TOTAL EXPENSES $67,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,566	$105,218	-0.4%
Expenses	$67,816	$40,971	+0.7%
Net Income	$-3,250	$64,247	-1.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
GERALD H LOREY	President	Director	$0	$0	$0
BRAD A POWELL	Vice President	Director	$0	$0	$0
GEOFFREY S HILL	Treasurer	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	No data	No data	No data	No data
2023	$64,566	$67,816	$767,113	$-3,250
2022	$105,218	$40,971	$770,467	$64,247
2021	$215,424	$131,561	$724,626	$83,863
2020	$199,739	$192,398	$637,530	$7,341

TWELFTH GATE FOUNDATION INC