Gateway Cars

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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

Tax Period

2021-01-01 to 2021-12-31

Gateway Cars is a small nonprofit that reported $314K in total revenue in fiscal year 2021. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $274K left a modest 13% surplus.

Mission

The Mission of Gateway cars is to receive, repair and gift cars to those in need through the local church

Program Service Accomplishments

Program 1

Expenses: $244,657

Gateway Cars receives, fixes and gifts vehicles for those in need through local churches.

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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 (2021)

Revenue Breakdown

Contributions & Grants $314,059

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $314,059

Expense Breakdown

Grants Paid $231,429

Salaries & Benefits $18,484

Fundraising Expenses $0

Program Expenses $244,657

Other Expenses $23,863

TOTAL EXPENSES $273,776

Year-over-Year Comparison

	2021	2020	Change
Revenue	$314,059	$161,217	+0.9%
Expenses	$273,776	$158,724	+0.7%
Net Income	$40,283	$2,493	+15.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Harrell	President	20.00	Director	$0	$0	$0
Jeremy Shelton	Director	5.00	Director	$0	$0	$0
Al Kerkstra	Director	5.00	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
2021	$314,059	$273,776	$105,926	$40,283