GATEWAY ACADEMY SERVICES

EIN: 844643298 501(c)(3) Education

GLOUCESTER, VA

Total Revenue
$1,665,137
Total Expenses
$1,341,891
Total Assets
$911,059
Net Assets
$683,273
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
JAMES MONTGOMERY DIRECTOR
Tax Period
2023-01-01 to 2023-12-31

GATEWAY ACADEMY SERVICES, founded in 2020, is a small nonprofit in the Education sector that reported $354K in total revenue in fiscal year 2020. The organization ran a surplus of $109K, a strong 31% operating margin.

Mission

PRIVATE DAY SCHOOL FOR CHILDREN WITH LEARNING DISABILITIES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,664,953
Investment Income $0
Other Revenue $184
TOTAL REVENUE $1,665,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $814,820
Fundraising Expenses $0
Program Expenses $1,315,379
Other Expenses $527,071
TOTAL EXPENSES $1,341,891

Year-over-Year Comparison

2023 2022 Change
Revenue $1,665,137 $1,121,386 +0.5%
Expenses $1,341,891 $1,027,473 +0.3%
Net Income $323,246 $93,913 +2.4%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
23
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
2
$231,000
Total Directors
2
$231,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES MONTGOMERY PRESIDENT 60.00
Officer Director Highest
$136,000 $0 $136,000
ASHLEY K MONTGOMERY VICE PRESIDENT 50.00
Officer Director
$95,000 $0 $95,000
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 $1,665,137 $1,341,891 $911,059 $323,246
2022 $1,121,386 $1,027,473 $399,393 $93,913
2021 $815,054 $658,095 $368,445 $156,959
2020 $353,986 $244,831 $369,487 $109,155
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