GATEWAYS ACADEMY INC

EIN: 852653643 501(c)(3) Education

Shrewsbury, MA

Total Revenue
$449,860
Total Expenses
$418,442
Total Assets
$119,061
Net Assets
$119,061
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Tax Period
2023-07-01 to 2024-06-30

GATEWAYS ACADEMY INC, founded in 2020, is a small nonprofit in the Education sector that reported $450K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $418K left a modest 7% surplus.

Mission

TO PROVIDE A BLENDED AND COMPREHENSIVE EDUCATION FOR DIVERSE STUDENTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $77,409
Program Service Revenue $369,590
Investment Income $84
Other Revenue $2,777
TOTAL REVENUE $449,860

Expense Breakdown

Grants Paid $33,000
Salaries & Benefits $272,560
Fundraising Expenses $0
Program Expenses $381,183
Other Expenses $112,882
TOTAL EXPENSES $418,442

Year-over-Year Comparison

2023 2022 Change
Revenue $449,860 $332,380 +0.4%
Expenses $418,442 $322,768 +0.3%
Net Income $31,418 $9,612 +2.3%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
17
Volunteers
1

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
4
$107,170
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONICA CAMPBELL CLERK 40.00
Officer
$35,790 $0 $35,790
CYNTHIA AHEARN TREASURER 40.00
Officer
$35,000 $0 $35,000
CINDI SPROW PRESIDENT 40.00
Officer
$35,000 $0 $35,000
STACEY VARNEY VICE PRESIDENT 40.00
Officer
$1,380 $0 $1,380
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
2025 No data No data No data No data
2024 $449,860 $418,442 $119,061 $31,418
2023 $332,380 $322,768 $87,643 $9,612
2022 $221,254 $253,216 $78,031 $-31,962
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare GATEWAYS ACADEMY INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.