OPERATION GATEWAY INC

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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

2021

Legal Domicile

Principal Officer

LIONELL HIGHTOWER

Phone

8284001132

Tax Period

2024-01-01 to 2024-12-31

OPERATION GATEWAY INC, founded in 2021, is a community nonprofit in the Mental Health sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 598% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 13% surplus.

Mission

DECREASING THE RECIDIVISM BY ADDRESSING THE SOCIAL DETERMINANTS OF HEALTH OF RETURNING CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,784,465 Revenue: $2,609,400

DECREASING RECIDIVISM BY ADDRESSING THE SOCIAL DETERMINANTS OF THE HEALTH OF CITIZENS RETURNING FROM INCARCERATION. OPERATION GATEWAY HAS DEVELOPED A MODEL TO LEVERAGE THE LIVED EXPERIENCE OF...

DECREASING RECIDIVISM BY ADDRESSING THE SOCIAL DETERMINANTS OF THE HEALTH OF CITIZENS RETURNING FROM INCARCERATION. OPERATION GATEWAY HAS DEVELOPED A MODEL TO LEVERAGE THE LIVED EXPERIENCE OF CERTIFIED COMMUNITY HEALTH WORKERS, WHO ARE FORMERLY INCARCERATED AND ACTIVE IN ADDICITON RECOVERY, TO ASSIST IN NAVAGATING THE BARRIERS FACED WHEN REENTERING SOCIETY. OPERATION GATEWAY IS CURRENTLY AN ALL VOLUNTEER ORGANIZATION WITH DEEP ROOTS IN THE AFFECTED COMMUNITY.

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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 $2,613,171

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,613,171

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $1,111,030

Fundraising Expenses $31,547

Program Expenses $1,784,465

Other Expenses $1,155,453

TOTAL EXPENSES $2,269,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,613,171	$374,377	+6.0%
Expenses	$2,269,483	$280,327	+7.1%
Net Income	$343,688	$94,050	+2.7%

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

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

$170,403

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BO BENNETT	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LIONEL HIGHTOWER	CO CHAIRMAN	2.00	Officer Director	$0	$0	$0
DUSTIN MAILMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
RAMIN SADEGHIAN	TREASURER	3.00	Officer Director	$0	$0	$0
ERIN BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
DESTINY BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
CORYN HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP COOPER	EXECUTIVE DIRECTOR	40.00	Officer	$161,821	$2,044	$163,865
HANNAH ALLEN	CHIEF FINANCIAL OFFICER AS OF 11/2024	40.00	Officer	$6,538	$0	$6,538

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	$2,613,171	$2,269,483	$610,443	$343,688
2023	$374,377	$280,327	$155,912	$94,050