Gateway Healthcare (EIN 872324449) - 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

2021

Legal Domicile

Principal Officer

Ed Doerner

Phone

9892591000

Tax Period

2024-01-01 to 2024-12-31

Gateway Healthcare, founded in 2021, is a small nonprofit in the Health Care sector that reported $421K in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $384K left a modest 9% surplus.

Mission

Restoring lives through affordable healthcare. We treat all regardless of insurance status or where they live but our focus is providing affordable, compassionate primary and urgent care to the uninsured, underinsured, and those facing barriers to quality healthcare.

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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 $242,083

Program Service Revenue $147,662

Investment Income $86

Other Revenue $30,916

TOTAL REVENUE $420,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,524

Fundraising Expenses $8,679

Program Expenses $342,282

Other Expenses $142,428

TOTAL EXPENSES $383,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$420,747	$214,255	+1.0%
Expenses	$383,952	$328,998	+0.2%
Net Income	$36,795	$-114,743	-1.3%

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

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
Jeff Michalowski	President	4.00	Officer Director	$0	$0	$0
John Thaxter	Vice President	4.00	Officer Director	$0	$0	$0
Dan Deleeuw	Treasurer	4.00	Officer Director	$0	$0	$0
Jackie Maxwell	Secretary	4.00	Officer Director	$0	$0	$0
Carol Laux	Director	4.00	Director	$0	$0	$0
Mark Bone	Director	4.00	Director	$0	$0	$0
Todd Gambrell	Director	4.00	Director	$0	$0	$0
Jacqueline Leapheart	Director	4.00	Director	$0	$0	$0
Kim Dunn	Director	4.00	Director	$0	$0	$0
Craig Lang	Director	4.00	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
2024	$420,747	$383,952	$74,480	$36,795
2023	$214,255	$328,998	$36,822	$-114,743
2022	$220,871	$146,453	$149,418	$74,418

Gateway Healthcare