GATEWAY RESEARCH PARK INC (EIN 900131526) - 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

2003

Legal Domicile

Principal Officer

PAUL A MEYER

Phone

3363759232

Tax Period

2024-07-01 to 2025-06-30

GATEWAY RESEARCH PARK INC, founded in 2003, is a community nonprofit in the Education sector that reported $7.5M in total revenue in fiscal year 2024. Net assets of $49.8M represent 79 months of operating reserves.

Mission

THE ORGANIZATION IS A CATALYST FOR UNIVERSITY RESEARCH, INNOVATION, AND ECONOMIC DEVELOPMENT.

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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 $1,969,931

Program Service Revenue $4,653,713

Investment Income $500,988

Other Revenue $391,633

TOTAL REVENUE $7,516,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,302,500

Fundraising Expenses $0

Program Expenses $5,872,854

Other Expenses $6,513,991

TOTAL EXPENSES $7,816,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,516,265	$7,405,583	+0.0%
Expenses	$7,816,491	$8,185,958	0.0%
Net Income	$-300,226	$-780,375	-0.6%

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

$208,707

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR KEVIN BAKER	CHAIR	5.00	Officer Director	$0	$0	$0
DR MELISSA HODGE-PENN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR FRANKLIN GILLIAM JR	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MRS NANCY JOHNSTON	MEMBER, BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
MR FRANKIE T JONES JR	MEMBER, BOARD OF DIRECTORS	5.00	Director	$0	$0	$0
DR JAMES R MARTIN III	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR JOHN MARTIN	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR BRIAN MOORE	TREASURER	1.00	Officer Director	$0	$0	$0
MR JUSTIN OUTLING	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MRS CHARTARRA JOYNER	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR MARK PRINCE	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR BOB SHEA	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DR SHERINE OBARE	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MRS CAROLE SIMMS	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DR TONYA SMITH-JACKSON	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR DOUG SPEIGHT	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DR ALAN BOYETTE	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MRS DENISE TURNER ROTH	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR TIM MINOR	MEMBER, BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MR PAUL MEYER	EXECECUTIVE DIRECTOR	40.00	Officer	$185,368	$23,339	$208,707
MR JAMES CHAPLIN II	DIRECTOR OF FACILITIES	40.00	Highest	$129,097	$19,969	$149,066
MS RENE WHITESELL	DIRECTOR OF ADMINISTRATION	40.00	Highest	$111,291	$19,142	$130,433

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	$7,516,265	$7,816,491	$69,301,451	$-300,226
2024	$7,405,583	$8,185,958	$75,264,433	$-780,375
2023	$6,286,958	$7,519,992	$75,933,688	$-1,233,034
2022	$5,504,159	$7,364,730	$77,329,453	$-1,860,571
2021	$6,073,133	$7,336,207	$75,286,905	$-1,263,074
2020	$6,078,260	$7,667,888	$78,888,418	$-1,589,628

GATEWAY RESEARCH PARK INC