GATEWAY CENTER OF MONTEREY COUNTY INC (EIN 942660677) - 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

1979

Legal Domicile

Principal Officer

BRAD BARBEAU

Phone

8313728002

Tax Period

2023-07-01 to 2024-06-30

GATEWAY CENTER OF MONTEREY COUNTY INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $7.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

IS TO PROVIDE A CARING AND STIMULATING ENVIRONMENT WHERE PEOPLE WITH DISABILITIES CAN ACHIEVE THEIR INDIVIDUAL GOALS, SAFELY AND WITH DIGNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $956,492

Program Service Revenue $6,480,969

Investment Income $102,044

Other Revenue $24,476

TOTAL REVENUE $7,563,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,597,204

Fundraising Expenses $30,416

Program Expenses $6,724,625

Other Expenses $2,078,996

TOTAL EXPENSES $7,676,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,563,981	$6,604,980	+0.1%
Expenses	$7,676,200	$6,415,630	+0.2%
Net Income	$-112,219	$189,350	-1.6%

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

155

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

$166,262

Total Directors

$166,262

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNETTE FASSLER-WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM PESCE	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES LANDMAN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
KRISTINA OLFSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY WECKER	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT FREIRI	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$166,262
BRAD BARBEAU	CHAIR	2.00	Officer Director	$0	$0	$0
DAVE TANIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED WIEGARD	BOARD MEMBER	0.50	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
2025	No data	No data	No data	No data
2024	$7,563,981	$7,676,200	$5,458,185	$-112,219
2023	$6,604,980	$6,415,630	$5,550,005	$189,350
2022	$6,424,403	$5,830,724	$5,128,467	$593,679
2021	$6,935,011	$5,726,786	$4,862,144	$1,208,225
2020	$5,171,579	$5,221,097	$4,607,871	$-49,518
2019	$4,848,012	$4,627,648	$4,005,120	$220,364
2018	$4,524,631	$4,331,474	$3,712,492	$193,157

GATEWAY CENTER OF MONTEREY COUNTY INC