GATEWAY PUBLIC SCHOOLS (EIN 943278357) - 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

1997

Legal Domicile

Principal Officer

EXECUTIVE DIRECTOR

Phone

4157493600

Tax Period

2022-07-01 to 2023-06-30

GATEWAY PUBLIC SCHOOLS, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $15.3M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $14.7M left a modest 4% surplus.

Mission

CHARTER SCHOOL OPERATIONS: TO PREPARE A BROAD RANGE OF LEARNERS FOR SUCCESS IN COLLEGE AND BEYOND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,785,073

Program Service Revenue $370,972

Investment Income $135,115

Other Revenue $0

TOTAL REVENUE $15,291,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,661,097

Fundraising Expenses $733,051

Program Expenses $12,725,774

Other Expenses $3,012,677

TOTAL EXPENSES $14,673,774

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,291,160	$13,987,153	+0.1%
Expenses	$14,673,774	$13,075,934	+0.1%
Net Income	$617,386	$911,219	-0.3%

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

194

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

$478,076

Total Directors

$505,193

Key Employees

$209,112

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON GILLENWATER	CO-CHAIR/CEO	2.00	Officer Director	$0	$0	$0
KEVIN RAFTER	CO-CHAIR	2.00	Director	$0	$0	$0
CYNTHIA BILLOPS	VICE CHAIR	2.00	Director	$0	$0	$0
MARK FELTON	VICE CHAIR	2.00	Director	$0	$0	$0
DINA TO	VICE CHAIR	2.00	Director	$0	$0	$0
SUSAN MASTO	SECRETARY	2.00	Officer Director	$0	$0	$0
LAURA SPIVY	TREASURER/CFO	2.00	Officer Director	$0	$0	$0
THERESE ARSENAULT	TRUSTEE/TEACHER	40.00	Director	$91,293	$34,733	$126,026
SAPNA BOZE	TRUSTEE	2.00	Director	$0	$0	$0
SARA BYRNE	TRUSTEE	2.00	Director	$0	$0	$0
DAN CARR	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH COLEN	TRUSTEE/TEACHER	40.00	Director	$103,294	$32,993	$136,287
KATIE COLLEY	TRUSTEE	2.00	Director	$0	$0	$0
HARPER MATHESON	TRUSTEE	2.00	Director	$0	$0	$0
GALE MONDRY	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH MORRISON	TRUSTEE	2.00	Director	$0	$0	$0
MOLLY ORNER	TRUSTEE/TEACHER	40.00	Director	$80,803	$32,245	$113,048
ARIANA PROEHL	TRUSTEE	2.00	Director	$0	$0	$0
JOEL RANGEL	TRUSTEE/TEACHER	40.00	Director	$98,078	$31,754	$129,832
SCOTT ROBERTS	TRUSTEE	2.00	Director	$0	$0	$0
VALERIE TOLER	TRUSTEE	2.00	Director	$0	$0	$0
JAKE WELCH	TRUSTEE	2.00	Director	$0	$0	$0
SHARON OLKEN	EXECUTIVE DIRECTOR	40.00	Officer	$206,259	$50,927	$257,186
CHRIS HERO	CHIEF OPERATING OFFICER	40.00	Officer	$192,085	$28,805	$220,890
AARON WATSON	CHIEF OF SCHOOLS/ACTING ED	40.00	Key Emp	$164,502	$44,610	$209,112
CHANDA LOCKHART	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$146,971	$7,696	$154,667
VIDYANANDA DAVID-VALENTINE	MS PRINCIPAL	40.00	Highest	$149,496	$35,690	$185,186
KEVIN MCCOY	DIRECTOR OF TECHNOLOGY	40.00	Highest	$147,769	$17,889	$165,658
STEPHANIE KHAZIRAN	HS CO-PRINCIPAL	40.00	Highest	$145,306	$35,755	$181,061
REBECCA WIEDER	HS CO-PRINCIPAL	40.00	Highest	$141,568	$39,882	$181,450

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	No data	No data	No data	No data
2023	$15,291,160	$14,673,774	$11,963,146	$617,386
2022	$13,987,153	$13,075,934	$9,553,972	$911,219
2021	$13,510,949	$11,439,408	$9,453,410	$2,071,541
2020	$10,947,929	$11,479,311	$7,929,881	$-531,382
2019	$9,857,446	$10,788,700	$7,181,307	$-931,254
2018	$9,340,904	$10,153,597	$7,573,185	$-812,693

GATEWAY PUBLIC SCHOOLS