NORTH SHORE ALLIANCE OF GAY LESBIA… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

JAMES GIESSLER

Phone

9782242102

Tax Period

2024-07-01 to 2025-06-30

NORTH SHORE ALLIANCE OF GAY LESBIAN BISEXUAL AND TRANSGENDER YOUTH (NAGLY), founded in 2004, is a small nonprofit in the Youth Development sector that reported $602K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 22% operating margin.

Mission

NAGLY CREATES SUSTAINS AND ADVOCATES FOR PROGRAMS, POLICIES AND SERVICES FOR THE GAY, LESBIAN, BISEXUAL, TRANSGENDER AND QUESTIONING YOUTH COMMUNITY. THIS INCLUDES REGULARLY SCHEDULED MEETINGS, DEFENDING AND ENHANCING THE HUMAN AND CIVIL RIGHTS OF GAY, LESBIAN, BISEXUAL, TRANSGENDER AND QUESTIONING YOUTH ON THE NORTH SHORE OF MASSACHUSETTS AND BEYOND. NAGLY SERVES YOUTH FROM KINDERGARTEN THROUGH AGE 23 IN A POPULATION AREA APPROXIMATELY 400,000.

Program Service Accomplishments

Program 1

Expenses: $224,670

NAGLY PROVIDES A SAFE PHYSICAL MEETING SPACE FOR YOUTH FROM KINDERGARTEEN THROUGH AGE 23 WHO IDENTIFY AS GAY, LESBIAN, BISEXUAL, TRANSGENDER AND QUESTIONING. IN THIS SPACE, YOUTH WHO LIVE, WORK...

NAGLY PROVIDES A SAFE PHYSICAL MEETING SPACE FOR YOUTH FROM KINDERGARTEEN THROUGH AGE 23 WHO IDENTIFY AS GAY, LESBIAN, BISEXUAL, TRANSGENDER AND QUESTIONING. IN THIS SPACE, YOUTH WHO LIVE, WORK, ATTEND SCHOOL OR SPEND TIME ON THE NORTH SHORE CAN CONGREGATE, SOCIALIZE AND SEEK SUPPORT AND COMMUNITY THIS SPACE IS OPEN TO BOTH GLBTQ YOUTH AND ALLIES. THE SPACE ALSO PROVIDES YOUTH WITH A LIBRARY WITH COMPUTERS AND INTERNET ACCESS TO PROVIDE A SAFE AND COMFORTABLE SPACE IN WHICH TO COMPLETE SCHOOL WORK; A CLOTHING BOUTIQUE (NON-RETAIL, NON-PROFIT); COOKING FACILITIES FOR HEALTHY MEALS.

Program 2

Expenses: $49,229

NAGLY PROVIDES PROGRAMMING DESIGNED TO EDUCATE OUR YOUTH IN HEALTHY RELATIONSHIPS; RISK REDUCTION WITH REGARD TO PHYSICAL AND MENTAL HEALTH; LEADERSHIP TRAINING; HIV AND HEP C PREVENTION AND TESTING. ADDITIONAL WORKSHOPS FOCUS ON VIOLENCE PREVENTION, ANTI-OPPRESSION STRATEGIES, COMING OUT TO FAMILY AND FRIENDS, ARTISTIC EXPRESSION AND CREATIVITY, AND GLBTQ HISTORY, CULTURE AND PRIDE. NAGLY ALSO PROVIDES OUTREACH TO SCHOOLS, MEDICAL PROFESSIONALS AND BUSINESSES TO PROVIDE EDUCATION AND SUPPORT TO THOSE VARIOUS ENTITIES THAT EDUCATE, EMPLOY AND CARE FOR GLBTQ YOUTH.

Program 3

Expenses: $23,322

NAGLY ORGANIZES AND HOSTS SPECIAL EVENTS FOR LGBTQ YOUTH AND ALLIES FOR OCCASIONS SUCH AS HALLOWEEN, THANKSGIVING AND NORTH SHORE PRIDE PARADE.

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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 $605,195

Program Service Revenue $0

Investment Income $4,122

Other Revenue $-7,538

TOTAL REVENUE $601,779

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,027

Fundraising Expenses $94,721

Program Expenses $297,221

Other Expenses $286,523

TOTAL EXPENSES $468,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$601,779	$407,097	+0.5%
Expenses	$468,550	$404,808	+0.2%
Net Income	$133,229	$2,289	+57.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRSTEN FRENI	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE KIMBALL DYER	CLERK	1.00	Officer Director	$0	$0	$0
PETER A KONRAD	PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM NEELY	VICE PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$0	$0
ALEXANDRA DIETRICH	DIRECTOR	1.00	Director	$0	$0	$0
FRED C VANNESS JR	DIRECTOR	1.00	Director	$0	$0	$0
MABEL COVARRUBIAS-DOUCETTE	TREASURER	1.00	Officer Director	$0	$0	$0
JENNA COMINS-ADDIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KEANEY	DIRECTOR	1.00	Director	$0	$0	$0
JILLIAN LAMY	DIRECTOR	1.00	Director	$0	$0	$0
AJ HOFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
CARMELO ARESCO	DIRECTOR	1.00	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
2025	$601,779	$468,550	$324,042	$133,229
2024	$407,097	$404,808	$182,357	$2,289
2023	$394,596	$374,569	$179,733	$20,027
2022	$320,604	$316,855	$160,398	$3,749
2021	$243,610	$232,112	$166,785	$11,498

NORTH SHORE ALLIANCE OF GAY LESBIAN BISEXUAL AND TRANSGENDER YOUTH (NAGLY)