Queens Lesbian & Gay Community Center Inc (EIN 113331066) - 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

1996

Legal Domicile

Principal Officer

Heriberto Sanchez-Soto

Phone

7184295309

Tax Period

2023-07-01 to 2024-06-30

Queens Lesbian & Gay Community Center Inc, founded in 1996, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $72K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 94% operating deficit.

Mission

Education and services to the LBGT Community, health information, referral and health resources center

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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 $72,106

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,662

Fundraising Expenses $0

Program Expenses $89,036

Other Expenses $106,456

TOTAL EXPENSES $140,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,106	$282,914	-0.7%
Expenses	$140,118	$295,852	-0.5%
Net Income	$-68,012	$-12,938	+4.3%

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
Charles Ober	President	002.00	Officer Director	$0	$0	$0
Luis Ernesto Nieves Rosa	Secretary	001.00	Officer Director	$0	$0	$0
Steven Toledo	Member	001.00	Director	$0	$0	$0
Heriberto Sanchez-Soto	Director	015.00	Key Emp	$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	$72,106	$140,118	$149,199	$-68,012
2023	$282,914	$295,852	$238,433	$-12,938
2022	$234,381	$239,912	$426,336	$-5,531
2021	$311,074	$269,006	$338,344	$42,068
2020	$315,513	$355,512	$397,313	$-39,999
2019	$484,962	$490,024	$398,583	$-5,062
2018	$506,569	$443,889	$358,514	$62,680

Queens Lesbian & Gay Community Center Inc