SERVICES AND ADVOCACY FOR GAY LESBIAN BISEXUAL AND TRANSGENDER ELDERS INC (EIN 132947657) - 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

1978

Legal Domicile

Principal Officer

LYNN FARIA

Phone

2127412247

Tax Period

2024-07-01 to 2025-06-30

SERVICES AND ADVOCACY FOR GAY LESBIAN BISEXUAL AND TRANSGENDER ELDERS INC, founded in 1978, is a mid-sized nonprofit that reported $21.6M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

THE COUNTRY'S LARGEST AND OLDEST ORGANIZATION DEDICATED TO IMPROVING THE LIVES OF LGBTQ+ ELDERS

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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 $20,748,999

Program Service Revenue $744,867

Investment Income $488,400

Other Revenue $-364,211

TOTAL REVENUE $21,618,055

Expense Breakdown

Grants Paid $319,123

Salaries & Benefits $14,691,501

Fundraising Expenses $2,528,963

Program Expenses $18,632,592

Other Expenses $7,190,906

TOTAL EXPENSES $22,378,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,618,055	$17,964,703	+0.2%
Expenses	$22,378,554	$23,081,277	0.0%
Net Income	$-760,499	$-5,116,574	-0.9%

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

143

Volunteers

800

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

$1,361,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ADAMS	CHIEF EXECUTIVE OFFICER	35.00	Officer	$437,463	$71,223	$508,686
DAVID RIVERA-GARCIA	EXECUTIVE VP/CFO (UNTIL 03/25)	35.00	Officer	$284,858	$34,939	$319,797
LYNN FARIA	EXECUTIVE VICE PRESIDENT	35.00	Officer	$283,251	$35,185	$318,436
JAMES KRIS MORDECAI	INTERIM COO/CFO	35.00	Officer	$194,387	$20,631	$215,018
JB STARK	CHIEF DEV. & COMMUNICATIONS OFC.	35.00	Highest	$216,313	$11,000	$227,313
MICHELE GIORDANO	EXECUTIVE DIRECTOR SAGEVENTURE	35.00	Highest	$209,363	$7,903	$217,266
CHRISTINA DACOSTA	CHIEF EXPERIENCE OFFICER	35.00	Highest	$173,019	$40,668	$213,687
MARSHA BONNER	CHIEF PEOPLE & CULTURE OFFICER	35.00	Highest	$166,822	$27,902	$194,724
HECTOR VARGAS	ACTING CHIEF NAT'L INITIATIVES OFC.	35.00	Highest	$144,108	$7,433	$151,541
RUTH EISENBERG	CO-CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN WILLIAMS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT BENNETT	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID DE FIGUEIREDO	TREASURER	1.00	Officer Director	$0	$0	$0
STACI ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
BANDAR ALTURKMANI	BOARD MEMBER (UNTIL 05/25)	1.00	Director	$0	$0	$0
LUANN BOYLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRELL BURKS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORRAINE CARLSON	BOARD MEMBER (UNTIL 04/25)	1.00	Director	$0	$0	$0
JONATHAN CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RAHUL CULAS	BOARD MEMBER (UNTIL 04/25)	1.00	Director	$0	$0	$0
MARC ELOVITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY ERDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BILL ERHARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN FISCHER	BOARD MEMBER (UNTIL 10/24)	1.00	Director	$0	$0	$0
GRANT GINDER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI HOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY JIMENEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ZAK KARIM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARA KEISLING	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE LEDERMAN	BOARD MEMBER (UNTIL 10/24)	1.00	Director	$0	$0	$0
MICHAEL LOMBARDO	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLARD MCCLOUD III	BOARD MEMBER	1.00	Director	$0	$0	$0
LOREN OSTROW	BOARD MEMBER	1.00	Director	$0	$0	$0
CATALINA RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSUE SANTIAGO	BOARD MEMBER	1.00	Director	$0	$0	$0
MADY SCHUMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIOTT SERNEL	BOARD MEMBER (UNTIL 10/24)	1.00	Director	$0	$0	$0
MARK SEXTON	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE SIDER	BOARD MEMBER (UNTIL 07/24)	1.00	Director	$0	$0	$0
SUE WILDER	BOARD MEMBER	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	$21,618,055	$22,378,554	$31,141,255	$-760,499
2024	$17,964,703	$23,081,277	$32,111,242	$-5,116,574
2023	$17,179,548	$20,959,845	$35,953,099	$-3,780,297
2022	$19,168,277	$16,827,354	$38,242,192	$2,340,923
2021	$23,012,699	$12,633,996	$36,020,132	$10,378,703
2020	$16,888,427	$13,099,650	$27,035,354	$3,788,777
2019	$12,102,017	$12,627,681	$20,076,151	$-525,664
2018	$13,466,030	$10,753,748	$20,648,409	$2,712,282

SERVICES AND ADVOCACY FOR GAY LESBIAN BISEXUAL AND TRANSGENDER ELDERS INC