NORTH TEXAS GAY LESBIAN BISEXUAL T… - 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

ANTHONY P VEDDA

Phone

2148214528

Tax Period

2023-01-01 to 2023-12-31

NORTH TEXAS GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $378K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $461K exceeded revenue, resulting in a 22% operating deficit.

Mission

The North Texas GLBT Chamber of Commerce works to achieve equality through business.

Program Service Accomplishments

Program 1

The Chamber provides business development & educational programming, networking opportunities and volunteer activities. We publish a quarterly digital magazine and annual member directory.

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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 $1,790

Program Service Revenue $376,039

Investment Income $72

Other Revenue $0

TOTAL REVENUE $377,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,153

Fundraising Expenses $0

Other Expenses $215,714

TOTAL EXPENSES $460,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,901	$294,600	+0.3%
Expenses	$460,867	$307,122	+0.5%
Net Income	$-82,966	$-12,522	+5.6%

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

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

$83,291

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY P VEDDA	President/CEO	38.00	Officer	$78,240	$5,051	$83,291
CLINT THOMSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELLEY HUNTER	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT CARNES	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
ARMANDO G RAMIREZ	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY SANCHEZ	PAST CHAIR	2.00	Officer Director	$0	$0	$0
STEPHEN LEWIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOLI ROBINSON	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL WOLF	Chairman	2.00	Officer Director	$0	$0	$0
JAKE KRYSIAK	BOARD MEMBER	2.00	Director	$0	$0	$0
JUSTIN WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
SUZANNE BUTLER	Treasurer	2.00	Officer Director	$0	$0	$0
ARMANDO GONZALEZ	Secretary	2.00	Officer Director	$0	$0	$0
CLARK DAVIS	Director	2.00	Director	$0	$0	$0
KEVIN MCKEEVER	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN WILLIAMS	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$377,901	$460,867	$168,004	$-82,966
2022	$294,600	$307,122	$134,971	$-12,522
2021	$194,720	$248,173	$131,870	$-53,453
2020	$214,917	$206,502	$169,184	$8,415
2019	$269,880	$299,467	$59,142	$-29,587
2018	$304,963	$287,740	$69,713	$17,223

NORTH TEXAS GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE INC