African American Office of Gay Concerns

EIN: 223767952 501(c)(3)

Newark, NJ

Total Revenue
$338,428
Total Expenses
$308,672
Total Assets
$140,848
Net Assets
$47,779
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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
2002
Legal Domicile
NJ
Principal Officer
GARY P WRIGHT
Tax Period
2020-07-01 to 2021-06-30

African American Office of Gay Concerns, founded in 2002, is a small nonprofit that reported $338K in total revenue in fiscal year 2020. Expenses of $309K left a modest 9% surplus.

Mission

To comprehensively serve as resource for the wellbeing of gay men of color inclusive but not limited to the gay bisexual transgender

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $338,428
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $338,428

Expense Breakdown

Grants Paid $0
Salaries & Benefits $225,992
Fundraising Expenses $0
Program Expenses $308,672
Other Expenses $82,680
TOTAL EXPENSES $308,672

Year-over-Year Comparison

2020 2019 Change
Revenue $338,428 $336,226 +0.0%
Expenses $308,672 $334,381 -0.1%
Net Income $29,756 $1,845 +15.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
7
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
1
$60,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWIGHT PEAVY President 1.000
Director
$0 $0 $0
PETER OATES Secretary 1.000
Director
$0 $0 $0
ROMULUS JOHNSON Treasurer 1.000
Director
$0 $0 $0
GARY P WRIGHT Executive Director 40.00
Officer
$60,000 $0 $60,000
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
2021 $338,428 $308,672 $140,848 $29,756
2020 $336,226 $334,381 $120,430 $1,845
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