LGBT CENTER OF RALEIGH INC (EIN 262998186) - 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

2008

Legal Domicile

Principal Officer

KORI HENNESSEY

Phone

9198324484

Tax Period

2024-07-01 to 2025-06-30

LGBT CENTER OF RALEIGH INC, founded in 2008, is a small nonprofit in the Civil Rights & Advocacy sector that reported $511K in total revenue in fiscal year 2024.

Mission

TO SERVE, EMPOWER, AND ADVOCATE FOR THE WELL-BEING OF OUR DIVERSE LGBTQ+ COMMUNITIES. THE CENTER ENVISIONS AN INCLUSIVE WORLD WHERE LGBTQ+ PEOPLE ARE THRIVING, EQUAL, AND VALUED MEMBERS OF SOCIETY.

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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 $643,237

Program Service Revenue $12,354

Investment Income $22,636

Other Revenue $-167,257

TOTAL REVENUE $510,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,368

Fundraising Expenses $61,327

Program Expenses $370,394

Other Expenses $150,068

TOTAL EXPENSES $521,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,970	$528,973	0.0%
Expenses	$521,436	$463,784	+0.1%
Net Income	$-10,466	$65,189	-1.2%

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

$95,226

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE CROFT	CHAIR	3.00	Officer Director	$0	$0	$0
MORGAN YORK	TREASURER	2.00	Officer Director	$0	$0	$0
BRIANNA LASSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREA ARNOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD DAVIS III	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSE HARVEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MITCHELL MORAVEC	BOARD MEMBER	2.00	Director	$0	$0	$0
SHARYN DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE BURROUGHS	BOARD MEMBER (THROUGH JULY 2024)	1.00	Director	$0	$0	$0
HUNTER MCNAIR	BOARD MEMBER (THROUGH APRIL 2025	1.00	Director	$0	$0	$0
STAN KIMER	BOARD MEMBER (THROUGH JULY 2024)	1.00	Director	$0	$0	$0
COLEMAN SIMONS	BOARD MEMBER (THROUGH OCTOBER 2024)	1.00	Director	$0	$0	$0
KORI HENNESSEY	EXECUTIVE DIRECTOR	40.00	Officer	$87,696	$7,530	$95,226

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	$510,970	$521,436	$1,480,681	$-10,466
2024	$528,973	$463,784	$1,008,875	$65,189
2023	$859,167	$476,733	$788,105	$382,434
2022	$630,973	$474,294	$489,872	$156,679
2021	$435,328	$594,231	$419,569	$-158,903
2020	$540,012	$533,527	$353,995	$6,485
2019	$543,928	$599,619	$312,729	$-55,691
2018	$549,246	$463,164	$387,315	$86,082

LGBT CENTER OF RALEIGH INC