The LGBTQ Center of Durham Inc (EIN 271277498) - 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

2010

Legal Domicile

Principal Officer

Natalie Watson

Phone

9198271436

Tax Period

2023-01-01 to 2023-12-31

The LGBTQ Center of Durham Inc, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 11% surplus.

Mission

To create a community where all LGBTQ+ lived experiences are affirmed, supported, and celebrated.

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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 $1,720,276

Program Service Revenue $139,787

Investment Income $902

Other Revenue $1,626

TOTAL REVENUE $1,862,591

Expense Breakdown

Grants Paid $287,175

Salaries & Benefits $899,984

Fundraising Expenses $45,081

Program Expenses $1,476,251

Other Expenses $475,782

TOTAL EXPENSES $1,662,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,862,591	$1,414,742	+0.3%
Expenses	$1,662,941	$1,076,920	+0.5%
Net Income	$199,650	$337,822	-0.4%

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

129

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

$118,423

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Natalie Watson	Executive Dir.	40.00	Officer	$93,641	$7,631	$101,272
Justin Clapp	Executive Dir.	40.00	Officer	$15,840	$1,311	$17,151
Derrick Matthews	Chairman	3.00	Officer Director	$0	$0	$0
Amos Cooper Jr	Treasurer	3.00	Officer Director	$0	$0	$0
Jose Romero	Secretary	1.00	Officer Director	$0	$0	$0
Octavius Smiley-Humphries	Director	1.00	Director	$0	$0	$0
Desmara Gatewood	Director	1.00	Director	$0	$0	$0
Benjamin UySmith	Director	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
2024	No data	No data	No data	No data
2023	$1,862,591	$1,662,941	$846,444	$199,650
2022	$1,414,742	$1,131,830	$611,515	$282,912
2021	$947,186	$824,272	$328,603	$122,914
2020	$464,399	$530,248	$239,989	$-65,849
2019	$373,550	$372,833	$272,750	$717

The LGBTQ Center of Durham Inc