LESBIAN GAY BISEXUAL TRANSGENDER COMMUNITY CENTER (EIN 341190920) - 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

1975

Legal Domicile

Principal Officer

PHYLLIS HARRIS

Phone

2166515428

Tax Period

2023-01-01 to 2023-12-31

LESBIAN GAY BISEXUAL TRANSGENDER COMMUNITY CENTER, founded in 1975, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE LGBT COMMUNITY CENTER OF GREATER CLEVELAND'S MISSION IS TO ADVANCE THE RIGHTS, RESPECT AND DIVERSITY OF THE LGBT COMMUNITY. THE LGBT COMMUNITY CENTER SEEKS TO CREATE A COMMUNITY THAT CELEBRATES THE INHERENT WORTH AND DIGNITY OF EVERY PERSON REGARDLESS OF SEXUAL ORIENTATION.

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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 $1,743,702

Program Service Revenue $186,134

Investment Income $294

Other Revenue $0

TOTAL REVENUE $1,930,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $970,180

Fundraising Expenses $311,640

Program Expenses $1,738,503

Other Expenses $1,489,739

TOTAL EXPENSES $2,459,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,930,130	$2,201,537	-0.1%
Expenses	$2,459,919	$1,787,754	+0.4%
Net Income	$-529,789	$413,783	-2.3%

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

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

$100,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS HARRIS	EXECUTIVE DI	40.00	Officer	$100,200	$0	$100,200
SWAGATA BANIK	BOARD MEMBER	3.00	Director	$0	$0	$0
ISAIAH BARNETT	BOARD MEMBER	3.00	Director	$0	$0	$0
JOHN BOUTROS	BOARD MEMBER	3.00	Director	$0	$0	$0
LAURA CHALKER	TREASURER	6.00	Officer Director	$0	$0	$0
KENYON FARROW	PRESIDENT	6.00	Director	$0	$0	$0
BRAVEHEART GILLANI	BOARD MEMBER	3.00	Director	$0	$0	$0
JUSTIN GOULD	PAST PRESIDE	6.00	Officer Director	$0	$0	$0
SUSAN HARLOW	BOARD MEMBER	3.00	Director	$0	$0	$0
ADAM HOLLINGSWORTH	BOARD MEMBER	3.00	Director	$0	$0	$0
GINGER MLAKAR	BOARD MEMBER	3.00	Director	$0	$0	$0
ELIZABETH NEWMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
HENRY NG	BOARD MEMBER	3.00	Director	$0	$0	$0
RACHEL POLAK	SECRETARY	6.00	Officer Director	$0	$0	$0
TERRI WILLIAMS	BOARD MEMBER	3.00	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	$1,930,130	$2,459,919	$7,795,668	$-529,789
2022	$2,201,537	$1,787,754	$8,056,932	$413,783
2021	$1,732,066	$1,305,226	$7,865,438	$426,840
2020	$1,210,287	$1,189,183	$7,235,912	$21,104
2019	$2,861,903	$1,059,282	$7,205,001	$1,802,621
2018	$3,403,301	$768,691	$5,626,543	$2,634,610

LESBIAN GAY BISEXUAL TRANSGENDER COMMUNITY CENTER