Queer Life Space Inc (EIN 452451077) - 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

2011

Legal Domicile

Principal Officer

Joseph Voors

Phone

4153582000

Tax Period

2022-07-01 to 2023-06-30

Queer Life Space Inc, founded in 2011, is a small nonprofit in the Mental Health sector that reported $342K in total revenue in fiscal year 2022. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 25% operating margin.

Mission

To create a safe space for the Lesbian, Gay, Bisexual, Transgender, Queer, Questioning, IntersexLGBTQQI community and their allies. Our client centered treatment is designed to empower, inform and provide a platform for healing and growth.

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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 (2022)

Revenue Breakdown

Contributions & Grants $341,542

Program Service Revenue $0

Investment Income $12

Other Revenue $0

TOTAL REVENUE $341,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,190

Fundraising Expenses $43,973

Program Expenses $159,385

Other Expenses $143,540

TOTAL EXPENSES $256,730

Year-over-Year Comparison

	2022	2021	Change
Revenue	$341,554	$178,385	+0.9%
Expenses	$256,730	$229,446	+0.1%
Net Income	$84,824	$-51,061	-2.7%

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

N/A

Employees

N/A

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

Total Directors

$68,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Voors	Treasr/DirFin	20.00	Director	$34,000	$0	$34,000
Chris Holleran	Director Operat	20.00	Director	$34,000	$0	$34,000

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$341,554	$256,730	$152,211	$84,824
2021	$205,583	$102,334	$118,448	$103,249

Queer Life Space Inc