NEW JERSEY LESBIAN GAY BISEXUAL & TRANSGENDER CHAMBER OF COMMERCE (EIN 463181397) - 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

2013

Legal Domicile

Principal Officer

STEPHEN GARIBELL

Phone

9737788400

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY LESBIAN GAY BISEXUAL & TRANSGENDER CHAMBER OF COMMERCE, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $272K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

HEIGHTEN THE ECONOMIC STRENGTH OF LGBT OWNED, FRIENDLY AND ALLIED BUSINESSES THROUGH LEVERAGING RELATIONSHIPS AND NETWORKING WITH THE LGBT COMMUNITY BY REGULARLY SCHEDULED NETWORKING EVENTS, MEETINGS TO INTRODUCE COMMUNITY LEADERS TO LGBT CHAMBER MEMBERS AND INFORMING MEMBERSHIP OF BUSINESS OPPORTUNITIES IN THE COMMUNITY - BEGAN JUNE 2013, ONGOING. CONDUCTED BY THE BOARD OF DIRECTORS.

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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 $230,034

Program Service Revenue $41,960

Investment Income $0

Other Revenue $0

TOTAL REVENUE $271,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,807

Fundraising Expenses $0

Other Expenses $265,212

TOTAL EXPENSES $271,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$271,994	$176,654	+0.5%
Expenses	$271,019	$228,436	+0.2%
Net Income	$975	$-51,782	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TRAIER	VP - FINANCE	N/A	Officer	$0	$0	$0
STEPHEN GARIBELL	PRESIDENT	N/A	Officer	$0	$0	$0
VICTOR RODRIGUEZ	SECRETARY	N/A	Officer	$0	$0	$0
JACOB MEOLA	DIRECTOR AT	N/A	Officer Director	$0	$0	$0
NOAH O'HARE	VICE PRESIDE	N/A	Officer	$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
2023	$271,994	$271,019	$52,079	$975
2022	$176,654	$228,436	$24,223	$-51,782
2021	$52,533	$41,767	$69,917	$10,766
2020	$33,428	$15,919	$59,155	$17,509
2019	$43,343	$18,506	$41,647	$24,837
2018	$28,030	$24,191	$16,809	$3,839

NEW JERSEY LESBIAN GAY BISEXUAL & TRANSGENDER CHAMBER OF COMMERCE