Detroit Regional LGBT Chamber of Commerce (EIN 464285364) - 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

KEVIN T HEARD

Phone

3136733001

Tax Period

2019-01-01 to 2019-12-31

Detroit Regional LGBT Chamber of Commerce, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $35K in total revenue in fiscal year 2019. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $17K, a strong 50% operating margin.

Mission

Provide Support to LGBTQ Businesses and Allies

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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 (2019)

Revenue Breakdown

Contributions & Grants $34,737

Program Service Revenue $2,316

Investment Income $0

Other Revenue $-2,167

TOTAL REVENUE $34,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,638

Other Expenses $17,545

TOTAL EXPENSES $17,545

Year-over-Year Comparison

	2019	2018	Change
Revenue	$34,886	$41,030	-0.1%
Expenses	$17,545	$25,930	-0.3%
Net Income	$17,341	$15,100	+0.1%

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

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
KEVIN T HEARD	President	15.00	Officer	$0	$0	$0
BRIAN DEREY	Director	5.000	Officer	$0	$0	$0
JAN STEVENSON	Vice President	5.000	Officer	$0	$0	$0
LILLIAN LOWERY	Director	2.000	Director	$0	$0	$0
WILLIAM CALHOUN	Director	5.000	Director	$0	$0	$0
DIANE R HARBOUR	Treasurer	5.000	Officer	$0	$0	$0
LINDSAY MATSON	Director	5.000	Director	$0	$0	$0
MICHELLE P CROCKETT	Director	5.000	Director	$0	$0	$0
ANGELO REA	Director	5.000	Director	$0	$0	$0
MICHAEL ODOM	Member at Large	1.000		$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
2019	$34,886	$17,545	$50,799	$17,341

Detroit Regional LGBT Chamber of Commerce