GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE FOUNDATION

EIN: 472725448 501(c)(3) Philanthropy & Grantmaking

DALLAS, TX

Total Revenue
$43,769
Total Expenses
$49,193
Total Assets
$128,130
Net Assets
$128,130
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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
2015
Legal Domicile
TX
Principal Officer
ANTHONY P VEDDA
Phone
2148214528
Tax Period
2023-01-01 to 2023-12-31

GAY LESBIAN BISEXUAL TRANSGENDER CHAMBER OF COMMERCE FOUNDATION, founded in 2015, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $44K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $49K exceeded revenue, resulting in a 12% operating deficit.

Mission

The GLBT Chamber of Commerce Foundation develops leaders in the LGBTQ+ community. The Foundation provides education scholarships and produces an annual nine-month leadership development program.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $70,654
Program Service Revenue $-4,100
Investment Income $0
Other Revenue $-22,785
TOTAL REVENUE $43,769

Expense Breakdown

Grants Paid $22,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,362
Other Expenses $26,693
TOTAL EXPENSES $49,193

Year-over-Year Comparison

2023 2022 Change
Revenue $43,769 $72,810 -0.4%
Expenses $49,193 $50,774 0.0%
Net Income $-5,424 $22,036 -1.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
80

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLEY HUNTER Director 2.00
Director
$0 $0 $0
CLINT THOMSON Director 2.00
Director
$0 $0 $0
SUZANNE BUTLER Treasurer 2.00
Officer Director
$0 $0 $0
JACOB KRYSIAK Director 2.00
Director
$0 $0 $0
STEPHEN LEWIS Director 2.00
Director
$0 $0 $0
SCOTT CARNES chair elect 2.00
Officer Director
$0 $0 $0
GERARDO SANCHEZ past Chairman 2.00
Officer Director
$0 $0 $0
RACHEL WOLF Chairman 2.00
Officer Director
$0 $0 $0
ARMANDO GONZALEZ Secretary 2.00
Officer Director
$0 $0 $0
ARMANDO RAMIREZ Director 2.00
Director
$0 $0 $0
JOLI ROBINSON Director 2.00
Director
$0 $0 $0
JUSTIN WILLIAMS Director 2.00
Director
$0 $0 $0
CLARK DAVIS Director 2.00
Director
$0 $0 $0
KEVIN WILLIAMS Director 2.00
Director
$0 $0 $0
KEVIN MCKEEVER Director 2.00
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 $43,769 $49,193 $128,130 $-5,424
2022 $72,810 $50,774 $133,557 $22,036
2021 $85,083 $35,485 $104,521 $49,598
2020 $36,048 $164,186 $55,868 $-128,138
2019 $207,852 $37,971 $184,005 $169,881
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