SMYAL Inc (EIN 521394900) - 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

1984

Legal Domicile

Principal Officer

Erin Whelan

Phone

2025465940

Tax Period

2024-01-01 to 2024-12-31

SMYAL Inc, founded in 1984, is a community nonprofit in the Human Services sector that reported $5.1M in total revenue in fiscal year 2024.

Mission

SMYAL supports and empowers LGBTQ+ youth ages 6 through 24. Since 1984, SMYAL has worked to meet the needs of LGBTQ+ youth through affirming programs, housing support, accessible mental health services, leadership training, and community outreach.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,216,187

Program Service Revenue $4,950

Investment Income $80,335

Other Revenue $-186,336

TOTAL REVENUE $5,115,136

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $3,359,972

Fundraising Expenses $131,661

Program Expenses $4,676,137

Other Expenses $1,749,357

TOTAL EXPENSES $5,139,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,115,136	$5,334,619	0.0%
Expenses	$5,139,329	$4,947,534	+0.0%
Net Income	$-24,193	$387,085	-1.1%

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

Employees

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

$234,897

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lamar Braithwaite	President	5.00	Officer Director	$0	$0	$0
Billy Fettweis	Vice President	5.00	Officer Director	$0	$0	$0
Milla Sanes	Treasurer	5.00	Officer Director	$0	$0	$0
Lisa Manley	Secretary	5.00	Officer Director	$0	$0	$0
Alexis Early	Board Member	5.00	Director	$0	$0	$0
Ari Shapiro	Board Member	5.00	Director	$0	$0	$0
Chelsea Ruediger	Board Member	5.00	Director	$0	$0	$0
Edward Sepe	Board Member	5.00	Director	$0	$0	$0
Gina Goodenow	Board Member	5.00	Director	$0	$0	$0
Javier Aquino	Board Member	5.00	Director	$0	$0	$0
Joaquin Tamayo	Board Member	5.00	Director	$0	$0	$0
Judson Wood	Board Member	5.00	Director	$0	$0	$0
Laura Fraher	Board Member	5.00	Director	$0	$0	$0
Rob Cogorno	Board Member	5.00	Director	$0	$0	$0
Sharon Davis	Board Member	5.00	Director	$0	$0	$0
Erin Whelan	Executive Director	40.00	Officer	$213,063	$21,834	$234,897
Brittni Dash	Director of Clinical Services	40.00	Highest	$126,207	$16,633	$142,840
Jason Laney	Director of Development	40.00	Highest	$120,515	$13,347	$133,862
Tim Saxton	Director of Operations & HR	40.00	Highest	$126,507	$12,158	$138,665

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	$5,115,136	$5,139,329	$2,979,421	$-24,193
2023	$5,334,619	$4,947,534	$3,084,082	$387,085
2022	$4,569,751	$4,114,436	$3,445,272	$455,315
2021	$3,493,887	$2,999,780	$1,925,098	$494,107
2020	$2,459,938	$2,309,433	$1,550,655	$150,505
2019	$1,988,080	$1,657,637	$1,478,809	$330,443
2018	$1,527,642	$1,331,281	$825,626	$196,361

SMYAL Inc