GREATER HOUSTON LESBIAN GAY BISEXUAL TRANSGENDER CHAMBER OF COM

EIN: 811341289 Community Improvement

HOUSTON, TX

Total Revenue
$669,266
Total Expenses
$703,581
Total Assets
$201,969
Net Assets
$201,969
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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
2016
Legal Domicile
TX
Principal Officer
TAMMI WALLACE
Phone
8325103002
Tax Period
2023-01-01 to 2023-12-31

GREATER HOUSTON LESBIAN GAY BISEXUAL TRANSGENDER CHAMBER OF COM, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $669K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE GREATER HOUSTON LGBT CHAMBER OF COMMERCE IS TO ACHIEVE EQUALITY THROUGH ECONOMIC DEVELOPMENT AND ADVOCACY.

Program Service Accomplishments

Program 1

PERIODIC MEMBERSHIP MEETINGS, NETWORK MIXERS AND MEMBERSHIP DIRECTORY, ETC.

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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 $100,912
Program Service Revenue $564,050
Investment Income $0
Other Revenue $4,304
TOTAL REVENUE $669,266

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $703,581
TOTAL EXPENSES $703,581

Year-over-Year Comparison

2023 2022 Change
Revenue $669,266 $540,610 +0.2%
Expenses $703,581 $461,873 +0.5%
Net Income $-34,315 $78,737 -1.4%
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
6
Independent Members
5
Employees
N/A
Volunteers
35

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
4
$146,000
Total Directors
6
$146,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAMMI WALLACE PRESIDENT AN 60.00
Officer Director
$146,000 $0 $146,000
SHENICE BROWN BOARD CHAIR 4.00
Officer Director
$0 $0 $0
THOMAS LOPEZ BOARD VICE C 2.00
Officer Director
$0 $0 $0
TIFFANY TOSH BOARD SECRET 4.00
Officer Director
$0 $0 $0
STEPHEN MIRANDA AT LARGE DIR 2.00
Director
$0 $0 $0
JASON ROCHA AT LARGE DIR 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 $669,266 $703,581 $201,969 $-34,315
2022 $540,610 $461,873 $236,284 $78,737
2021 $235,293 $219,553 $157,547 $15,740
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