THE SOURCE LGBT CENTER INC (EIN 811907707) - 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

2016

Legal Domicile

Principal Officer

BRIAN POTH

Phone

5594294277

Tax Period

2023-01-01 to 2023-12-31

THE SOURCE LGBT CENTER INC, founded in 2016, is a community nonprofit in the Civil Rights & Advocacy sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE OBJECTIVES OF THE CORPORATION ARE TO PROMOTE A HEALTHY, SAFE, AND SUPPORTIVE ENVIRONMENT FOR LESBIANS, GAYS, BISEXUALS, TRANSGENDER PEOPLE, AND THEIR FAMILIES AND FRIENDS WITHIN OUR COMMUNITY AND WITHIN THE LARGER COMMUNITIES IN WHICH WE LIVE. THE CORPORATION SERVES AS A COMMUNITY RESOURCE BY THE REFERRAL OF DIRECT PROVISION OF A WIDE VARIETY OF SOCIAL, CULTURAL, HEALTH, AND HUMAN SERVICES THROUGH COMMUNITY OUTREACH, EDUCATION, AND ADVOCACY. THE CORPORATION SEEKS TO ADVANCE A GREATER AWARENESS AND UNDERSTANDING OF ISSUES OF IMPORTANCE TO OUR DIVERSE LESBIAN, GAY, BISEXUAL, TRANSGENDER, ETC., COMMUNITY.

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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 $2,518,903

Program Service Revenue $0

Investment Income $580

Other Revenue $126,444

TOTAL REVENUE $2,645,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $816,666

Fundraising Expenses $433,971

Program Expenses $1,931,374

Other Expenses $1,767,924

TOTAL EXPENSES $2,584,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,645,927	$2,055,188	+0.3%
Expenses	$2,584,590	$1,611,602	+0.6%
Net Income	$61,337	$443,586	-0.9%

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

$115,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN POTH	EXECUTIVE DI	40.00	Director	$115,047	$0	$115,047
KATIA CLARK	DIRECTOR	N/A	Director	$0	$0	$0
ELISSA GIL-GONZALEZ	DIRECTOR	N/A	Director	$0	$0	$0
CORY JAQUES	DIRECTOR	N/A	Director	$0	$0	$0
SANDRA KOCH	DIRECTOR	N/A	Director	$0	$0	$0
RAQUEL LORENZ	DIRECTOR	N/A	Director	$0	$0	$0
CASEY POWNELL	DIRECTOR	N/A	Director	$0	$0	$0
OSVALDO DEL VALLE	DIRECTOR	N/A	Director	$0	$0	$0
JOEL VARGAS	DIRECTOR	N/A	Director	$0	$0	$0
BRETT WOOLMAN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD BURCHETT	SECRETARY	N/A	Officer	$0	$0	$0
BRADLEY RUTLEDGE	CHAIR	N/A	Officer	$0	$0	$0
SERGIO URBANO VICE	VICE-CHAIR	N/A	Officer	$0	$0	$0
CATHERINE WEBB	TREASURER	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
2024	No data	No data	No data	No data
2023	$2,645,927	$2,584,590	$1,846,975	$61,337
2022	$2,055,188	$1,611,602	$1,617,419	$443,586
2022	$2,055,188	$1,611,602	$1,617,419	$443,586
2021	$1,498,081	$1,009,595	$1,199,198	$488,486
2020	$619,898	$574,246	$287,387	$45,652
2019	$407,912	$294,837	$233,004	$113,075
2018	$261,854	$180,665	$126,389	$81,189

THE SOURCE LGBT CENTER INC