PROVINCETOWN LGBT CENTER INC (EIN 821999105) - 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

2017

Legal Domicile

Principal Officer

FRED LATASA-NICKS

Phone

5084872313

Tax Period

2023-10-01 to 2024-09-30

PROVINCETOWN LGBT CENTER INC, founded in 2017, is a micro nonprofit in the Human Services sector that reported $2K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $23K exceeded revenue, resulting in a 1223% operating deficit.

Mission

THE LGBT CENTER OF PROVINCETOWN WORKS TO SUSTAIN A COMMUNITY WHERE LGBT PEOPLE THRIVE.

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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 $1,692

Program Service Revenue $0

Investment Income $27

Other Revenue $0

TOTAL REVENUE $1,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $22,736

TOTAL EXPENSES $22,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,719	$860	+1.0%
Expenses	$22,736	$3,519	+5.5%
Net Income	$-21,017	$-2,659	+6.9%

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

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
FRED LATASA-NICKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID YATES	TREASURER	2.00	Officer Director	$0	$0	$0
MATT VERGE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JILL ROTHENBERG-SIMMONS	CLERK	2.00	Officer Director	$0	$0	$0
COURTNEY PAULSEN-MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
ERIC LESH	DIRECTOR	2.00	Director	$0	$0	$0
STEFAN PISCATELLI	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HARTLEY	DIRECTOR	2.00	Director	$0	$0	$0
JILL BOTTWAY	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	$1,719	$22,736	$17,738	$-21,017
2022	$591	$2,631	$36,811	$-2,040
2021	$39,795	$28,440	$37,650	$11,355
2020	$34,681	$23,262	$25,012	$11,419
2018	$35,475	$74,485	$3,331	$-39,010

PROVINCETOWN LGBT CENTER INC