MASSACHUSETTS LGBT CHAMBER OF COMMERCE (EIN 823342211) - 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

JAMES LOPATA

Phone

8575298010

Tax Period

2023-01-01 to 2023-12-31

MASSACHUSETTS LGBT CHAMBER OF COMMERCE, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO CREATE A FULLY INCLUSIVE STATE BY PROMOTING GROWTH OPPORTUNITIES FOR LGBTOWNED AND ALLIED BUSINESSES ORGANIZATIONS AND INDIVIDUALS

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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 $1,363,070

Program Service Revenue $540,241

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,903,311

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $1,148,088

Fundraising Expenses $20,597

Program Expenses $1,719,813

Other Expenses $736,827

TOTAL EXPENSES $1,904,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,903,311	$1,625,602	+0.2%
Expenses	$1,904,915	$1,827,189	+0.0%
Net Income	$-1,604	$-201,587	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LOPATA	PRESIDENT	3.000	Officer Director	$0	$0	$0
NANCY STAGER	TREASURER	3.000	Officer Director	$0	$0	$0
SUSU WONG	CLERK	3.000	Officer Director	$0	$0	$0
ELIZABETH ROBERTS	DIRECTOR	3.000	Director	$0	$0	$0
BENJAMIN PERKINS	DIRECTOR	3.000	Director	$0	$0	$0
KEITH WANG	DIRECTOR	3.000	Director	$0	$0	$0
STEPHEN CHAN	DIRECTOR	N/A	Director	$0	$0	$0
WINELIA RIVERA	DIRECTOR	3.000	Director	$0	$0	$0
ELLA SAMSON	DIRECTOR	3.000	Director	$0	$0	$0
RONALD MOLINA-BRANTLEY	DIRECTOR	3.000	Director	$0	$0	$0
GRACE MORENO	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	$1,903,311	$1,904,915	$258,539	$-1,604
2022	$1,625,602	$1,827,189	$226,409	$-201,587
2021	$1,101,267	$633,437	$469,219	$467,830
2020	$331,152	$530,417	$68,219	$-199,265
2019	$436,639	$541,501	$144,522	$-104,862

MASSACHUSETTS LGBT CHAMBER OF COMMERCE