Queer Power Alliance (EIN 824163307) - 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

2018

Legal Domicile

Principal Officer

Taylor Farley

Phone

2063956658

Tax Period

2024-01-01 to 2024-12-31

Queer Power Alliance, founded in 2018, is a small nonprofit in the Human Services sector that reported $461K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $401K left a modest 13% surplus.

Mission

To build power among LGBTQIA communities and allies in Washington State to achieve economic, racial, and gender justice. We educate and advocate, build grassroots leadership and community organizing in solidarity with marginalized communities. Our work identifies commonalities within different racial, economic, and gendered communities and uses those intersections to make us all stronger as we fight for justice.

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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 $466,613

Program Service Revenue $0

Investment Income $11

Other Revenue $-5,575

TOTAL REVENUE $461,049

Expense Breakdown

Grants Paid $146,025

Salaries & Benefits $157,106

Fundraising Expenses $14,576

Program Expenses $319,283

Other Expenses $90,724

TOTAL EXPENSES $401,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,049	$524,633	-0.1%
Expenses	$401,095	$481,691	-0.2%
Net Income	$59,954	$42,942	+0.4%

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

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

$99,352

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Taylor Farley	Executive Director	40	Officer	$87,175	$12,177	$99,352
Lois Thetford	Board Chair	1	Officer Director	$0	$0	$0
Barry Johson	Treasurer	1	Officer Director	$0	$0	$0
Andrew Ashiofu	Director	1	Director	$0	$0	$0
Joseph Seia	Director	1	Director	$0	$0	$0
Michael Hanrahan	Director	1	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	$461,049	$401,095	$124,291	$59,954
2023	$524,633	$481,691	$86,860	$42,942
2021	$285,386	$286,530	$171,809	$-1,144
2020	$242,810	$203,020	$174,525	$39,790

Queer Power Alliance