SHENANDOAH LGBTQ CENTER

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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

2019

Principal Officer

ANHTHU NGUYEN

Phone

5404663320

Tax Period

2022-01-01 to 2022-12-31

SHENANDOAH LGBTQ CENTER, founded in 2019, is a small nonprofit that reported $377K in total revenue in fiscal year 2022. Expenses of $415K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE SHENANDOAH LGBTQ CENTER IS A COMMUNITY BASED ORGANIZATION THAT STRENGTHENS THE LGBTQIA+ COMMUNITY THROUGH ADVOCACY, EDUCATION, PROGRAMS, AND SAFE SPACES. WE SUPPORT THESE EFFORTS BY ESTABLISHING RELATIONSHIPS WITH KEY STAKEHOLDERS, BRIDGING COMMUNITY PARTNERSHIPS, AND TRANSFORMING THE HEARTS AND MINDS OF ALL IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $216,005 Revenue: $5,500

HOPE HOUSE OF THE SHENANDOAH HOPE HOUSE OF THE SHENANDOAH IS A PROGRAM OF THE SHENANDOAH LGBTQ CENTER AND VALLEY COMMUNITY SERVICES BOARD, PROVIDING RAPID REHOUSING (RRH) SERVICES FOR UNACCOMPANIED TRANSITION-AGED YOUTH (TAY) BETWEEN THE AGES OF 18-24 IN THE SHENANDOAH VALLEY. THE RRH PROGRAM IS DESIGNED TO ASSIST INDIVIDUALS AND FAMILIES TO QUICKLY TRANSITION OUT OF HOMELESSNESS AND INTO PERMANENT HOUSING WHILE OFFERING SUPPORTIVE CASE MANAGEMENT SERVICES AS NEEDED TO MAINTAIN HOUSING STABILITY. AT THE END OF 2022, HOPE HOUSE SERVED 44 INDIVIDUALS WITH 23 FOLKS SUCCESSFULLY TRANSITIONING INTO PERMANENT STABLE HOUSING.

Program 2

Expenses: $47,387

TWO PHYSICAL LOCATIONS - BOTH THE SHENANDOAH LGBTQ CENTER AND ITS HARRISONBURG VA OUTREACH LOCATION - FRIENDLY CITY SAFE SPACE - SERVE AS AFFIRMING COMMUNITY SPACE, INCLUDING HOSTING DROP-IN HOURS 4 DAYS A WEEK. BOTH LOCATIONS OFFER FREE RESOURCES AND EDUCATION, CLOTHES CLOSET AND RESOURCE LIBRARY. IN ADDITION, BOTH LOCATIONS PROVIDE REGULAR MENTAL HEALTH AND SOCIAL PROGRAMS AIMED AT SUPPORTING THE OVERALL WELLNESS OF THE LGBTQIA+ COMMUNITY ACROSS THE SHENANDOAH VALLEY. AT THE END OF 2022, BOTH LOCATIONS DOCUMENTED OVER 3800 VISITS BY COMMUNITY MEMBERS.

Program 3

Expenses: $43,684

COMMUNITY HEALTH WORKER PROGRAM - IN RESPONSE TO COMMUNITY NEED, THE SHENANDOAH LGBTQ CENTER DEVELOPED AN INAUGURAL COMMUNITY HEALTH WORKER PROGRAM PROVIDING MEDICAL CASE MANAGEMENT, CARE NAVIGATION, AND HEALTH EDUCATION FOR OUR COMMUNITY. BY THE END OF 2022, THE PROGRAM PROVIDED SUPPORT TO 25 CLIENTS WITH PROGRAM SERVICES, EDUCATION OR REERRALS TO AFFIRMING HEALTH CARE PROVIDERS. THE PROGRAM ACCOMPANIED CLIENTS TO 66 HEALTHCARE APPOINTMENTS IN SUPPORT AND ADVOCACY. IN ADDITION, THIS PROGRAM PROVIDED CULTURAL COMPETENCY TRAINING TO OVER 250 LOCAL HEALTH CARE PROVIDERS, ADMINISTRATORS, STAFF, AND COMMUNITY MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $366,672

Program Service Revenue $5,500

Investment Income $-4,451

Other Revenue $9,296

TOTAL REVENUE $377,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,771

Fundraising Expenses $24,978

Program Expenses $307,076

Other Expenses $242,621

TOTAL EXPENSES $415,392

Year-over-Year Comparison

	2022	2021	Change
Revenue	$377,017	N/A	N/A
Expenses	$415,392	N/A	N/A
Net Income	$-38,375	N/A	N/A

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

$50,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL FLOYD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ART LEWIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
AUBREE MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
PAIGE REED	SECRETARY	1.00	Officer Director	$0	$0	$0
CINDI JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
ANHTHU NGUYEN	EXECUTIVE DI	40.00	Officer	$50,000	$0	$50,000
CHRISTOPHER WOOD	PAST PRESIDE	1.00	Director	$0	$0	$0
GARY WILSON	BOARD MEMBER	1.00	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
2022	$377,017	$415,392	$212,088	$-38,375