BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MASSACHUSETTS LGBT BUSINESS NETWORK INC, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $546K in total revenue in fiscal year 2022. Revenue surged 1654% from the prior year, signaling strong growth momentum. The organization ran a surplus of $248K, a strong 45% operating margin.
THE CORPORATION IS ORGANIZED FOR CHARITABLE PURPOSES, INCLUDING WITHOUT LIMITATION, TO FOSTER THE GROWTH OF LGBT ENTERPRISES, TO PROVIDE AND FOSTER EDUCATIONAL PROGRAMS AND TRAINING, TO STRATEGIZE, ADVISE AND MENTOR THESE ENTERPRISES AND INDIVIDUALS, INCLUDING BY, AMONG OTHER THINGS, DISTRIBUTING GRANTS AND MONIES AND PROVIDING FINANCIAL SUPPORT TO LGBT BUSINESS AND BUSINESSPEOPLE IN AND OUTSIDE THE LGBT COMMUNITY AND WITH FINANCING AND INVESTMENT SOURCES, AND IN OTHER WAYS TO HELP THEM SUCCEED AND FLOURISH. THE CORPORATION BELIEVES THAT ITS CHARITABLE AND EDUCATIONAL ACTIVITIES WILL STIMULATE THE ECONOMY IN THE COMMONWEALTH, CREATE JOBS IN AND RETAIN LGBT BUSINESSES IN THE COMMONWEALTH.
THE MA LGBTQ+ BUSINESS NETWORK OFFERED TECHNICAL ASSISTANCE, EDUCATION OPPORTUNITIES, COACHING AND TRAINING TO ALL MEMBERS OF THE MA LGBTQ+ COMMUNITY AND IT'S ALLIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $546,098 | $31,138 | +16.5% |
| Expenses | $298,096 | $113,944 | +1.6% |
| Net Income | $248,002 | $-82,806 | -4.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GRACE MORENO | CEO/DIRECTOR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSIANE MARTINEZ | PRESIDENT/DIRECTOR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MANASSAH BRADLEY | TREASURER/DIRECTOR | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER PINCK | CLERK/DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MALIA C LAZU | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY STAGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $546,098 | $298,096 | $264,494 | $248,002 |
| 2023 | $546,098 | $298,096 | $264,494 | $248,002 |
Compare MASSACHUSETTS LGBT BUSINESS NETWORK INC with other nonprofits in Massachusetts and across the country.