Greater Seattle Business Associati… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

Ilona Lohrey

Phone

2063639188

Tax Period

2024-01-01 to 2024-12-31

Greater Seattle Business Association, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

To combine business development, leadership and social action to expand economic opportunities for the lesbian, gay, bisexual, transgender, and queer community and those who support equality for all.

Program Service Accomplishments

Program 1

Community outreach, training through small business grants and capitol. GSBA often works in coalition with a wide array of community partners to advance the views of our members, the LGBTQ+...

Community outreach, training through small business grants and capitol. GSBA often works in coalition with a wide array of community partners to advance the views of our members, the LGBTQ+ community, and small businesses.

Program 2

Business development (includes business literacy and business academic programs). GSBA offers one-on-one consulting services with our skilled advisers who bring decades of experience and a deep...

Business development (includes business literacy and business academic programs). GSBA offers one-on-one consulting services with our skilled advisers who bring decades of experience and a deep understanding of the unique challenges and opportunities facing the LGBTQ+ and allied businesses.

Program 3

Outreach and membership services (includes communications, policy, networking events) empowering our members to expand their social circle and exchange ideas by offering regular events, roundtables, and workshops to network with some of the brightest minds in Washington's LGBTQ+ and gender-expansive communities. GSBA advocates for policies to benefit our members and community at city, regional, state, and federal levels.

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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 $1,412,645

Program Service Revenue $695,886

Investment Income $33,702

Other Revenue $25,945

TOTAL REVENUE $2,168,178

Expense Breakdown

Grants Paid $20,960

Salaries & Benefits $1,785,454

Fundraising Expenses $0

Other Expenses $421,932

TOTAL EXPENSES $2,228,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,168,178	$2,146,363	+0.0%
Expenses	$2,228,346	$2,077,660	+0.1%
Net Income	$-60,168	$68,703	-1.9%

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

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

$321,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ilona Lohrey	President & CEO	20.00	Officer	$173,412	$11,486	$184,898
Rachel Chernin	VP Operations	20.00	Officer	$126,509	$10,486	$136,995
Christopher Marcacci	Deputy Director	20.00		$107,515	$5,986	$113,501
Eve Hwang	Chair	5.00	Officer Director	$0	$0	$0
Roby Schapira	Vice Chair	5.00	Officer Director	$0	$0	$0
Jordie Neth	Treasurer	3.00	Officer Director	$0	$0	$0
Susan Fuller	Secretary	5.00	Officer Director	$0	$0	$0
Eli Allison	Director	2.00	Director	$0	$0	$0
David Blandford	Director	2.00	Director	$0	$0	$0
Christopher Canlas	Director	2.00	Director	$0	$0	$0
Carrie Carson	Director	5.00	Director	$0	$0	$0
Leda Chahim	Director	2.00	Director	$0	$0	$0
Danny Cords	Director	2.00	Director	$0	$0	$0
Linda Di Lello-Morton	Director	2.00	Director	$0	$0	$0
Roz Edison	Director	2.00	Director	$0	$0	$0
Jenny Harding	Director	2.00	Director	$0	$0	$0
Hayden Harvey	Director	2.00	Director	$0	$0	$0
Andrew Held	Director	2.00	Director	$0	$0	$0
James Hing	Director	2.00	Director	$0	$0	$0
Carole Lockhart	Director	2.00	Director	$0	$0	$0
Jaimee Marsh	Director	1.00	Director	$0	$0	$0
Mike Novasio	Director	2.00	Director	$0	$0	$0
Dustin O'Quinn	Director	2.00	Director	$0	$0	$0
Karen Olson	Director	2.00	Director	$0	$0	$0
Nat Stratton-Clarke	Director	2.00	Director	$0	$0	$0
Andrew Wilson	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	$2,168,178	$2,228,346	$1,909,017	$-60,168
2023	$2,146,363	$2,077,660	$2,001,412	$68,703
2022	$2,433,405	$2,409,551	$2,064,486	$23,854
2021	$1,902,553	$1,715,410	$1,913,505	$187,143
2020	$2,432,623	$1,851,897	$1,729,596	$580,726
2019	$2,073,458	$2,005,876	$1,184,774	$67,582
2018	$1,750,663	$1,718,331	$1,117,103	$32,332

Greater Seattle Business Association