VALLEY BUSINESS ALLIANCE dba Los A… - 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

1982

Legal Domicile

Principal Officer

Patrick Kirkwood

Phone

8189822650

Tax Period

2024-01-01 to 2024-12-31

VALLEY BUSINESS ALLIANCE dba Los Angeles LGBTQ Chamber of Commerc, founded in 1982, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $299K exceeded revenue, resulting in a 24% operating deficit.

Mission

The Los Angeles LGBTQ Chamber of Commerce increases the economic strength of LGBTQ and allied professionals through business development, leadership, advocacy and visibility

Program Service Accomplishments

Program 1

Members benefited from the business networking opportunities afforded by the Organization's meetings and events as well as the Organization's proactive efforts to present business opportunities for...

Program 2

The LGBTQ Community benefitted directly and indirectly by the business visibility generated by the Organization including the Organization's business directory and website.

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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 $0

Program Service Revenue $241,580

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,859

Fundraising Expenses $0

Other Expenses $174,763

TOTAL EXPENSES $298,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,580	$197,909	+0.2%
Expenses	$298,622	$230,239	+0.3%
Net Income	$-57,042	$-32,330	+0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerrick Holloway	Secretary	10.00	Director	$0	$0	$0
Jessica Reveles	President	10.00	Officer	$0	$0	$0
Adam Ebert	Treasurer	10.00	Officer	$0	$0	$0
Alexander Agent	Vice-President	10.00	Officer	$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	$241,580	$298,622	$150,454	$-57,042
2022	$240,695	$231,096	$239,824	$9,599
2021	$216,649	$116,272	$230,222	$100,377

VALLEY BUSINESS ALLIANCE dba Los Angeles LGBTQ Chamber of Commerc