Lgbt Life Center

Nonprofit profile at a glance

EIN
541545157
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Norfolk, VA, USA
Phone
7576400929
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
AIDS

Official website

Reported finances

Revenue
$15,163,243
Expenses
$13,998,104
Assets
$7,917,578
Liabilities
$2,722,266

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • STACIE WALLS (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • STACIE WALLS (CHIEF EXECUTIVE OFFICER): $198,167 total reported compensation
  • BRITNEY BREITSCH (DIRECTOR OF FINANCE): $113,600 total reported compensation
  • CORY MOHR (DIRECTOR OF COMMUNICATIONS): $109,923 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lgbt life center is a trusted leader that empowers the lgbtq communities and all people affected by HIV through improving health and wellness, strengthening families and communities, and providing transformative education and advocacy.

What it reported doing in 2024

The 340b pharmacy program is a federal pharmacy program within the office of pharmacy affairs at hrsa. The organization is a "covered entity" within this program and therefore eligible to purchase HIV mediations and sti/prep medications at reduced prices from wholesale manufacturers. The organization contracts with multiple contract pharmacies to dispense medications to eligible clients participating in the program. The 340b program serves as a medication compliance program for medical case managers to monitor medication utilization and sti treatment for eligible patients. All patients are either enrolled in medical case management or care navigation services. The program revenue is utilized to support the infrastructure and programs of the organization.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 82% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.2%; rating input score 82
  • Program expense ratio: 89.1%; rating input score 89
  • Fundraising efficiency: $84.23 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.7%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.57; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 10.6% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 82.2% of revenue deployed · 89.1% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $12.5M in reported program spending
  • Leadership: top reported pay $198K · 13 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $443K reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.