Maryland Lgbtq Chamber of Commerce Inc
Nonprofit profile at a glance
- EIN
- 812923454
- IRS 990-EZ coverage
- 2018–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2017
- Location
- Baltimore, MD, USA
- Phone
- 4432267043
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $115,861
- Expenses
- $140,695
- Assets
- $67,840
- Liabilities
- $11,166
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- RICHARD ADAMS (PRESIDENT)
- DEAN FALZONE (VICE PRESIDENT)
People named in this filing
- RICHARD ADAMS (PRESIDENT)
- DEAN FALZONE (VICE PRESIDENT)
- KRISTOFF BANNIES (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Empower and promote lgbt+ professionals in the Maryland marketplace through education, networking and advocacy.
What it reported doing in 2023
Events for member and non-member professional education and enrichment
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 82
- Sustainability: 24
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33.6%; rating input score 34
- Program expense ratio: 27.7%; rating input score 28
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -21.4%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 8.5% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: -4.4% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 33.6% of revenue deployed · 27.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $39K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2018 to 2023
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.