WOMEN OF COLOR FOUNDATION

EIN: 020743542 501(c)(3) Education

CLEVELAND, OH

Total Revenue
$284,642
Total Expenses
$283,827
Total Assets
$72,061
Net Assets
$-26,425
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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
2005
Legal Domicile
OH
Principal Officer
ALEXANDRIA JOHNSON BOONE
Tax Period
2023-01-01 to 2023-12-31

WOMEN OF COLOR FOUNDATION, founded in 2005, is a small nonprofit in the Education sector that reported $285K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO TRAIN, EDUCATE AND MOTIVATE WOMEN

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $83,449
Program Service Revenue $201,193
Investment Income $0
Other Revenue $0
TOTAL REVENUE $284,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,154
Fundraising Expenses $0
Program Expenses $142,174
Other Expenses $264,673
TOTAL EXPENSES $283,827

Year-over-Year Comparison

2023 2022 Change
Revenue $284,642 $239,604 +0.2%
Expenses $283,827 $305,357 -0.1%
Net Income $815 $-65,753 -1.0%
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

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Governance

Voting Members
23
Independent Members
N/A
Employees
1
Volunteers
10

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
1
$52,034
Total Directors
23
$52,034
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDRIA JOHNSON BOONE CHAIRWOMAN & FOUNDER 5.00
Officer Director
$52,034 $0 $52,034
PAMELA MARSHALL HOLMES BOARD MEMBER 0.50
Director
$0 $0 $0
MICHELLE URQUHART BOARD MEMBER 0.50
Director
$0 $0 $0
ARIANE KIRKPATRICK BOARD MEMBER 0.50
Director
$0 $0 $0
ERICA MERRITT BOARD MEMBER 0.50
Director
$0 $0 $0
TRACY BEAN OLIVER BOARD MEMBER 0.50
Director
$0 $0 $0
SHEILA M WRIGHT BOARD MEMBER 0.50
Director
$0 $0 $0
YOLANDA ARMSTRONG BOARD MEMBER 0.50
Director
$0 $0 $0
MARGARET MITCHELL BOARD MEMBER 0.50
Director
$0 $0 $0
PHYLLIS HARRIS BOARD MEMBER 0.50
Director
$0 $0 $0
RACHAEL D SAMPSON BOARD MEMBER 0.50
Director
$0 $0 $0
DALITHIA C SMITH BOARD MEMBER 0.50
Director
$0 $0 $0
BELVA DENMARK-TIBBS BOARD MEMBER 0.50
Director
$0 $0 $0
NANCELLA WILSON HARRIS BOARD MEMBER 0.50
Director
$0 $0 $0
LE JOYCE K NAYLOR BOARD MEMBER 0.50
Director
$0 $0 $0
CHARMAINE D BROWN BOARD MEMBER 0.50
Director
$0 $0 $0
LORNA WISHAM BOARD MEMBER 0.50
Director
$0 $0 $0
DR JACKLYN A CHISHOLM BOARD MEMBER 0.50
Director
$0 $0 $0
TAMMY MOORE CONEY BOARD MEMBER 0.50
Director
$0 $0 $0
RENITA L JEFFERSON BOARD MEMBER 0.50
Director
$0 $0 $0
MELTRICE D SHARP BOARD MEMBER 0.50
Director
$0 $0 $0
KATHRYN M HALL BOARD MEMBER 0.50
Director
$0 $0 $0
MARSHA MOCKABEE BOARD MEMBER 0.50
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 No data No data No data No data
2023 $284,642 $283,827 $72,061 $815
2022 $239,604 $305,357 $73,087 $-65,753
2021 $250,376 $191,216 $85,916 $59,160
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