TRUE COLORS THEATRE COMPANY (EIN 030456341) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

CHANDRA STEPHENS-ALBRIGHT

Phone

4049055510

Tax Period

2024-08-01 to 2025-07-31

TRUE COLORS THEATRE COMPANY, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 35% operating deficit.

Mission

STAGE LIVE PERFORMANCES FOR THE GENERAL PUBLIC, ARTISTIC RESEARCH AND DEVELOPMENT AND PUBLIC RELATIONS AND PUBLIC EDUCATION SURROUNDING STAGE PERFORMANCES.

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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 $818,292

Program Service Revenue $362,625

Investment Income $47,661

Other Revenue $0

TOTAL REVENUE $1,228,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $591,425

Fundraising Expenses $0

Program Expenses $1,365,430

Other Expenses $1,071,656

TOTAL EXPENSES $1,663,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,228,578	$1,543,295	-0.2%
Expenses	$1,663,081	$1,356,023	+0.2%
Net Income	$-434,503	$187,272	-3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARANIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JIM DUDUKOVICH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ESCOBAR	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY FRIESEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
OMARI HENDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
RODNEY MAYS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHLEIFER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SIMMONS	TREASURER	1.00	Officer Director	$0	$0	$0
LESLIE V WALKER	SECRETARY	1.00	Officer 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
2025	$1,228,578	$1,663,081	$899,629	$-434,503
2024	No data	No data	No data	No data
2023	$1,113,897	$1,663,071	$1,176,325	$-549,174
2022	$1,520,193	$1,785,908	$1,743,511	$-265,715
2021	$1,211,759	$969,009	$1,894,678	$242,750
2020	$1,421,933	$1,209,540	$1,596,300	$212,393
2019	$1,553,130	$1,575,215	$1,268,210	$-22,085
2018	$2,607,585	$1,964,459	$1,277,011	$643,126
2018	$2,607,585	$1,964,459	$1,277,011	$643,126

TRUE COLORS THEATRE COMPANY