TRUE COLORS INC SEXUAL MINORITY YOUTH AND FAMILY SERVICES OF CT (EIN 061537001) - 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

1998

Legal Domicile

Principal Officer

EVELYN MANTILLA

Phone

8602320050

Tax Period

2020-01-01 to 2020-12-31

TRUE COLORS INC SEXUAL MINORITY YOUTH AND FAMILY SERVICES OF CT, founded in 1998, is a small nonprofit that reported $461K in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $562K exceeded revenue, resulting in a 22% operating deficit.

Mission

TRUE COLORS MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) YOUTH.

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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 (2020)

Revenue Breakdown

Contributions & Grants $413,330

Program Service Revenue $47,766

Investment Income $71

Other Revenue $0

TOTAL REVENUE $461,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,391

Fundraising Expenses $16,745

Program Expenses $504,728

Other Expenses $238,133

TOTAL EXPENSES $561,524

Year-over-Year Comparison

	2020	2019	Change
Revenue	$461,167	$630,078	-0.3%
Expenses	$561,524	$559,316	+0.0%
Net Income	$-100,357	$70,762	-2.4%

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

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
ELENA GERVINO	DIRECTOR	N/A	Director	$0	$0	$0
SARAH GILBERT	DIRECTOR	N/A	Director	$0	$0	$0
EVELYN LAUREANO	SECRETARY	N/A	Officer Director	$0	$0	$0
EVELYN MANTILLA	PRESIDENT	N/A	Officer Director	$0	$0	$0
DONALD PEDAGAST	DIRECTOR	N/A	Director	$0	$0	$0
SHANE SCOTT	DIRECTOR	N/A	Director	$0	$0	$0
TYRONE WALKER	TREASURER	N/A	Officer Director	$0	$0	$0
ART WEBSTER	DIRECTOR	N/A	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
2020	$461,167	$561,524	$183,833	$-100,357
2019	$630,078	$559,316	$289,698	$70,762
2018	$604,614	$630,842	$219,817	$-26,228

TRUE COLORS INC SEXUAL MINORITY YOUTH AND FAMILY SERVICES OF CT