Future Colours Corp (EIN 262436761) - 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

2008

Legal Domicile

Principal Officer

Ramona Rachita

Phone

9256728173

Tax Period

2024-01-01 to 2024-12-31

Future Colours Corp, founded in 2008, is a small nonprofit in the Health Care sector that reported $351K in total revenue in fiscal year 2024. Expenses of $336K left a modest 4% surplus.

Mission

THE SPECIFIC PURPOSE OF THIS ORGANIZATION IS TO PROVIDE HEALTH CARE SERVICES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES.

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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 $900

Program Service Revenue $349,663

Investment Income $4

Other Revenue $0

TOTAL REVENUE $350,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,377

Fundraising Expenses $0

Program Expenses $228,614

Other Expenses $220,974

TOTAL EXPENSES $336,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,567	$352,675	0.0%
Expenses	$336,351	$280,795	+0.2%
Net Income	$14,216	$71,880	-0.8%

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

$98,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ramona Rachita	Secretary	40.00	Officer	$98,000	$0	$98,000
Carol Curtiss	Board Member	1.00	Director	$0	$0	$0
John Biasotti	Board Member	1.00	Director	$0	$0	$0
Mike Curtiss	Board Member	1.00	Director	$0	$0	$0
Nedra Biasotti	President	1.00	Officer	$0	$0	$0
Helen Bendoyro	Treasurer	1.00	Officer	$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	$350,567	$336,351	$206,467	$14,216
2023	$352,675	$280,795	$235,743	$71,880
2022	$288,705	$262,035	$222,633	$26,670
2021	$275,574	$257,237	$224,386	$18,337
2020	$257,034	$210,508	$261,240	$46,526
2019	$204,667	$203,958	$230,535	$709

Future Colours Corp