Of Color Inc (EIN 364840123) - 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

2019

Legal Domicile

Principal Officer

Renita White

Phone

7737279027

Tax Period

2024-01-01 to 2024-12-31

OF COLOR INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $292K in total revenue in fiscal year 2020. The organization ran a surplus of $115K, a strong 39% operating margin.

Mission

To help people of all colors enhance their own economic and educational goals

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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 $2,522,355

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,522,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,706,273

Fundraising Expenses $100,823

Program Expenses $2,129,348

Other Expenses $873,131

TOTAL EXPENSES $2,579,404

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,522,355	$1,756,342	+0.4%
Expenses	$2,579,404	$1,504,195	+0.7%
Net Income	$-57,049	$252,147	-1.2%

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

$154,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Renita White	Executive Director	040.00	Officer	$154,052	$0	$154,052
Melina Higbee	Chair	002.00	Officer Director	$0	$0	$0
Karen Swinger	Vice Chair	002.00	Officer Director	$0	$0	$0
Brenda Duncan	Treasurer	002.00	Officer Director	$0	$0	$0
Dr Camilla Johnson	Secretary	002.00	Officer Director	$0	$0	$0
Sandra Moss	Director	001.00	Director	$0	$0	$0
Tiffany Perkins	Director	001.00	Director	$0	$0	$0
Angela Smith	Director	001.00	Director	$0	$0	$0
Matt Strauss	Director	001.00	Director	$0	$0	$0
Lizzie Harrington	Director	001.00	Director	$0	$0	$0
Cosette Ayele	Director	001.00	Director	$0	$0	$0
Jamie Ricks	Director	001.00	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	$2,522,355	$2,579,404	$599,915	$-57,049
2023	$1,756,342	$1,504,195	$699,529	$252,147
2022	$1,205,065	$1,190,276	$298,296	$14,789
2021	$1,066,481	$1,070,193	$145,954	$-3,712
2020	$292,063	$176,751	$117,125	$115,312

Of Color Inc