TRUE COLORS UNITED INC

EIN: 452489069 501(c)(3) Civil Rights & Advocacy

NEW YORK, NY

Total Revenue
$3,434,660
Total Expenses
$4,002,076
Total Assets
$105,800
Net Assets
$3,796
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DE
Principal Officer
ANN OLIVA
Phone
2124614401
Tax Period
2024-01-01 to 2024-12-31

TRUE COLORS UNITED INC, founded in 2010, is a community nonprofit in the Civil Rights & Advocacy sector that reported $3.4M in total revenue in fiscal year 2024. Expenses of $4.0M exceeded revenue, resulting in a 17% operating deficit.

Mission

TRUE COLORS UNITED IMPLEMENTS INNOVATIVE SOLUTIONS TO YOUTH HOMELESSNESS THAT FOCUS ON THE UNIQUE EXPERIENCES OF LGBTQ YOUNG PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $1,593,360

ADVOCACY: TRUE COLORS UNITED WORKS IN WASHINGTON D.C. AND STATE CAPITOLS AROUND THE COUNTRY TO GIVE LGBTQ YOUTH EXPERIENCING HOMELESSNESS A VOICE IN GOVERNMENT AND TO ENSURE STRONG PUBLIC POLICY IS...

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ADVOCACY: TRUE COLORS UNITED WORKS IN WASHINGTON D.C. AND STATE CAPITOLS AROUND THE COUNTRY TO GIVE LGBTQ YOUTH EXPERIENCING HOMELESSNESS A VOICE IN GOVERNMENT AND TO ENSURE STRONG PUBLIC POLICY IS IN PLACE SO THAT VITAL SOCIAL SERVICES ARE PROPERLY FUNDED AND LGBTQ+ AND BIPOC YOUTH ARE PROTECTED. PROJECTS INCLUDE THE ADMINISTRATIVE PUBLIC POLICY PROJECT, LEGISLATIVE PUBLIC POLICY PROJECT, AND THE STATE INDEX ON YOUTH HOMELESSNESS. TRUE COLORS UNITED ALSO WORKS TO INSPIRE, ENGAGE, AND EMPOWER THE PUBLIC TO GET INVOLVED IN ENDING HOMELESSNESS AMONG LGBTQ+ AND BIPOC YOUTH AND CREATE A WORLD IN WHICH THEY CAN BE THEIR TRUE SELVES. PROJECTS INCLUDE #TRUECOLORSDAY AND THE SAFE HOME CAMPAIGN WITH THE UNITED NATIONS HUMAN RIGHTS OFFICE.

Program 2
Expenses: $1,239,658

TECHNICAL ASSISTANCE: TRUE COLORS UNITED PROVIDES TECHNICAL ASSISTANCE TO COMMUNITIES ON BUILDING SYSTEM-LEVEL RESPONSES TO YOUTH HOMELESSNESS THAT PROVIDE MEANINGFUL OPPORTUNITIES FOR YOUNG PEOPLE...

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TECHNICAL ASSISTANCE: TRUE COLORS UNITED PROVIDES TECHNICAL ASSISTANCE TO COMMUNITIES ON BUILDING SYSTEM-LEVEL RESPONSES TO YOUTH HOMELESSNESS THAT PROVIDE MEANINGFUL OPPORTUNITIES FOR YOUNG PEOPLE TO LEAD AT THE LOCAL LEVEL. THE TECHNICAL ASSISTANCE DEPARTMENT WORKS WITH COMMUNITIES THAT HAVE BEEN AWARDED HUD'S YOUTH HOMELESSNESS DEMONSTRATION PROGRAM FUNDING TO SUPPORT THEM IN DEVELOPING A STRONG ACTION PLAN FOR YOUTH COLLABORATION ALONGSIDE FEDERAL PROJECT FUNDING FOR YOUTH SERVICES WHILE BUILDING THEIR COMPETENCIES IN LGBTQ+ AND RACIAL EQUITY.

Program 3
Expenses: $593,087

TRAINING AND EDUCATION: TRUE COLORS UNITED WORKS WITH COMMUNITIES AND SERVICE PROVIDERS, SUCH AS SHELTERS, TRANSITIONAL LIVING PROGRAMS, AND OTHER PUBLIC AND PRIVATE HOUSING AND HOMELESSNESS...

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TRAINING AND EDUCATION: TRUE COLORS UNITED WORKS WITH COMMUNITIES AND SERVICE PROVIDERS, SUCH AS SHELTERS, TRANSITIONAL LIVING PROGRAMS, AND OTHER PUBLIC AND PRIVATE HOUSING AND HOMELESSNESS AGENCIES, TO ENSURE LGBTQ+ AND BIPOC YOUTH EXPERIENCING HOMELESSNESS HAVE ACCESS TO THE INCLUSIVE AND AFFIRMING SERVICES THEY NEED. TRUE COLORS UNITED DEVELOPS RESOURCES TO PROVIDE EDUCATION AND TRAINING TO SERVICE PROVIDERS ABOUT LGBTQ+ IDENTITY, DISCRIMINATION, RACIAL EQUITY, YOUTH COLLABORATION, AND PROJECT MANAGEMENT. THESE RESOURCES INCLUDE THE EQUITY HUB, ONLINE LEARNING COMMUNITY, DIGITAL TOOLKITS, VIDEO TRAININGS, AND OTHER SAFE SPACE TOOLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,307,176
Program Service Revenue $0
Investment Income $3,606
Other Revenue $123,878
TOTAL REVENUE $3,434,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,551,043
Fundraising Expenses $190,625
Program Expenses $3,461,711
Other Expenses $1,451,033
TOTAL EXPENSES $4,002,076

Year-over-Year Comparison

2024 2023 Change
Revenue $3,434,660 $3,386,191 +0.0%
Expenses $4,002,076 $6,185,291 -0.4%
Net Income $-567,416 $-2,799,100 -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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Governance

Voting Members
7
Independent Members
7
Employees
31
Volunteers
7

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
5
$261,787
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN OLIVA DIRECTOR & PRESIDENT (FROM 5.00
Officer Director
$0 $0 $0
JOSEPH AVALLONE VICE-PRESIDENT & TREASURER 5.00
Officer Director
$0 $0 $0
PATRICK POCKLINGTON SECRETARY 5.00
Officer Director
$0 $0 $0
JASMINE HAYES DIRECTOR 3.00
Director
$0 $0 $0
MONIQUE KING-VIEHLAND DIRECTOR 3.00
Director
$0 $0 $0
PRESTON MITCHUM DIRECTOR 3.00
Director
$0 $0 $0
SARA RAMIREZ DIRECTOR 3.00
Director
$0 $0 $0
FRANCIS DYLAN WAGUESPACK CHIEF EXECUTIVE OFFICER 40.00
Officer
$110,525 $18,641 $129,166
KAHLIB BARTON CHIEF PROGRAMS OFFICER 40.00
Officer
$112,725 $19,896 $132,621
MORGAN JENKINS CHIEF OPERATING OFFICER 40.00
Highest
$155,755 $2,601 $158,356
RYAN WHITE CHIEF STRATEGY OFFICER 40.00
Highest
$125,667 $14,016 $139,683
JEFFREY KATZ SENIOR DIRECTOR OF DEVELOPMENT 40.00
Highest
$114,046 $15,339 $129,385
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 $3,434,660 $4,002,076 $105,800 $-567,416
2023 $3,386,191 $6,185,291 $533,802 $-2,799,100
2022 $5,232,970 $4,130,680 $4,732,629 $1,102,290
2021 $3,601,465 $2,730,654 $3,413,319 $870,811
2020 $3,381,190 $2,650,042 $2,573,277 $731,148
2019 $2,309,709 $2,441,452 $1,870,054 $-131,743
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