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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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

INNOVATIVE SOLUTIONS TO YOUTH HOMELESSNESS THAT FOCUS ON THE EXPERIENCES OF LGBTQ YOUNG PEOPLE

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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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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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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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