COLOUR OF MUSIC (EIN 464454508) - 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

2015

Legal Domicile

Principal Officer

LEE PRINGLE

Phone

8439911035

Tax Period

2023-01-01 to 2023-12-31

COLOUR OF MUSIC, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE DISTINCTIVE, EXTRAORDINARY OPPORTUNITIES FOR COMPOSERS, MUSICIANS, AND VOCALISTS OF AFRICAN DESCENT TO PRESENT A WIDE-RANGING REPERTOIRE OF CLASSICAL MUSIC TO THE PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,079,028

Program Service Revenue $21,468

Investment Income $7

Other Revenue $0

TOTAL REVENUE $1,100,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,700

Fundraising Expenses $49,242

Program Expenses $1,021,932

Other Expenses $1,038,643

TOTAL EXPENSES $1,115,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,100,503	$1,184,430	-0.1%
Expenses	$1,115,343	$919,977	+0.2%
Net Income	$-14,840	$264,453	-1.1%

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

N/A

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

$76,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDELL LUCAS	INTERIM CHAI	2.00	Officer Director	$0	$0	$0
ALPHONSO BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL WALKER BRIDGES MD	DIRECTOR	1.00	Director	$0	$0	$0
BERT PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
JULIE-ELLEN DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
DR LYNNE DIGGS	DIRECTOR	1.00	Director	$0	$0	$0
LEE PRINGLE	ARTISTIC DIR	40.00	Officer	$76,700	$0	$76,700

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	No data	No data	No data	No data
2023	$1,100,503	$1,115,343	$10,277	$-14,840
2022	$1,184,430	$919,977	$24,995	$264,453
2021	$684,446	$717,362	$105,703	$-32,916
2020	$158,483	$160,332	$76,456	$-1,849

COLOUR OF MUSIC