Learning In Color Corporation

EIN: 471299723 501(c)(3) Education

Atlanta, GA

Total Revenue
$262,411
Total Expenses
$241,614
Total Assets
$12,464
Net Assets
$-48,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
GA
Principal Officer
Carol A Bowman
Phone
4046326332
Tax Period
2024-01-01 to 2024-12-31

Learning In Color Corporation, founded in 2014, is a small nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $242K left a modest 8% surplus.

Mission

Learning In Color is organized and operated exclusively to provide charitable educational support services in K12 schools to transform the built environment into a creative learning space that increases academic and social emotional learning outcomes. All profits earned go back into the business to extend services and to increase impact.

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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 $151,612
Program Service Revenue $110,799
Investment Income $0
Other Revenue $0
TOTAL REVENUE $262,411

Expense Breakdown

Grants Paid $261
Salaries & Benefits $81,030
Fundraising Expenses $0
Program Expenses $180,621
Other Expenses $160,323
TOTAL EXPENSES $241,614

Year-over-Year Comparison

2024 2023 Change
Revenue $262,411 $171,444 +0.5%
Expenses $241,614 $179,895 +0.3%
Net Income $20,797 $-8,451 -3.5%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
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
1
$81,030
Total Directors
1
$81,030
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carol A Bowman Executive Dir. 25.00
Officer Director
$15,000 $66,030 $81,030
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
2025 No data No data No data No data
2024 $262,411 $241,614 $12,464 $20,797
2024 $262,411 $237,864 $16,214 $24,547
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