EMI'S COLORFUL FUTURE FOUNDATION EMI'S COLORFUL FUTURE FOUNDATION

EIN: 473191807 501(c)(3) Arts, Culture & Humanities

AMARILLO, TX

Total Revenue
$215,325
Total Expenses
$213,300
Total Assets
$56,660
Net Assets
$56,660
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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
TX
Principal Officer
KIM MCKINNEY
Phone
8063362981
Tax Period
2024-01-01 to 2024-12-31

EMI'S COLORFUL FUTURE FOUNDATION EMI'S COLORFUL FUTURE FOUNDATION, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

SPONSOR, HOST, AND/OR PARTICIPATE IN EVENTS THAT PROMOTE THE TEXAS SCOTTISH RITE HOSPITAL FOR CHILDREN. THE MAJORITY OF FUNDS ARE RAISED THROUGH A SPORT CLAY SHOOTING EVENT HELD YEARLY.

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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 $137,718
Program Service Revenue $0
Investment Income $0
Other Revenue $77,607
TOTAL REVENUE $215,325

Expense Breakdown

Grants Paid $213,300
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $213,300
Other Expenses $0
TOTAL EXPENSES $213,300

Year-over-Year Comparison

2024 2023 Change
Revenue $215,325 $307,264 -0.3%
Expenses $213,300 $287,550 -0.3%
Net Income $2,025 $19,714 -0.9%
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
11
Independent Members
11
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE BRISENO DIRECTOR 5.00
Director
$0 $0 $0
SHAWN BROWN DIRECTOR 5.00
Director
$0 $0 $0
MITCH HUTCHENS DIRECTOR 5.00
Director
$0 $0 $0
ALONDRA MEXEUIERO DIRECTOR 5.00
Director
$0 $0 $0
HEATHER PEOPLES DIRECTOR 5.00
Director
$0 $0 $0
BEKAH SCHOOLER DIRECTOR 5.00
Director
$0 $0 $0
AUSTIN VOYLES DIRECTOR 5.00
Director
$0 $0 $0
SHANE WOODWARD DIRECTOR 5.00
Director
$0 $0 $0
JUSTIN GLEGHOM PRESIDENT 5.00
Officer
$0 $0 $0
KIM MCKINNEY TREASURER 5.00
Officer
$0 $0 $0
CYNTHIA WILLIAMS SECRETARY 5.00
Officer
$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 $215,325 $213,300 $56,660 $2,025
2023 $307,264 $287,550 $47,998 $19,714
2022 $288,185 $267,162 $28,284 $21,023
2021 $243,654 $211,655 $39,260 $31,999
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