Local Color (EIN 473980272) - 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

Erin Salazar

Phone

7606463281

Tax Period

2024-01-01 to 2024-12-31

Local Color, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 4% surplus.

Mission

Local Colors mission is to build equitable pathways for local artists and creatives to thrive. We meet our mission by facilitating equitably paid projects for artists; acquiring and developing affordable workspace for local creatives;(Continued at Schedule O, Note 06.)

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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 (2024)

Revenue Breakdown

Contributions & Grants $932,258

Program Service Revenue $521,975

Investment Income $3

Other Revenue $2,063

TOTAL REVENUE $1,456,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,996

Fundraising Expenses $98,419

Program Expenses $1,033,981

Other Expenses $855,645

TOTAL EXPENSES $1,396,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,456,299	$1,369,194	+0.1%
Expenses	$1,396,296	$641,142	+1.2%
Net Income	$60,003	$728,052	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

100

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

$89,483

Total Directors

$89,483

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Salazar	Executive Director	40.00	Officer Director	$84,455	$5,028	$89,483
Manny Fernandez	Director & Treasurer	4.00	Officer Director	$0	$0	$0
Chad Johnston	Director	4.00	Director	$0	$0	$0
Amanda Hill	Director	4.00	Director	$0	$0	$0
Lisanna Dominguez	Director & President	4.00	Officer Director	$0	$0	$0
Ramiro Torrez	Director	4.00	Director	$0	$0	$0
Antonio Mendoza	Director & Secretary	4.00	Officer Director	$0	$0	$0
Angie Guatemala	Director	4.00	Director	$0	$0	$0
Ella Wesley	Director	4.00	Director	$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	$1,456,299	$1,396,296	$848,256	$60,003
2023	$1,369,194	$641,142	$869,096	$728,052
2022	$653,348	$542,177	$409,428	$111,171
2021	$675,756	$560,585	$363,756	$115,171
2020	$544,490	$487,525	$249,709	$56,965
2019	$399,082	$397,823	$151,326	$1,259
2018	$314,377	$300,943	$103,759	$13,434

Local Color