FLYING COLORS OF SUCCESS INC (EIN 521725021) - 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

1991

Legal Domicile

Principal Officer

C MICHAEL HARDESTY

Phone

4108760838

Tax Period

2024-07-01 to 2025-06-30

FLYING COLORS OF SUCCESS INC, founded in 1991, is a community nonprofit in the Mental Health sector that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $915K, a strong 16% operating margin.

Mission

OPERATES GROUP HOMES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

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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 $42,837

Program Service Revenue $5,504,803

Investment Income $182,380

Other Revenue $22,081

TOTAL REVENUE $5,752,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,864,016

Fundraising Expenses $0

Program Expenses $3,720,667

Other Expenses $973,121

TOTAL EXPENSES $4,837,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,752,101	$4,844,100	+0.2%
Expenses	$4,837,137	$3,892,081	+0.2%
Net Income	$914,964	$952,019	0.0%

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

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

$405,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JARKOWIEC	CHAIRMAN	0.50	Officer Director	$0	$0	$0
DAVID L HOGUE	TREASURER	0.50	Officer Director	$0	$0	$0
FRED S HECKER	BOARD MEMBER	0.50	Director	$0	$0	$0
JIM SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
MARITA REYNOLDS	BOARD MEMBER	0.50	Director	$0	$0	$0
C MICHAEL HARDESTY	PRESIDENT/CEO	40.00	Officer	$213,061	$17,388	$230,449
LOU ANN KING	CONTROLLER	32.00	Officer	$168,669	$6,623	$175,292
ANNE WAITE	ADMINISTRATOR OF PROGRAM SERVICES	40.00	Highest	$123,842	$12,534	$136,376

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	$5,752,101	$4,837,137	$7,102,759	$914,964
2024	$4,844,100	$3,892,081	$6,063,736	$952,019
2023	$4,929,262	$3,797,229	$5,348,102	$1,132,033
2022	$4,396,445	$3,595,986	$4,055,388	$800,459
2021	$4,543,438	$3,588,032	$3,179,719	$955,406
2020	$3,519,244	$3,365,319	$2,858,573	$153,925
2019	$3,153,238	$3,206,771	$2,275,761	$-53,533

FLYING COLORS OF SUCCESS INC