MEANING IN COLORS (EIN 814091625) - 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

2017

Legal Domicile

Phone

6166350170

Tax Period

2024-01-01 to 2024-12-31

MEANING IN COLORS, founded in 2017, is a small nonprofit that reported $225K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 18% operating margin.

Mission

Meaning In Colors provides resources and services for individuals that may be struggling with personal academic and professional growth. Our services range from mentoring to transitional housing in which will assist our youth in becoming upstanding citizens in our community through our five-phase program.

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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 $224,962

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $224,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,166

Fundraising Expenses $10,000

Program Expenses $173,190

Other Expenses $85,024

TOTAL EXPENSES $184,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,962	$198,900	+0.1%
Expenses	$184,190	$195,301	-0.1%
Net Income	$40,772	$3,599	+10.3%

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

$1,000

Total Directors

$44,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Iryonna Hogan	CEO and Founder	40.00	Director	$44,000	$0	$44,000
Toine Mallett	President	10.00	Officer	$0	$0	$0
Aleta Chase	Secretary	10.00	Officer	$0	$0	$0
Elisea Barnes	Director	2.00	Officer	$1,000	$0	$1,000
Joe Powell	Treasurer	2.00	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	$224,962	$184,190	$54,371	$40,772
2024	No data	No data	No data	No data

MEANING IN COLORS