COLORS PLUS

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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

2018

Legal Domicile

Principal Officer

COLLEEN CRONIN

Phone

3305295667

Tax Period

2023-01-01 to 2023-12-31

COLORS PLUS, founded in 2018, is a small nonprofit in the Youth Development sector that reported $412K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $93K, a strong 23% operating margin.

Mission

OUR MISSION IS TO STRENGTHEN LGBTQ+ YOUTH AND ALLIES BY PROMOTING INDIVIDUAL AND COMMUNITY WELLNESS. SINCE 2018, COLORS+ HAS BEEN BUILDING A BRIGHTER FUTURE FOR LGBTQ+ YOUTH. COLORS+ OFFERS DIVERSE MENTAL, EMOTIONAL, AND SOCIAL (CONTINUED ON SCHEDULE O) SUPPORT SERVICES FOR LGBTQ+ YOUTH AS YOUNG AS 3 AND UP THROUGH AGE 19, AS WELL AS THEIR PARENTS AND CAREGIVERS. ACCUMULATED VALUE OF VOLUNTEER HOURS: $26,084.10.

Program Service Accomplishments

Program 1

Expenses: $247,298 Revenue: $81,331

CONNECTIONS DROP-IN: 77 YOUTH SERVED. CONNECTIONS IS OUR FOUNDATIONAL PROGRAM, BUILT TO HONOR THE PRESSING NEED FOR PEER SUPPORT AMONG LGBTQ+ YOUTH. CONNECTIONS IS A DROP-IN PROGRAM, HOSTED ON...

CONNECTIONS DROP-IN: 77 YOUTH SERVED. CONNECTIONS IS OUR FOUNDATIONAL PROGRAM, BUILT TO HONOR THE PRESSING NEED FOR PEER SUPPORT AMONG LGBTQ+ YOUTH. CONNECTIONS IS A DROP-IN PROGRAM, HOSTED ON WEEKDAY AFTERNOONS AS AN OPEN SPACE SO THAT YOUTH CAN ATTEND AFTER SCHOOL AND WHILE MAINTAINING OTHER SCHOOL AND SOCIAL ACTIVITIES. THIS PROGRAM FOCUSES ON EMOTIONAL, SOCIAL, AND MENTAL WELLNESS SKILLS: WE OFFER JUDGEMENT-FREE SKILL BUILDING, PERSONAL CONNECTION AND COACHING, SELF-CARE PRACTICES, AND THE OPPORTUNITY TO DEVELOP PEER RELATIONSHIPS IN A SAFE AND VALIDATING ENVIRONMENT. GAME NIGHTS: 25 YOUTH SERVED. THIS PROGRAM ALLOWS YOUTH TO ENGAGE IN PLAY AND PRACTICE SOCIALIZING SKILLS WITH (CONTINUED ON SCHEDULE O) PEERS.ART THERAPY GROUPS: 54 YOUTH SERVED. YOUTH ARE ABLE TO EXPRESS THEMSELVES CREATIVELY, CONNECCT WITH OTHER YOUTH, AND BUILD HEALTHY COPING SKILLS. FAMILY YOGA:25 YOUTH AND FAMILY MEMBERS SERVED. THIS PROGRAM ALLOWS YOUTH TO BE INVOLVED WITH GENTLE BODY MOVEMENTS AND BUILD PHYSICAL AND MENTAL STENGTH AND AWARENESS. CAMP P.O.W.E.R: 10 YOUTH SERVED. CAMP P.O.W.E.R PROVIDED YOUTH WITH PHYSICAL ACTIVITY CHALLENGES AS WELL AS MENTAL HEALTH ACTIVITIES TO BUILD CONFIDENCE, PERSEVERANCE, SELF-ESTEEM, AND RESILIENCE TO FACE ALL OF LIFE'S CHALLENGES. WE ALSO PROVIDE TRAININGS TO OVER 700 COMMUNITY MEMBERS AND ORGANIZATIONS AND ATTENDED NETWORKING EVENTS AND PROVIDED EDUCATION TO OVER 20,000 PEOPLE.TRAININGS: 626 INDIVIDUALS SERVED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $336,910

Program Service Revenue $62,765

Investment Income $0

Other Revenue $12,714

TOTAL REVENUE $412,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,387

Fundraising Expenses $9,174

Program Expenses $247,298

Other Expenses $194,561

TOTAL EXPENSES $318,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,389	$328,890	+0.3%
Expenses	$318,948	$177,567	+0.8%
Net Income	$93,441	$151,323	-0.4%

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

N/A

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

$38,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN PEPERA	EXECUTIVE DIRECTOR	60.00	Officer	$38,750	$0	$38,750
JOYCE BENJAMIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAITLIN CECIL-SYKES	BOARD MEMBER	1.00	Director	$0	$0	$0
COLLEEN CRONIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
EVIE DUVERNAY	BOARD MEMBER	1.00	Director	$0	$0	$0
PETE FINNERTY	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CHASE MORGAN-SWANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN SMARSH	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE STINEDURF	BOARD MEMBER	1.00	Director	$0	$0	$0
JEHLANI WHITE	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2023	$412,389	$318,948	$317,126	$93,441
2022	$328,890	$177,567	$237,247	$151,323