Skin of Color Society

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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

2004

Legal Domicile

Principal Officer

Kimberly Miller

Phone

6305783991

Tax Period

2024-01-01 to 2024-12-31

Skin of Color Society, founded in 2004, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

The Skin of Color Society is a professional dermatologic organization dedicated to promoting awareness of and excellence within the special interest area of dermatology, skin of color. Individuals with skin of color are defined by the Society as those individuals of Asian, Hispanic/Latino, African, Native American, Pacific Island descent, and mixtures thereof.

Program Service Accomplishments

Program 1

Promote, support, and stimulate the development of information related to all aspects of skin of color within the specialty of dermatology and to make this information available to the general...

Promote, support, and stimulate the development of information related to all aspects of skin of color within the specialty of dermatology and to make this information available to the general Provide a forum for the exchange of information pertaining to skin of color.Promote the education of physicians, residents and non-physician scientists, media, government, and third parties about the unique properties, reaction patterns and diseases that occur in individuals with skin of color by encouraging courses in skin of color and other related topics at scientific meetings and dermatology training centers.Promote the scientific study of skin of color, including basic science, clinical, surgical and cosmetic research.Promote an increase in the body of dermatological literature related to skin of color.Provide collaborative opportunities for established society members and mentoring opportunities for younger members and individuals interested in the field of skin of color.

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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 $1,536,400

Program Service Revenue $135,617

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,672,017

Expense Breakdown

Grants Paid $382,549

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,269,917

TOTAL EXPENSES $1,652,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,672,017	$2,006,664	-0.2%
Expenses	$1,652,466	$1,638,046	+0.0%
Net Income	$19,551	$368,618	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew F Alexis MD MPH	President	2.00	Officer Director	$0	$0	$0
Shawn Kwatra MD FAAD	Secretary/Treasurer	2.00	Officer Director	$0	$0	$0
Valerie M Harvey MD MPH FAAD	Immediate Past President	2.00	Officer Director	$0	$0	$0
Victoria Barbosa MD MPH MBA FAAD	President-Elect	2.00	Officer Director	$0	$0	$0
Murad Alam MD	Board Member	0.50	Director	$0	$0	$0
Pamela S Allen MD	Board Member	0.50	Director	$0	$0	$0
Naiara Barbosa MD	Board Member	0.50	Director	$0	$0	$0
Corey Hartman MD	Board Member	0.50	Director	$0	$0	$0
Jenna C Lester MD	Board Member	0.50	Director	$0	$0	$0
Janiene Luke MD	Board Member	0.50	Director	$0	$0	$0
Tiffany T Mayo MD	Board Member	0.50	Director	$0	$0	$0
E Nikki Pritchett MD	Board Member	0.50	Director	$0	$0	$0
Caroline Robinson MD	Board Member	0.50	Director	$0	$0	$0
Rebecca Vasquez MD	Board Member	0.50	Director	$0	$0	$0
Kimberly Miller	Executive Director	40.00	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	$1,672,017	$1,652,466	$2,584,809	$19,551
2023	$2,006,664	$1,638,046	$2,029,007	$368,618
2022	$1,886,754	$939,353	$1,375,868	$947,401
2021	$314,373	$599,534	$582,344	$-285,161
2020	$505,524	$255,426	$456,454	$250,098
2019	$175,540	$250,667	$316,218	$-75,127
2018	$282,402	$172,125	$289,633	$110,277