MEDTECH COLOR (EIN 830543603) - 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

2018

Legal Domicile

Principal Officer

KATRINA HOLLAND

Phone

3108802072

Tax Period

2024-01-01 to 2024-12-31

MEDTECH COLOR, founded in 2018, is a small nonprofit in the Health Care sector that reported $500K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $820K exceeded revenue, resulting in a 64% operating deficit.

Mission

TO BUILD A COHESIVE COMMUNITY OF LEADERS OF COLOR IN MEDTECH, INCREASE THE NUMBER OF UNDERREPRESENTED EXECUTIVES WHO ENTER AND STAY IN THE INDUSTRY AND DRIVE THOUGHT LEADERSHIP.

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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 $59,250

Program Service Revenue $440,476

Investment Income $20

Other Revenue $0

TOTAL REVENUE $499,746

Expense Breakdown

Grants Paid $155,000

Salaries & Benefits $213,474

Fundraising Expenses $0

Program Expenses $791,664

Other Expenses $451,852

TOTAL EXPENSES $820,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$499,746	$613,772	-0.2%
Expenses	$820,326	$653,325	+0.3%
Net Income	$-320,580	$-39,553	+7.1%

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

$303,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATRINA HOLLAND	EXECUTIVE DIRECTOR	40	Officer	$192,308	$0	$192,308
CHEYNE STENNIS	DIRECTOR OF OPERATIONS	40	Officer	$111,596	$0	$111,596
VERNESSA POLLARD	SECRETARY	4	Officer Director	$0	$0	$0
NADA HANAFI	TREASURER	4	Officer Director	$0	$0	$0
KWAME ULMER	PRESIDENT	4	Officer 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	$499,746	$820,326	$313,402	$-320,580
2023	$613,772	$653,325	$633,982	$-39,553
2022	$651,220	$469,922	$673,535	$181,298
2021	$422,880	$188,838	$492,237	$234,042
2020	$205,200	$19,625	$258,195	$185,575

MEDTECH COLOR