BUILDERS OF COLOR COALITION (EIN 833689007) - 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

2019

Legal Domicile

Principal Officer

DAVE MADAN

Phone

6176845586

Tax Period

2024-01-01 to 2024-12-31

BUILDERS OF COLOR COALITION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $439K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $620K exceeded revenue, resulting in a 41% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES INCLUDING CONVENING MINORITY REAL ESTATE PROFESSIONALS FOR THE PURPOSE OF EDUCATION AND NETWORKING AND CONDUCTING SUCH OTHER ACTIVITIES AND PROGRAMS IN SUPPORT OF THE FOREGOING PURPOSES AS MAY BE CARRIED OUT BY A CORPORATION ORGANIZED UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS.

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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 $231,813

Program Service Revenue $214,878

Investment Income $0

Other Revenue $-7,227

TOTAL REVENUE $439,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $315,118

Fundraising Expenses $0

Program Expenses $411,902

Other Expenses $305,124

TOTAL EXPENSES $620,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$439,464	$393,430	+0.1%
Expenses	$620,242	$420,537	+0.5%
Net Income	$-180,778	$-27,107	+5.7%

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

$86,417

Total Directors

$86,417

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MADAN	TREASURER	4.00	Officer Director	$0	$0	$0
TAYLOR PEDERSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
ATAKELTI DESTA	DIRECTOR	2.00	Director	$0	$0	$0
SAEED COATES	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KEVEN BYNOE	DIRECTOR	2.00	Director	$0	$0	$0
DARRYL SETTLES	DIRECTOR	2.00	Director	$0	$0	$0
KENDIN CARR	DIRECTOR	2.00	Director	$0	$0	$0
AMARILLYS RODRIGUEZ	CLERK	4.00	Officer Director	$0	$0	$0
JILL LACEY GRIFFIN	DIRECTOR	2.00	Director	$0	$0	$0
MARIE MORISSET	DIRECTOR	2.00	Director	$0	$0	$0
COLLEEN FONSECA	EXECUTIVE DIRECTOR	35.00	Officer Director	$86,417	$0	$86,417
TROY DEPEIZA	DIRECTOR	2.00	Director	$0	$0	$0
BEATRICE THEVENOT	DIRECTOR	2.00	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	$439,464	$620,242	$165,890	$-180,778
2023	$393,430	$420,537	$336,668	$-27,107
2022	$472,765	$317,138	$344,475	$155,627
2021	$159,847	$86,310	$188,848	$73,537

BUILDERS OF COLOR COALITION