COLORWAVE PROJECT INC (EIN 854072043) - 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

2021

Legal Domicile

Principal Officer

John Roussel

Phone

3107104559

Tax Period

2025-01-01 to 2025-12-31

COLORWAVE PROJECT INC, founded in 2021, is a small nonprofit in the Education sector that reported $238K in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

The Colorwave Project, Inc. dba Colorwave is organized and operated for educational purposes for underrepresented professionals in the startup and high-growth business sector. Our organization leads an eight-week leadership program to help educate, support and train underrepresented, primarily low-income, first-generation professionals on how America's startup and high-growth business sector works, how to attain jobs within the industry, and gain financial security through employment and entrepreneurship.

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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 (2025)

Revenue Breakdown

Contributions & Grants $238,028

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $238,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,116

Fundraising Expenses $1,180

Program Expenses $218,864

Other Expenses $183,795

TOTAL EXPENSES $250,911

Year-over-Year Comparison

	2025	2024	Change
Revenue	$238,028	$450,223	-0.5%
Expenses	$250,911	$580,227	-0.6%
Net Income	$-12,883	$-130,004	-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

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

$88,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Roussel	CEO	40	Director	$87,292	$1,042	$88,334
Leandrew Robinson	President	2	Officer Director	$0	$0	$0
Joey Zwillinger	Vice President	0	Officer Director	$0	$0	$0
Josh Fisher	Treasurer	2	Officer Director	$0	$0	$0
David Stark	Secretary	2	Officer Director	$0	$0	$0
Sadasia McCutchen	Board Member	2	Director	$0	$0	$0
Jose Lopez	Board Member	2	Director	$0	$0	$0
Lena McAfee Young	Board Member	2	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
2025	$238,028	$250,911	$24,321	$-12,883
2024	$450,223	$580,227	$36,158	$-130,004
2023	$621,501	$534,220	$168,989	$87,281
2022	$600,205	$557,619	$83,939	$42,586

COLORWAVE PROJECT INC