AUDIO IN COLOR INC

EIN: 921963407 501(c)(3) Arts, Culture & Humanities

COOPERSVILLE, MI

Total Revenue
$84,187
Total Expenses
$68,983
Total Assets
$75,634
Net Assets
$15,204
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
DE
Principal Officer
ANDREA O ARNDT
Phone
5409089053
Tax Period
2023-01-01 to 2023-12-31

AUDIO IN COLOR INC, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $84K in total revenue in fiscal year 2023. The organization ran a surplus of $15K, a strong 18% operating margin.

Mission

THE MISSION OF AUDIO IN COLOR IS TO FOSTER EQUITY AND ACCESSIBILITY IN THE AUDIOBOOK INDUSTRY WHILE CELEBRATING DIVERSE VOICES. WE SUPPORT AUTHORS OF COLOR, HELPING THEM PRODUCE HIGH-QUALITY AUDIOBOOKS AND SHARE THEIR STORIES WITH A GLOBAL AUDIENCE. ADDITIONALLY WE HOPE TO DIVERSIFY ROMANCE CONSUMERS' LISTENING AND TO PROVIDE GREATER OPPORTUNITIES FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) NARRATORS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $84,187
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $84,187

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,583
Program Expenses $65,315
Other Expenses $68,983
TOTAL EXPENSES $68,983

Year-over-Year Comparison

2023 2022 Change
Revenue $84,187 N/A N/A
Expenses $68,983 N/A N/A
Net Income $15,204 $0 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
13

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREA O ARNDT PRESIDENT 5
Officer Director
$0 $0 $0
NANA MALONE VICE PRESIDENT 5
Officer Director
$0 $0 $0
KATIE ROBINSON BOARD MEMBER 5
Director
$0 $0 $0
ANN R JONES BOARD MEMBER 5
Director
$0 $0 $0
RONYELLE BAKER BOARD MEMBER 5
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
2023 $84,187 $68,983 $75,634 $15,204
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