Addys Colors Inc
Nonprofit profile at a glance
- EIN
- 841859091
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-N 2023
- Location
- Topping, VA, USA
- Phone
- 8046957161
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Voluntary Health Associations & Medical Disciplines N.E.C.
Reported finances
- Revenue
- $364,690
- Expenses
- $290,535
- Assets
- $83,486
- Liabilities
- $9,331
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Amanda Ashburn (CEO, Therapist)
- Ashly Hudson (Board President)
- Nina Fitchett (Board Vice President)
Highest reported compensation
- Amanda Ashburn (CEO, Therapist): $79,094 total reported compensation
- Reghan Jones (Office Manager): $26,898 total reported compensation
- Latasha Jones-Patterson (Therapist, PRN): $10,093 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Addy's Colors provides positive and supportive programs for children diagnosed with chronic medical conditions, developmental disabilities, and who have experienced traumatic grief as well as for their families. We are a collaborative care agency that provides primary care and mental health services, which are free for the above three conditions.
What it reported doing in 2024
Addy's Colors provided mental health therapy to an estimated 253 people between January to December of 2024, and none of these individuals paid their copays or deductibles, allowing for a reduction of barriers to these individuals in accessing mental health therapy. Insurance was run for those who had access to it. All copays and deductibles were covered with donations and grants.
Operating model
- Revenue model
- Other-operating. 95% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 90
- Accountability: 86
- Sustainability: 43
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.1%; rating input score 76
- Program expense ratio: 95.6%; rating input score 96
- Fundraising efficiency: $25.61 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 20.3%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 15; 15th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 41.9%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 76.1% of revenue deployed · 95.6% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $278K in reported program spending
- Leadership: top reported pay $79K · 10 people listed
- Consistency: 40 of 40 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.