Project Plan Formula Not Working.

I am trying to get my "schedule health" column to update based on my dates and or "status" column, I've tried multiple formulas but can't seem to get it right; going at if for two days now. If you're able to help in anyway, I would greatly appreciate the support :). Thank you in advance!!

Formula #1 semiworks, yellow, gray and green populate in the "status health" column correctly, but RED never populates

=IF([Actual Start Date]@row = "", "Gray", IF(AND([Actual Start Date]@row <> "", [Actual End Date]@row <> ""), "Green", IF([Actual Start Date]@row <> "", "Yellow", IF(AND([Actual Start Date]@row <> "", [Start Date]@row < TODAY()), "Red"))))

Formula #2 says #INCORRECT

=IF([Actual Start Date]@row = "", "Gray", IF(AND([Actual Start Date]@row <> "", [Actual End Date]@row <> ""), "Green"), IF([Actual Start Date]@row <> "", "Yellow", IF(AND([Actual Start Date]@row <> "", [Start Date]@row < TODAY()), "Red")))


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