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Default Programmatically counting info from formula

I hope I can explain this so that it makes sense.

I have a summary sheet that gets data off of individual worksheets. I want
to check for the following:

Cell Value = RED, GREEN or YELLOW
Formula in the cell contains a specific worksheet name (let's use Sheet1 for
this example)
Sheet 1 is present.

If all of these conditions are met, the count would increment by one. Can
someone help me get started on this. Once I have an idea where to start, I
can do the rest of it.

Thanks in advance for your assistance.

Regards,
Barb Reinhardt
 
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