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Default Wrong output returned during IF function

I currently have

=IF(O2="","",(VLOOKUP(O2,risk_impacts!B2:BV95,72,F ALSE)))

Which is returning the correct value of

14

In a different cell I have the following formula based on the value of the
above cell.

=IF(M5<=3,"Green",IF(M5=20,"RED","AMBER"))

Yet the outcome is showing as "RED" when it's clearly "AMBER".

This was in response of conditional formatting not working. As I'm using
2007 I can place 3 separate formatting options on the one cell and yet it was
still not working and was showing always as red.

PLEASE HELP
 
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