RAINBOW CHILD DEVELOPMENT CENTER INC

EIN: 042507815 501(c)(3)

WORCESTER, MA

Total Revenue
$6,343,595
Total Expenses
$5,398,883
Total Assets
$8,143,986
Net Assets
$6,671,292
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MA
Principal Officer
ERIN ROSENLUND
Phone
5087916849
Tax Period
2024-07-01 to 2025-06-30

RAINBOW CHILD DEVELOPMENT CENTER INC, founded in 1972, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Expenses of $5.4M left a modest 15% surplus.

Mission

RAINBOW CHILD DEVELOPMENT CENTER'S MISSION IS TO ENHANCE THE LIVES OF UNDERSERVED CHILDREN AND THEIR FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,455,860
Program Service Revenue $1,656,288
Investment Income $233,782
Other Revenue $-2,335
TOTAL REVENUE $6,343,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,470,346
Fundraising Expenses $149,262
Program Expenses $4,540,348
Other Expenses $2,928,537
TOTAL EXPENSES $5,398,883

Year-over-Year Comparison

2024 2023 Change
Revenue $6,343,595 $5,960,251 +0.1%
Expenses $5,398,883 $5,005,281 +0.1%
Net Income $944,712 $954,970 0.0%
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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
65
Volunteers
37

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
5
$142,532
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA HYDE PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICK HARVEY 1ST VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ERIN ROSENLUND BOARD TREASURER 2.00
Officer Director
$0 $0 $0
KAREN LONGO BOARD CLERK 2.00
Officer Director
$0 $0 $0
NADINE PREMO BOARD MEMBER 2.00
Director
$0 $0 $0
LORETA SULEJMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHIRLEY WILLIAMS MSW LICSW BOARD MEMBER 1.00
Director
$0 $0 $0
SENATOR MICHAEL MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
JARED FIORE BOARD MEMBER 1.00
Director
$0 $0 $0
DARLENY HENRIQUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
LYNNE GRDEN BOARD MEMBER 1.00
Director
$0 $0 $0
BENEDICTA WRIGHT MSW LICSW BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL D'AMICO BOARD MEMBER 1.00
Director
$0 $0 $0
AKOSUA AGYEPONG BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LAVOIE BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC AGYEMAN BOARD MEMBER (AS OF 08/2024) 1.00
Director
$0 $0 $0
DIANNE TRACHIMOWICZ BOARD MEMBER (UNTIL 01/2025) 1.00
Director
$0 $0 $0
PAULA PERRIER EXECUTIVE DIRECTOR 40.00
Officer
$129,365 $13,167 $142,532
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
2025 $6,343,595 $5,398,883 $8,143,986 $944,712
2024 $5,960,251 $5,005,281 $7,142,512 $954,970
2023 $4,027,693 $3,492,955 $5,979,368 $534,738
2022 $3,317,450 $2,637,768 $5,066,528 $679,682
2021 $2,895,672 $2,272,938 $4,189,753 $622,734
2020 $2,497,402 $2,437,387 $3,795,041 $60,015
2019 $2,198,208 $2,306,946 $3,619,902 $-108,738
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