Rainbow Chimes Inc (EIN 112694198) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

Kathleen Roche

Phone

6314276300

Tax Period

2020-01-01 to 2020-12-31

Rainbow Chimes Inc, founded in 1983, is a micro nonprofit that reported $4K in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 123% operating deficit.

Mission

To provide children with early educational skills and the ability to develop into positive and productive adult leaders.

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $353

Program Service Revenue $2,565

Investment Income $0

Other Revenue $697

TOTAL REVENUE $3,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-391

Fundraising Expenses $0

Program Expenses $-3,612

Other Expenses $8,441

TOTAL EXPENSES $8,050

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,615	$922,035	-1.0%
Expenses	$8,050	$896,896	-1.0%
Net Income	$-4,435	$25,139	-1.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathleen Roche	Executive Director	40.00	Director	$0	$0	$0
Michael B Roche	Member At Large	1.00	Director	$0	$0	$0
Larry Drosin	Vice President/Treasurer	1.00	Officer Director	$0	$0	$0
Joan Drosin	President/Secretary	1.00	Officer Director	$0	$0	$0

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
2020	$3,615	$8,050	No data	$-4,435
2019	$922,035	$896,896	$57,745	$25,139
2018	$1,092,016	$1,261,939	$616,163	$-169,923

Rainbow Chimes Inc