RAINBOW COMMUNITY DEVELOPMENT CENTER INC (EIN 200961637) - 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

2004

Legal Domicile

Principal Officer

PATRICIA DRUMMING

Phone

3016252561

Tax Period

2024-01-01 to 2024-12-31

RAINBOW COMMUNITY DEVELOPMENT CENTER INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2024. Expenses of $5.8M left a modest 4% surplus.

Mission

ORGANIZED TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN NEED. THE CENTER OFFERS SERVICES TO INDIVIDUALS IN THE AREA OF EMERGENCY FOOD, RENT, AND UTILITY ASSISTANCE. THE CENTER ALSO ADVOCATES FOR INDIVIDUALS SEEKING ASSISTANCE FROM ESTABLISHED SOCIAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,052,793

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,052,793

Expense Breakdown

Grants Paid $5,569,975

Salaries & Benefits $157,872

Fundraising Expenses $0

Program Expenses $5,669,737

Other Expenses $112,556

TOTAL EXPENSES $5,840,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,052,793	$5,866,435	+0.0%
Expenses	$5,840,403	$5,885,030	0.0%
Net Income	$212,390	$-18,595	-12.4%

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

Volunteers

893

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

$27,493

Total Directors

$27,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE PARSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
YINKA OGUNSUNLADE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA HENLEY	SECRETARY	1.00	Officer Director	$27,493	$0	$27,493
NORMA CLEMENTS	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA DRUMMING	EXECUTIVE DIRECTOR	60.00	Officer	$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
2024	$6,052,793	$5,840,403	$452,826	$212,390
2023	$5,866,435	$5,885,030	$232,468	$-18,595
2022	$1,825,565	$287,595	$1,907,014	$1,537,970
2021	$1,825,426	$1,888,176	$369,044	$-62,750
2020	$3,766,651	$3,485,939	$434,290	$280,712
2019	$856,103	$758,867	$153,523	$97,236

RAINBOW COMMUNITY DEVELOPMENT CENTER INC