REECE'S RAINBOW INC

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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

2006

Legal Domicile

Principal Officer

MICHELLE ZOROMSKI

Phone

2407802120

Tax Period

2023-01-01 to 2023-12-31

REECE'S RAINBOW INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $396K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $445K exceeded revenue, resulting in a 13% operating deficit.

Mission

REECE'S RAINBOW ADVOCATES AND PROVIDES GRANT FUNDING FOR THE INTERNATIONAL ADOPTION OF CHILDREN WITH DOWN SYNDROME AND OTHER SPECIALS NEEDS EXCLUSIVELY.

Program Service Accomplishments

Program 1

Expenses: $79,725

WAITING CHILD GRANT FUND:OUR WAITING CHILD GRANT FUND(WHICH INCLUDES FUNDS RAIASED DURING OUR ANNUAL CHRISTMAS ANGEL TREE PROJECT),ACCEPTS DONATIONS FOR INDIVIDUAL ORPHANS WITH DOWN SYNDROME AND...

WAITING CHILD GRANT FUND:OUR WAITING CHILD GRANT FUND(WHICH INCLUDES FUNDS RAIASED DURING OUR ANNUAL CHRISTMAS ANGEL TREE PROJECT),ACCEPTS DONATIONS FOR INDIVIDUAL ORPHANS WITH DOWN SYNDROME AND OTHER SPECIAL NEEDS LIVING IN FOREIGN ORPHANAGES.THESE FUNDS ARE HELD AS ADOPTION GRANTS FOR EACH CHILD AND ENCOURAGE POTENTIAL ADOPTIVE FAMILIES TO ADOPT THE CHILD,KNOWING THERE IS FUNDING AVAILABLE TO HELP WITH COSTS.IN ONLY 10 YEARS, THE WAITING CHILD GRANTS HAVE MADE IT POSSIBLE FOR OVER 1,500 ORPHANS WITH DOWN SYNDROME AND OTHER SPECIAL NEEDS TO FIND THEIR "FOREVER FAMILIES".THEY HAVE BEEN SAVED FROM LIFE AND DEATH IN A MENTAL INSTITUTION AND BROUGHT INTO LOVING AMERICAN AND CANADIAN FAMILIES. 90% OF EACH DONATION GOES TO THE CHILD AND 10% GOES TO OUR VOICE OF HOPE FUNDS TO HELP WITH OPERATIONAL COST.

Program 2

Expenses: $266,904

FAMILY SPONSORSHIP GRANT FUND: OUR FSP PROGRAM MAKES IT POSSIBLE FOR FRIENDS AND FAMILY TO DONATE TOWARDS FAMILY'S ADOPTION OF A PARTICULAR CHILD. THIS GRANT SUPPLEMENTS THE CHILD'S ORIGINAL WAITING CHILD GRANT ONCE A FAMILY HAS MADE THE OFFICIAL COMMITMENT FOR THAT CHILD. 100% OF EACH DONATION GOES TO THIS FUND AND IS LEGALLY STILL MADE ON BEHALF OF THE CHILD. SHOULD A FAMILY HAVE TO BACK OUT OR NOT BE APPROVED, ANY FUNDS RECEIVED WOULD REMAIN WITH THE CHILD AS A GRANT FOR THE NEXT FAMILY. THIS IS A VERY POPULAR AND EFFECTIVE PROGRAM FOR ADOPTIVE FAMILIES. FUNDS ARE DISBURSED ONCE THE FAMILY HAS BEEN ISSUED A TRAVEL DATE FOR THEIR ADOPTION, AND ARE AVAILABLE TO COVER THE COST OF SUCH THINGS AS AIRFARE, AGENCY FEES, IN-COUNTRY ACCOMMODATIONS/FOOD, FACILITATION/TRANSLATION, ETC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $352,612

Program Service Revenue $0

Investment Income $43,139

Other Revenue $0

TOTAL REVENUE $395,751

Expense Breakdown

Grants Paid $272,805

Salaries & Benefits $116,164

Fundraising Expenses $29,350

Program Expenses $346,629

Other Expenses $56,281

TOTAL EXPENSES $445,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,751	$665,249	-0.4%
Expenses	$445,250	$664,004	-0.3%
Net Income	$-49,499	$1,245	-40.8%

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

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

$52,466

Total Directors