Rainbow Lakes Community Club (EIN 221218740) - 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

1974

Legal Domicile

Principal Officer

Charles Damian

Phone

9736279633

Tax Period

2023-01-01 to 2023-12-31

Rainbow Lakes Community Club, founded in 1974, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $150K left a modest 13% surplus.

Mission

Community Activity

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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 $143,838

Program Service Revenue $5,723

Investment Income $7,950

Other Revenue $15,849

TOTAL REVENUE $173,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,348

Other Expenses $150,168

TOTAL EXPENSES $150,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,360	$154,133	+0.1%
Expenses	$150,168	$146,194	+0.0%
Net Income	$23,192	$7,939	+1.9%

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
Charles Damian	President	005.00	Officer Director	$0	$0	$0
Tom Tufaro	Vice President	005.00	Officer Director	$0	$0	$0
Lois Palio	Treasurer	005.00	Officer Director	$0	$0	$0
Phil Christofalo	Secretary	005.00	Officer Director	$0	$0	$0
Kim Condurso	Trustee	001.00	Director	$0	$0	$0
Charles Engfer	Trustee	001.00	Director	$0	$0	$0
Carolyn Davies	Trustee	001.00	Director	$0	$0	$0
Dave Miller	Trustee	001.00	Director	$0	$0	$0
Matt LaRocca	Trustee	001.00	Director	$0	$0	$0
Lauren Hansch	Trustee	001.00	Director	$0	$0	$0
Michele DeMartino	Trustee	001.00	Director	$0	$0	$0
Mike Seredvick	Trustee	001.00	Director	$0	$0	$0
Bridgette Sakar	Trustee	001.00	Director	$0	$0	$0
Michael Tracy	Trustee	001.00	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
2024	No data	No data	No data	No data
2023	$173,360	$150,168	$260,608	$23,192
2022	$154,133	$146,194	$237,497	$7,939
2021	$148,729	$114,193	$229,439	$34,536
2020	$140,524	$114,224	$194,679	$26,300
2019	$141,135	$127,220	$168,559	$13,915
2018	$152,856	$108,979	$154,687	$43,877

Rainbow Lakes Community Club