JENNA'S RAINBOW FOUNDATION INC

EIN: 223654251 501(c)(3) Health Care

TENAFLY, NJ

Total Revenue
$55,050
Total Expenses
$180,386
Total Assets
$686,126
Net Assets
$686,126
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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
1999
Legal Domicile
NJ
Principal Officer
ARNIE HERRMANN
Phone
2015675809
Tax Period
2024-01-01 to 2024-12-31

JENNA'S RAINBOW FOUNDATION INC, founded in 1999, is a micro nonprofit in the Health Care sector that reported $55K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 228% operating deficit.

Mission

SUPPORTING FAMILIES BATTLING PEDIATRIC BRAIN AND SPINAL CORD TUMORS INCL BEREAVEMENT ASSISTANCE

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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 $10,888
Program Service Revenue $0
Investment Income $44,162
Other Revenue $0
TOTAL REVENUE $55,050

Expense Breakdown

Grants Paid $143,703
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $165,498
Other Expenses $36,683
TOTAL EXPENSES $180,386

Year-over-Year Comparison

2024 2023 Change
Revenue $55,050 $192,033 -0.7%
Expenses $180,386 $109,714 +0.6%
Net Income $-125,336 $82,319 -2.5%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
14
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON POTOLSKY PRESIDENT 5.00
Officer
$0 $0 $0
ARNIE HERRMANN TREASURER 5.00
Officer
$0 $0 $0
LINDA KAMIL VICE PRESIDENT 5.00
Officer
$0 $0 $0
GIDEON KAMIL BOARD MEMBER 5.00
Officer
$0 $0 $0
DOUG POTOLSKY BOARD MEMBER 5.00
Officer
$0 $0 $0
JUDI HERRMANN BOARD MEMBER 5.00
Officer
$0 $0 $0
GINNY SHULMAN BOARD MEMBER 5.00
Officer
$0 $0 $0
JERRY SHULMAN BOARD MEMBER 5.00
Officer
$0 $0 $0
LINDA WACHTEL BOARD MEMBER 5.00
Officer
$0 $0 $0
ZEV WACHTEL BOARD MEMBER 5.00
Officer
$0 $0 $0
ELYSE KOVAR BOARD MEMBER 5.00
Officer
$0 $0 $0
ANDREW KOVAR BOARD MEMBER 5.00
Officer
$0 $0 $0
ALISON TEICHER BOARD MEMBER 5.00
Officer
$0 $0 $0
FRANCIE STEINER BOARD MEMBER 5.00
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
2025 No data No data No data No data
2024 $55,050 $180,386 $686,126 $-125,336
2023 $192,033 $109,714 $810,293 $82,319
2022 $35,897 $126,996 $727,974 $-91,099
2021 $19,543 $151,717 $819,073 $-132,174
2020 $407,438 $105,026 $951,247 $302,412
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