JEFFERSON, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RAINBOW HOSPICE FOUNDATION INC, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $558K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Net assets of $9.1M represent 196 months of operating reserves.
TO FUNDRAISE, COLLECT DONATIONS AND MANAGE INVESTMENTS IN SUPPORT OF RAINBOW HOSPICE CARE, INC, A RELATED TAX-EXEMPT ORGANIZATION THAT PROVIDES CARE TO PATIENTS AND FAMILIES FACING LIFE-LIMITING ILLNESS.
THE FOUNDATION PROVIDES FUNDS TO RAINBOW HOSPICE CARE, INC. (RHC) TO COVER THE COST OF HOSPICE CARE FOR INDIVIDUALS WHO ARE UNINSURED OR UNDERINSURED TO THE EXTENT THAT THEY DO NOT HAVE THE ABILITY...
THE FOUNDATION PROVIDES FUNDS TO RAINBOW HOSPICE CARE, INC. (RHC) TO COVER THE COST OF HOSPICE CARE FOR INDIVIDUALS WHO ARE UNINSURED OR UNDERINSURED TO THE EXTENT THAT THEY DO NOT HAVE THE ABILITY TO PAY FOR HOSPICE OR PALLIATIVE CARE PRIVATELY. FUNDING IS ALSO PROVIDED FOR STAFF EDUCATION, TECHNOLOGY AND MEDICAL EQUIPMENT PURCHASES TO IMPROVE CARE DELIVERY. IN 2024, RHC PROVIDED CARE TO 825 HOSPICE PATIENTS AND 218 PALLIATIVE CARE PATIENTS. MEMBERS OF THE LOCAL COMMUNITY VOLUNTEERED 9,904 HOURS TO THE RHC IN 2024. THE FOUNDATION GRANTED $200,000 TO SUPPORT CHARITABLE CARE AND OPERATING LOSSES OF RHC'S SUPPORTIVE CARE MANAGEMENT PROGRAM WHICH INCLUDES PALLIATIVE CARE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $557,893 | $700,410 | -0.2% |
| Expenses | $555,925 | $983,064 | -0.4% |
| Net Income | $1,968 | $-282,654 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN LACKE CARRIG | PRESIDENT | 27.00 |
Officer
Director
|
$0 | $95,292 | $307,319 |
| RANDALL S KNOX | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILLIP MERTENS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES STATZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHAN PARRISH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN UTTECH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY PHELPS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN ROBINSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL R MAIER II | SECRETARY/TREASURER/CFO | 5.00 |
Officer
|
$0 | $42,875 | $167,072 |
| CAROL BROWN | CEO | 5.00 |
Officer
|
$0 | $38,848 | $196,575 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $557,893 | $555,925 | $9,307,625 | $1,968 |
| 2023 | $700,410 | $983,064 | $8,113,481 | $-282,654 |
| 2022 | $474,621 | $483,828 | $7,335,677 | $-9,207 |
| 2021 | $862,350 | $230,313 | $8,435,701 | $632,037 |
| 2020 | $267,963 | $301,524 | $5,253,725 | $-33,561 |
| 2019 | $321,151 | $205,567 | $3,766,440 | $115,584 |
| 2018 | $514,180 | $268,924 | $3,229,736 | $245,256 |
Compare RAINBOW HOSPICE FOUNDATION INC with other nonprofits in Wisconsin and across the country.