RAINBOW HOSPICE FOUNDATION INC (EIN 260229434) - 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

2007

Legal Domicile

Principal Officer

CAROL BROWN

Phone

9206746255

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO FUNDRAISE, COLLECT DONATIONS AND MANAGE INVESTMENTS IN SUPPORT OF RAINBOW HOSPICE CARE, INC.

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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 $339,266

Program Service Revenue $0

Investment Income $211,967

Other Revenue $6,660

TOTAL REVENUE $557,893

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $261,522

Fundraising Expenses $0

Program Expenses $555,925

Other Expenses $94,403

TOTAL EXPENSES $555,925

Year-over-Year Comparison

	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%

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

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

$670,966

Total Directors

$307,319

Key Employees

Highest Compensated

reported

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

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	$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

RAINBOW HOSPICE FOUNDATION INC