CHILDRENS RAINBOW COOPERATIVE PRESCHOOL

EIN: 341293781 501(c)(3)

WARREN, OH

Total Revenue
$329,499
Total Expenses
$366,763
Total Assets
$276,195
Net Assets
$272,611
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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
1979
Legal Domicile
OH
Principal Officer
JENNIFER NOLAN
Phone
3303947534
Tax Period
2024-07-01 to 2025-06-30

CHILDRENS RAINBOW COOPERATIVE PRESCHOOL, founded in 1979, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $367K exceeded revenue, resulting in a 11% operating deficit.

Mission

AID PRESCHOOL AGED CHILDREN TO DEVELOP SOCIAL, INTELLECTUAL, EMOTIONAL, AND PHYSICAL SKILLS.

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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 $3,353
Program Service Revenue $260,649
Investment Income $10,897
Other Revenue $54,600
TOTAL REVENUE $329,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $288,413
Fundraising Expenses $0
Program Expenses $366,759
Other Expenses $78,350
TOTAL EXPENSES $366,763

Year-over-Year Comparison

2024 2023 Change
Revenue $329,499 $510,604 -0.4%
Expenses $366,763 $393,486 -0.1%
Net Income $-37,264 $117,118 -1.3%
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
6
Independent Members
5
Employees
17
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
4
$0
Total Directors
2
$42,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER NOLAN DIRECTOR 40.00
Director
$42,750 $0 $42,750
RUTH SARKO SECRETARY 1.00
Director
$0 $0 $0
BARB BASALYGA PRESIDENT 1.00
Officer
$0 $0 $0
DEBBIE CRAVOTTA BOARD MEMBER 1.00
Officer
$0 $0 $0
DEBBIE GROVES BOARD MEMBER 1.00
Officer
$0 $0 $0
AMY MARTIN BOARD MEMBER 1.00
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 $329,499 $366,763 $276,195 $-37,264
2024 No data No data No data No data
2023 $378,613 $330,815 $411,544 $47,798
2022 $357,103 $304,255 $246,328 $52,848
2021 $266,692 $270,993 $137,264 $-4,301
2020 $206,391 $248,061 $143,465 $-41,670
2019 $263,405 $262,884 $142,096 $521
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