RAINBOW HOMES INC

EIN: 341319132 501(c)(3)

TOLEDO, OH

Total Revenue
$2,180,300
Total Expenses
$2,112,182
Total Assets
$210,183
Net Assets
$-35,468
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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
VIVIAN BENNETT DOO
Tax Period
2023-01-01 to 2023-12-31

RAINBOW HOMES INC, founded in 1979, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $2.1M left a modest 3% surplus.

Mission

PROVIDE CARE AND SERVICES FOR DEVELOPMENTALLY DISABLED PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,180,300
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,180,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,664,381
Fundraising Expenses $0
Program Expenses $2,099,282
Other Expenses $447,801
TOTAL EXPENSES $2,112,182

Year-over-Year Comparison

2023 2022 Change
Revenue $2,180,300 $1,779,741 +0.2%
Expenses $2,112,182 $1,949,554 +0.1%
Net Income $68,118 $-169,813 -1.4%
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
3
Independent Members
3
Employees
47
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VIVIAN BENNETT DOO 125.00
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
2024 No data No data No data No data
2023 $2,180,300 $2,112,182 $210,183 $68,118
2022 $1,779,741 $1,949,554 $216,127 $-169,813
2021 $1,970,897 $2,204,229 $468,264 $-233,332
2020 $2,512,142 $2,687,528 $696,637 $-175,386
2019 $2,170,697 $2,134,370 $483,895 $36,327
2018 $2,203,127 $2,010,613 $659,215 $192,514
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