Rainbow Hospice and Palliative Care

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

Rainbow Hospice and Palliative Care, founded in 1983, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

Rooted in the loving ministry of Jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our Catholic health ministry is dedicated to spiritually-centered, holistic care which sustains and improves the health of individuals and communities. We are advocates for a compassionate and just society through our actions and our words.

Program Service Accomplishments

Program 1

Expenses: $14,481,419 Revenue: $14,709,872

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. HOSPICE SERVICES, INPATIENT UNIT: 1455 PATIENTS WERE CARED FOR IN THE HOSPICE PROGRAM. THE AVERAGE DAILY CENSUS (ADC) FOR THE TWELVE MONTHS ENDED JUNE 30, 2024, WAS 137, WITH AN AVERAGE LENGTH OF SERVICE OF 38 DAYS. 69% OF ALL INPATIENT HOSPICE CARE WAS PROVIDED THROUGH THE ARK, THE INPATIENT UNIT. THE AVERAGE DAILY CENSUS WAS 7.8 WITH CARE PROVIDED FOR A TOTAL OF 480 PATIENTS DURING THE TWELVE-MONTH PERIOD.

Program 2

Expenses: $0 Revenue: $0

BEREAVEMENT SERVICES: THESE SERVICES INCLUDE GRIEF SUPPORT GROUPS, MAILINGS, SPECIAL EVENTS AND WORKSHOPS. BEREAVEMENT CONTACTS FOR THE TWELVE MONTHS ENDED JUNE 30, 2024 TOTALED 8,094. CONTACTS ARE DEFINED AS TOUCHPOINTS AND THERAPEUTIC INTERVENTIONS INCLUDING THE MAILING PROGRAM, SYMPATHY CARDS, INVITATION TO MEMORIAL SERVICES, HOSPICE OUTREACH CALLS, HOSPICE COUNSELING, HOSPICE WORKSHOPS, COMMUNITY INTERVENTION, AND INTAKE & PHONE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $436,429

Program Service Revenue $14,709,828

Investment Income $0

Other Revenue $44

TOTAL REVENUE $15,146,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,481,419

Other Expenses $16,528,876

TOTAL EXPENSES $16,528,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,146,301	$17,394,686	-0.1%
Expenses	$16,528,876	$17,298,649	0.0%
Net Income	$-1,382,575	$96,037	-15.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,667,578

Total Directors

$4,169,653

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAYTON BOND	CHAIR	1.0	Officer Director	$0	$0	$0
GEORGE GATTO	VICE CHAIR	1.0	Officer Director	$0	$0	$0
YOLANDE D WILSON-STUBBS	PRESIDENT	0.0	Officer Director	$0	$44,031	$570,707
DAVID J BORDO MD	DIRECTOR	0.0	Director	$0	$55,285	$770,832
JOHN LEE HALSTEAD	DIRECTOR	0.0	Director	$0	$50,485	$692,311
MASAKO MAYAHARA	DIRECTOR	1.0	Director	$0	$0	$0
POLLY DAVENPORT	DIRECTOR	0.0	Director	$0	$49,673	$2,135,803
ROBERT SHEA	DIRECTOR	1.0	Director	$0	$0	$0
DEBORAH L MAU	TREASURER	0.0	Officer	$0	$21,427	$307,781
JULIE P ROKNICH	SECRETARY	0.0	Officer	$0	$34,898	$362,618
RICHARD DOUGLAS CARTER	CFO, ASCENSION ILLINOIS	0.0	Officer	$0	$56,059	$1,426,472
MICHAEL ROBERT GORDON	FORMER OFFICER (END 11/2018)	0.0		$0	$34,547	$566,500

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	$15,146,301	$16,528,876	$5,476,353	$-1,382,575
2023	$17,394,686	$17,298,649	$5,415,833	$96,037
2022	$21,387,815	$19,565,902	$4,558,497	$1,821,913
2021	$25,835,818	$23,712,527	$5,767,079	$2,123,291
2020	$26,246,071	$26,432,708	$5,900,878	$-186,637
2019	$25,139,449	$26,634,296	$5,347,997	$-1,494,847