OVER THE RAINBOW UNIT II (EIN 363296450) - 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

1984

Principal Officer

ERIC HUFFMAN

Phone

8473286633

Tax Period

2024-01-01 to 2024-12-31

OVER THE RAINBOW UNIT II, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $929K left a modest 9% surplus.

Mission

OUR MISSION IS TO PROVIDE INDEPENDENT LIVING SOLUTIONS AND EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS WITH PHYSICAL DISABILITIES. WE MAINTAIN BARRIER-FREE HOUSING FOR LOW-INCOME, PHYSICALLY HANDICAPPED ADULTS.

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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 $456,640

Program Service Revenue $132,041

Investment Income $20,267

Other Revenue $413,181

TOTAL REVENUE $1,022,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,856

Fundraising Expenses $0

Program Expenses $739,973

Other Expenses $682,555

TOTAL EXPENSES $929,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,022,129	$572,812	+0.8%
Expenses	$929,411	$688,730	+0.3%
Net Income	$92,718	$-115,918	-1.8%

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

$615,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HUFFMAN	PRESIDENT/EX	2.00	Officer	$0	$0	$272,047
LES RUSSO	VP/TREASURER	2.00	Officer	$0	$0	$198,265
KATIE MIGLORE	SECRETARY	2.00	Officer	$0	$0	$144,734

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	$1,022,129	$929,411	$9,904,879	$92,718
2023	$572,812	$688,730	$9,191,628	$-115,918
2022	$592,642	$547,636	$1,713,093	$45,006
2021	$587,807	$530,839	$1,604,858	$56,968
2020	$597,578	$510,149	$1,755,155	$87,429
2019	$592,041	$533,558	$1,753,365	$58,483
2018	$567,270	$533,100	$1,818,319	$34,170

OVER THE RAINBOW UNIT II