BOY SCOUTS OF AMERICA RAINBOW COUNCIL TRUST

EIN: 366632880 501(c)(3)

LOCKPORT, IL

Total Revenue
$21,390
Total Expenses
$3,666
Total Assets
$524,592
Net Assets
$524,592
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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
1929
Legal Domicile
IL
Phone
8159424450
Tax Period
2019-01-01 to 2019-12-31

BOY SCOUTS OF AMERICA RAINBOW COUNCIL TRUST, founded in 1929, is a micro nonprofit that reported $21K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 83% operating margin.

Mission

THE TRUST REPRESENTS A POOL OF PERMANENTLY RESTRICTED AND BOARD RESTRICTED INVESTMENTS THAT ARE USED TO GENERATE FINANCIAL SUPPORT FOR THE RAINBOW COUNCIL BOY SCOUTS OF AMERICA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,000
Program Service Revenue $0
Investment Income $20,390
Other Revenue $0
TOTAL REVENUE $21,390

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,666
Other Expenses $3,666
TOTAL EXPENSES $3,666

Year-over-Year Comparison

2019 2018 Change
Revenue $21,390 $58,235 -0.6%
Expenses $3,666 $5,272 -0.3%
Net Income $17,724 $52,963 -0.7%
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
33
Independent Members
33
Employees
N/A
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
2
$119,306
Total Directors
6
$119,306
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD KARNS CEO/SCOUT EXEC 1.00
Officer Director
$0 $0 $119,306
WAYNE DRAUDT Board Member 1.00
Director
$0 $0 $0
PETER MARCH Board Members 1.00
Director
$0 $0 $0
KRISTINA FRY Board Member 1.00
Director
$0 $0 $0
MARK STEADHAM BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES SOLARI President 1.00
Officer Director
$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
2019 $21,390 $3,666 $524,592 $17,724
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