RAINBOW SHOPPE INC

EIN: 382464854 501(c)(3) Human Services

CHARLEVOIX, MI

Total Revenue
$255,061
Total Expenses
$244,994
Total Assets
$378,817
Net Assets
$372,258
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Principal Officer
GAIL SEIDEL
Phone
2315472815
Tax Period
2023-01-01 to 2023-12-31

RAINBOW SHOPPE INC, founded in 1983, is a small nonprofit in the Human Services sector that reported $255K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $245K left a modest 4% surplus.

Mission

TO WORK WITH CHARLEVOIX MINISTERIAL ASSOCIATION IN THE ORGANIZING AND MANAGEMENT OF A RESALE SHOP ON A VOLUNTEER BASIS, FOR THE BETTERMENT OF THE COMMUNITY BY PROVIDING FOR THOSE IN NEED.

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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 $10,902
Program Service Revenue $0
Investment Income $12
Other Revenue $244,147
TOTAL REVENUE $255,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,908
Fundraising Expenses $0
Program Expenses $194,872
Other Expenses $55,086
TOTAL EXPENSES $244,994

Year-over-Year Comparison

2023 2022 Change
Revenue $255,061 $229,103 +0.1%
Expenses $244,994 $252,485 0.0%
Net Income $10,067 $-23,382 -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
9
Independent Members
9
Employees
9
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA DREW DIRECTOR N/A
Director
$0 $0 $0
DIANA HAUGHTON VICE PRESIDE N/A
Officer Director
$0 $0 $0
DEE HOADLEY DIRECTOR N/A
Director
$0 $0 $0
MARGE KIRINOVIC DIRECTOR N/A
Director
$0 $0 $0
CHARLEVOIX MINISTERIAL REP DIRECTOR N/A
Director
$0 $0 $0
GAIL SEIDEL SECRETARY/TR N/A
Officer Director
$0 $0 $0
PAT SMALLEY DIRECTOR N/A
Director
$0 $0 $0
APRIL STAPH DIRECTOR N/A
Director
$0 $0 $0
JILL WAY PRESIDENT N/A
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
2023 $255,061 $244,994 $378,817 $10,067
2022 $229,103 $252,485 $366,707 $-23,382
2021 $267,944 $214,382 $390,350 $53,562
2020 $164,561 $210,480 $337,014 $-45,919
2019 $277,780 $262,113 $383,871 $15,667
2018 $245,350 $217,401 $368,495 $27,949
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