THE RAINBOW CONNECTION (EIN 382608775) - 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

1985

Legal Domicile

Principal Officer

KEVIN SCHNIEDERS

Phone

2486019474

Tax Period

2024-01-01 to 2024-12-31

THE RAINBOW CONNECTION, founded in 1985, is a community nonprofit in the Health Care sector that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.1M left a modest 15% surplus.

Mission

THE RAINBOW CONNECTION MAKES DREAMS COME TRUE FOR MICHIGAN CHILDREN WITH LIFE THREATENING MEDICAL CONDITIONS AND PROVIDES SUPPORT SERVICES TO THE FAMILIES.

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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 $3,350,505

Program Service Revenue $0

Investment Income $261,682

Other Revenue $19,190

TOTAL REVENUE $3,631,377

Expense Breakdown

Grants Paid $783,108

Salaries & Benefits $722,226

Fundraising Expenses $158,483

Program Expenses $2,810,390

Other Expenses $1,592,679

TOTAL EXPENSES $3,098,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,631,377	$4,499,715	-0.2%
Expenses	$3,098,013	$3,268,833	-0.1%
Net Income	$533,364	$1,230,882	-0.6%

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

Volunteers

142

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

$132,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BYRNES	DIRECTOR	1.00	Director	$0	$0	$0
DAN FLYNN	2ND V.P. AND TREAS.	1.00	Officer Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LEWALLEN	DIRECTOR	1.00	Director	$0	$0	$0
DR ROLAND CHU	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD GOLDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JANET DOBSON VERNIER	MERITORIOUS DIRECTOR	1.00	Director	$0	$0	$0
JOHN JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHI HUNT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SCHNIEDERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN ZEZULA	DIRECTOR	1.00	Director	$0	$0	$0
KRISTA ESCHBACH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PLOTZKE	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA NEUMAN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT BAVA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN GIACOLONE	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE NEIHEISEL CPA	DIRECTOR	1.00	Director	$0	$0	$0
SUE WELKER	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS BLAIR	DIRECTOR	1.00	Director	$0	$0	$0
INGRID TODT	EXECUTIVE DIRECTOR	50.00	Officer	$127,629	$4,979	$132,608

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	$3,631,377	$3,098,013	$7,627,517	$533,364
2023	$4,499,715	$3,268,833	$6,721,761	$1,230,882
2022	$3,861,760	$2,840,657	$5,278,483	$1,021,103
2021	$3,692,285	$2,824,992	$4,575,197	$867,293
2020	$2,406,905	$1,606,326	$3,747,967	$800,579
2019	$3,315,613	$2,491,608	$2,730,891	$824,005
2018	$2,678,641	$2,413,443	$1,877,066	$265,198

THE RAINBOW CONNECTION