RAINBOW LAKES MAINTENANCE CORPORAT… - Form 990 Financial Data

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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

Phone

9896824615

Tax Period

2024-08-01 to 2025-07-31

RAINBOW LAKES MAINTENANCE CORPORATION, founded in 1985, is a small nonprofit that reported $160K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $177K exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE UPKEEP OF 1,200 ACRES OF NATURAL HOMESTEAD SURROUNDING TWO LAKES, BIG RAINBOW AND LITTLE RAINBOW, IN SOUTHERN GRATIOT COUNTY, MICHIGAN, INCLUDING BEACH AREAS, COMMON GROUNDS, AND A DAM.

Program Service Accomplishments

Program 1

Expenses: $109,672 Revenue: $160,472

THE RAINBOW LAKE MAINTENANCE CORPORATION (RLMC) PROVIDES MAINTENANCE OF THE PARKS AND BEACHES, MAINTENANCE OF THE DOCKS AND A BEACH HOUSE, RESTOCKS FISH IN THE TWO PRIVATE LAKES, AND PROVIDES WEED...

THE RAINBOW LAKE MAINTENANCE CORPORATION (RLMC) PROVIDES MAINTENANCE OF THE PARKS AND BEACHES, MAINTENANCE OF THE DOCKS AND A BEACH HOUSE, RESTOCKS FISH IN THE TWO PRIVATE LAKES, AND PROVIDES WEED CONTROL AND SECURITY FOR THE OWNERS AND MEMBERS OF THE CORPORATION. IN THE FISCAL YEAR ENDED JULY 31, 2025, THE RLMC SERVED APPROXIMATELY 750 MEMBERS/PROPERTY OWNERS.

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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 $0

Program Service Revenue $160,302

Investment Income $170

Other Revenue $0

TOTAL REVENUE $160,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,246

Fundraising Expenses $7,907

Program Expenses $109,672

Other Expenses $106,907

TOTAL EXPENSES $177,153

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,472	$174,773	-0.1%
Expenses	$177,153	$193,979	-0.1%
Net Income	$-16,681	$-19,206	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED GIBBS	TRUSTEE	2.00	Director	$0	$0	$0
THERON SHINEW	TRUSTEE	2.00	Director	$0	$0	$0
JOHN CORY MACLENNAN	TRUSTEE	2.00	Director	$0	$0	$0
GIL BARISH	TRUSTEE	2.00	Director	$0	$0	$0
ED SETTERINGTON	TRUSTEE	2.00	Director	$0	$0	$0
LISA MINNS	SECRETARY	2.00	Officer	$0	$0	$0
ROBERT BATIS	PRESIDENT	2.00	Officer	$0	$0	$0
DUANE TREFIL	VICE PRESIDENT	2.00	Officer	$0	$0	$0
GREG BROOKS	TREASURER	15.00	Officer	$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
2025	$160,472	$177,153	$606,900	$-16,681
2024	$174,773	$193,979	$622,274	$-19,206
2023	$188,024	$183,120	$641,432	$4,904
2022	$209,817	$181,696	$632,846	$28,121
2021	$137,028	$148,064	$609,258	$-11,036
2020	$170,686	$144,135	$615,677	$26,551
2019	$148,879	$143,567	$589,126	$5,312

RAINBOW LAKES MAINTENANCE CORPORATION