RAINBOW OF HOPE FARM

EIN: 383228946 501(c)(3) Human Services

KINGSLEY, MI

Total Revenue
$109,380
Total Expenses
$109,423
Total Assets
$250,344
Net Assets
$249,223
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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
1997
Legal Domicile
MI
Principal Officer
WILLIAM WOOER
Tax Period
2023-01-01 to 2023-12-31

RAINBOW OF HOPE FARM, founded in 1997, is a small nonprofit in the Human Services sector that reported $109K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $249K represent 27 months of operating reserves.

Mission

RAINBOW OF HOPE FARM PROVIDES DEVELOPMENTALLY DISABLED ADULTS WITH QUALITY CARE, A RESIDENCE AND A PALCE TODO MEANINGFUL WORK. RAINBOW OF HOPE FARM SUPERVISES DEVELOPMENTALLY DISABLED ADULTS IN WORKING AND SKILL BUILDING PROGRAMS THAT TEACH LIVESTOCK CARE AND HYDROPONIC FARMING AND HAND CRAFTS. IT ALSO DEVELOPS AND DIRECTS SOCIAL ACTIVITIES FOR DEVELOPMENTALLY DISABLED ADULTS AT THE FARMAND IN THE COMMUNITY TO FOSTER SOCIAL SKILLS AND QUALITY OF LIFE. THE FARM FOSTERS COMMUNITY INVOLVEMENT THROUGH RETIRED RESIDENTS WHO WORK AS CO-WORKERS WITH THE DEVELOPMENTALLY DISABLED ADULTS. WE ALSO PROVIDE INTERNSHIP PROGRAMS FOR COLLEGE STUDENTS IN AGRIBUSINESS.

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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 $19,100
Program Service Revenue $12,044
Investment Income $0
Other Revenue $78,236
TOTAL REVENUE $109,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,266
Fundraising Expenses $0
Program Expenses $108,338
Other Expenses $31,157
TOTAL EXPENSES $109,423

Year-over-Year Comparison

2023 2022 Change
Revenue $109,380 $97,348 +0.1%
Expenses $109,423 $104,989 +0.0%
Net Income $-43 $-7,641 -1.0%
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
7
Independent Members
6
Employees
8
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
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK PATON TRUSTEE N/A
Director
$0 $0 $0
CAROL SIEFERT TRUSTEE N/A
Director
$0 $0 $0
EILEEN WOOER TRUSTEE N/A
Director
$0 $0 $0
KATHERINE WOOER TRUSTEE N/A
Director
$0 $0 $0
RICK EHLERS SECRETARY N/A
Officer
$0 $0 $0
RICHARD OLDS PRESIDENT N/A
Officer
$0 $0 $0
WILLIAM WOOER TREASURER N/A
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
2024 No data No data No data No data
2023 $109,380 $109,423 $250,344 $-43
2022 $97,348 $104,989 $250,447 $-7,641
2021 $88,387 $108,386 $258,418 $-19,999
2020 $75,715 $98,439 $278,073 $-22,724
2019 $99,723 $118,930 $300,546 $-19,207
2018 $107,841 $98,966 $320,275 $8,875
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