RAINBOW HOMES NON-PROFIT HOUSING CO (EIN 383457782) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

JOSEPH PERRONE

Phone

5176998454

Tax Period

2024-01-01 to 2024-12-31

RAINBOW HOMES NON-PROFIT HOUSING CO, founded in 2000, is a small nonprofit in the Human Services sector that reported $711K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $127K, a strong 18% operating margin.

Mission

NON-PROFIT ORGANIZATION FOR THE PURPOSE TO HOUSE RESIDENTS WHO NEED HELP WITH MEALS, MEDICATION, LAUNDRY, TRANSPORTATION, HOUSEKEEPING & ETC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $61,709

Program Service Revenue $482,006

Investment Income $88,889

Other Revenue $78,556

TOTAL REVENUE $711,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $520,572

Fundraising Expenses $0

Program Expenses $569,116

Other Expenses $63,557

TOTAL EXPENSES $584,129

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,160	$762,274	-0.1%
Expenses	$584,129	$728,646	-0.2%
Net Income	$127,031	$33,628	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARCIA EVANS	DIRECTOR	1.00	Director	$0	$0	$0
TOM KEENOY	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE MILLER	EXECUTIVE DI	1.00	Director	$0	$0	$0
LAUREN ROSIER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
JACOB SUTHERLAND	DIRECTOR	1.00	Director	$0	$0	$0
BETTY WERNETTE-BABIAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM KARNES	PRESIDENT	1.00	Officer	$0	$0	$0
TIFFANY KARNES	SECRETARY	1.00	Officer	$0	$0	$0
JOSEPH PERRONE	TREASURER	1.00	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	No data	No data	No data	No data
2024	$711,160	$584,129	$214,381	$127,031
2023	$762,274	$728,646	$267,150	$33,628
2022	$563,374	$660,560	$251,125	$-97,186
2021	$654,174	$690,903	$321,929	$-36,729
2020	$723,823	$714,666	$371,520	$9,157
2019	$675,099	$659,576	$276,257	$15,523
2018	$665,916	$648,340	$303,781	$17,576

RAINBOW HOMES NON-PROFIT HOUSING CO