THE RAINBOW PROJECT INC (EIN 391422626) - 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

1982

Legal Domicile

Principal Officer

SHARYL KATO

Phone

6082557356

Tax Period

2023-01-01 to 2023-12-31

THE RAINBOW PROJECT INC, founded in 1982, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $719K, a strong 34% operating margin.

Mission

THE RAINBOW PROJECT PROVIDES RESTORATIVE HEALING AND HOPE FOR YOUNG CHILDREN AND THEIR FAMILIES WHO HAVE EXPERIENCED TRAUMA, HELPING THEM BUILD A FOUNDATION FOR THE MASTERY OF LIFE SUSTAINING SKILLS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,026,282

Program Service Revenue $109,102

Investment Income $25,186

Other Revenue $-26,404

TOTAL REVENUE $2,134,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,919

Fundraising Expenses $131,666

Program Expenses $940,979

Other Expenses $376,634

TOTAL EXPENSES $1,415,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,134,166	$1,810,629	+0.2%
Expenses	$1,415,553	$1,308,924	+0.1%
Net Income	$718,613	$501,705	+0.4%

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

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

$124,886

Total Directors

$124,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLA GAINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TREATER PRESTINE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
IAN CARROLL	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE VASSALLO	TREASURER	1.00	Officer Director	$0	$0	$0
SHARYL KATO	EXECUTIVE DIRECTOR	40.00	Officer Director	$116,795	$8,091	$124,886
ROBIN VALLEY MASSEY	MEMBER	1.00	Director	$0	$0	$0
LAURA HOUSER	MEMBER	1.00	Director	$0	$0	$0
MEE SOON LANGOHR	MEMBER	1.00	Director	$0	$0	$0
ALYSSA CORIELL SCHULTZ	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$2,134,166	$1,415,553	$3,267,618	$718,613
2022	$1,810,629	$1,308,924	$2,543,966	$501,705
2021	$1,677,321	$1,373,197	$2,101,326	$304,124
2020	$1,528,762	$1,202,406	$1,738,778	$326,356
2019	$1,082,599	$1,004,528	$1,421,620	$78,071
2018	$981,968	$968,699	$1,318,685	$13,269

THE RAINBOW PROJECT INC