RAINBOW HOSPICE CARE INC (EIN 391628298) - 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

1988

Legal Domicile

Principal Officer

CAROL BROWN

Phone

9206746255

Tax Period

2023-01-01 to 2023-12-31

RAINBOW HOSPICE CARE INC, founded in 1988, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE COMFORT, CARE AND MEANING FOR PATIENTS WHO ARE TERMINALLY ILL AND PROVIDE SUPPORT FOR THEIR FAMILY AND FRIENDS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $857,858

Program Service Revenue $11,235,643

Investment Income $88,771

Other Revenue $194,244

TOTAL REVENUE $12,376,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,059,894

Fundraising Expenses $36,168

Program Expenses $11,224,907

Other Expenses $3,982,125

TOTAL EXPENSES $13,042,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,376,516	$11,646,607	+0.1%
Expenses	$13,042,019	$11,335,204	+0.2%
Net Income	$-665,503	$311,403	-3.1%

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

139

Volunteers

175

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

$630,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN UTTECH	CHAIRMAN	4.00	Officer Director	$0	$0	$0
PHILLIP MERTENS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAMES NELSON	DIRECTOR	2.00	Director	$0	$0	$0
LISA JENSEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD KEDDINGTON	DIRECTOR	1.00	Director	$0	$0	$0
PATTY GEDEMER	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KLOPCIC	DIRECTOR	1.00	Director	$0	$0	$0
KAY WIPPERFURTH	DIRECTOR	1.00	Director	$0	$0	$0
RANDY PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
FRED GREMMELS	DIRECTOR	1.00	Director	$0	$0	$0
TINA CRAVE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY ALSTAD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LACKE CARRIG	PRESIDENT & CEO	40.00	Officer	$189,001	$110,065	$299,066
CAROL BROWN	VICE PRESIDENT & COO	45.00	Officer	$136,891	$42,326	$179,217
MICHAEL R MAIER II	SEC-TREASURER & CFO	40.00	Officer	$111,569	$40,961	$152,530
THOMAS MCGOREY	MEDICAL DIRECTOR	40.00	Highest	$247,636	$46,488	$294,124
SHAUNA LAMBRECHT NP	DIRECTOR OF PROVIDER SERVICES	40.00	Highest	$127,468	$27,279	$154,747
AMY JOHNSON	RN CASE MANAGER	40.00	Highest	$120,506	$28,327	$148,833
BETHANY BERG NP	NURSE PRACTITIONER	40.00	Highest	$102,349	$41,332	$143,681
AMANDA RADUEGE	RN CASE MANAGER	40.00	Highest	$104,459	$38,565	$143,024

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	$12,376,516	$13,042,019	$17,882,591	$-665,503
2022	$11,646,607	$11,335,204	$17,007,553	$311,403
2021	$12,464,541	$10,402,799	$17,717,854	$2,061,742
2020	$10,785,915	$9,595,625	$15,330,343	$1,190,290
2019	$8,959,376	$7,859,399	$12,494,594	$1,099,977
2018	$7,325,850	$6,818,460	$10,702,584	$507,390

RAINBOW HOSPICE CARE INC