RAINBOW HEALTH MINNESOTA

EIN: 411524746 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$13,975,786
Total Expenses
$11,985,898
Total Assets
$4,867,650
Net Assets
$4,122,888
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
Principal Officer
JEREMY HANSON WILLIS
Phone
6123732407
Tax Period
2022-01-01 to 2022-12-31

RAINBOW HEALTH MINNESOTA, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $14.0M in total revenue in fiscal year 2022. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $12.0M left a modest 14% surplus.

Mission

RAINBOW HEALTH WORKS FOR EQUITABLE HEALTH CARE ACCESS AND OUTCOMES FOR PEOPLE WHO EXPERIENCE INJUSTICE AT THE INTERSECTION OF HEALTH STATUS AND IDENTITY. WE CENTER PEOPLE AND COMMUNITIES AT RISK OF AND LIVING WITH HIV OR FACING BARRIERS TO EQUITABLE HEALTH CARE ACCESS AND OUTCOMES BECAUSE OF THEIR IDENTITY AS GENDER, SEXUAL, OR RACIAL MINORITIES. RAINBOW HEALTH EXISTS TO END HIV AND LGBTQ HEALTH DISPARITIES. WE HELP PEOPLE NAVIGATE HEALTHCARE SYSTEMS BY BREAKING DOWN BARRIERS, ESPECIALLY LGBTQ+ PEOPLE, THOSE AFFECTED BY HIV, AND OTHERS FACING BARRIERS TO EQUITABLE HEALTH CARE. WE BRING OUR PURPOSE TO LIFE IN TWO WAYS: FIRST, BY DIRECTLY SERVING AND SUPPORTING PEOPLE WITH NON-JUDGMENTAL AND COMPASSIONATE CARE. AND SECOND, BY FIGHTING FOR BETTER HEALTH SYSTEMS FOR THOSE ERASED AND EXCLUDED.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $12,054,950
Program Service Revenue $1,898,058
Investment Income $22,778
Other Revenue $0
TOTAL REVENUE $13,975,786

Expense Breakdown

Grants Paid $4,269,485
Salaries & Benefits $5,022,000
Fundraising Expenses $287,178
Program Expenses $10,350,288
Other Expenses $2,667,625
TOTAL EXPENSES $11,985,898

Year-over-Year Comparison

2022 2021 Change
Revenue $13,975,786 $9,913,931 +0.4%
Expenses $11,985,898 $9,745,454 +0.2%
Net Income $1,989,888 $168,477 +10.8%
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

Sign In

Governance

Voting Members
18
Independent Members
18
Employees
74
Volunteers
22

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
8
$276,892
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE ABDERHOLDEN DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN BRENK BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
JEFF CROSS DIRECTOR 1.00
Director
$0 $0 $0
TYLER CURRY-MCGRATH DIRECTOR 1.00
Director
$0 $0 $0
JESSICA DALY GOVERNANCE CHAIR 1.00
Officer Director
$0 $0 $0
DONNA DIMENNA DIRECTOR 1.00
Director
$0 $0 $0
ANGELA KADE GOEPFERD DIRECTOR 1.00
Director
$0 $0 $0
FUZZ HUSSAIN DIRECTOR 1.00
Director
$0 $0 $0
RYAN LANGEM INTERNAL AFFAIRS COMMITTEE CHAIR, TREASURER 1.00
Officer Director
$0 $0 $0
PRITIKA KUMAR DIRECTOR 1.00
Director
$0 $0 $0
CYRUS MALBARI BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TAMRA MOORE DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL MUDRA VICE CHAIR 1.00
Officer Director
$0 $0 $0
SHANE PUGH DIRECTOR 1.00
Director
$0 $0 $0
MARITZA STEELE DIRECTOR 1.00
Director
$0 $0 $0
WALLY SWAN DIRECTOR 1.00
Director
$0 $0 $0
NATASHA TORRES EXTERNAL AFFAIRS COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
ROGER WHITE DIRECTOR 1.00
Director
$0 $0 $0
JEREMY HANSON WILLIS CEO 40.00
Officer
$182,044 $1,820 $183,864
FELICIA RING FINANCE DIRECTOR 40.00
Officer
$93,028 $0 $93,028
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
2022 $13,975,786 $11,985,898 $4,867,650 $1,989,888
2021 $9,913,931 $9,745,454 $2,857,145 $168,477
2019 $5,924,977 $6,577,917 $2,179,378 $-652,940
2018 $5,811,686 $6,512,004 $2,983,389 $-700,318
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RAINBOW HEALTH MINNESOTA with other nonprofits in Minnesota and across the country.