UNDER THE RAINBOW EARLY EDUCATION CENTER

EIN: 411822820 501(c)(3) Human Services

RED WING, MN

Total Revenue
$1,604,735
Total Expenses
$1,735,231
Total Assets
$1,346,806
Net Assets
$951,949
🔒

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
1995
Legal Domicile
MN
Principal Officer
MICHELLE FINHOLDT
Phone
6513886433
Tax Period
2024-01-01 to 2024-12-31

UNDER THE RAINBOW EARLY EDUCATION CENTER, founded in 1995, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

OPENING THE PATHWAY TO ALLOW CHILDREN TO GROW, LEARN AND DEVELOP TO THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $1,486,859 Revenue: $1,472,180

UNDER THE RAINBOW EARLY EDUCATION CENTER OPERATED 12 MONTHS IN 2024 FULFILLING ITS MISSION OF 'OPENING THE PATHWAY TO ALLOW CHILDREN TO LEARN, GROW AND DEVELOP TO THEIR FULL POTENTIAL.' WE WORK DAILY...

Read more

UNDER THE RAINBOW EARLY EDUCATION CENTER OPERATED 12 MONTHS IN 2024 FULFILLING ITS MISSION OF 'OPENING THE PATHWAY TO ALLOW CHILDREN TO LEARN, GROW AND DEVELOP TO THEIR FULL POTENTIAL.' WE WORK DAILY ON PROMOTING PHYSICAL, INTELLECTUAL, SOCIAL, AND EMOTIONAL DEVELOPMENT FOR THE CHILDREN. WE TAKE GREAT PRIDE IN THE WORK WE DO! WE SERVED THE GENERAL PUBLIC OF RED WING AND SURROUNDING COMMUNITITES ALLOWNG THEM THE OPPORTUNITY TO BE EMPLOYED OR TO FURTHER THEIR EDUCATION. DURING THE YEAR WE HAD AN AVERAGE ENROLLMENT OF 180 FULL/PART TIME CHILDREN. CHILDREN OF LOW INCOME PARENTS RECEIVING FINANCIAL ASSISTANCE MADE UP APPROXIMATELY 25% OF THE ENROLLMENT. WE WORK WITH SOCIAL SERVICES FROM GOODHUE, WABASHA, PIERCE AND DUNN COUNTIES, THE STATE OF WASHINGTON AS WELL AS THE PRAIRIE ISLAND TRIBAL COMMUNITY.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $136,723
Program Service Revenue $1,472,180
Investment Income $-4,168
Other Revenue $0
TOTAL REVENUE $1,604,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,327,493
Fundraising Expenses $70,593
Program Expenses $1,486,859
Other Expenses $407,738
TOTAL EXPENSES $1,735,231

Year-over-Year Comparison

2024 2023 Change
Revenue $1,604,735 $2,227,177 -0.3%
Expenses $1,735,231 $1,656,679 +0.0%
Net Income $-130,496 $570,498 -1.2%
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
3
Independent Members
3
Employees
59
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
2
$126,688
Total Directors
3
$126,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE FINHOLDT CHAIRMAN 40.00
Officer Director
$126,688 $0 $126,688
BOB KUBES TREASURER 2.00
Officer Director
$0 $0 $0
DAVE MUELKEN DIRECTOR 2.00
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 $1,604,735 $1,735,231 $1,346,806 $-130,496
2023 $2,227,177 $1,656,679 $1,580,059 $570,498
2022 $1,443,467 $1,469,377 $954,956 $-25,910
2021 $1,258,850 $1,376,545 $1,025,983 $-117,695
2020 $1,306,338 $1,170,504 $1,147,631 $135,834
2019 $1,267,231 $1,146,411 $1,108,270 $120,820
2018 $1,121,272 $970,043 $1,048,801 $151,229
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare UNDER THE RAINBOW EARLY EDUCATION CENTER with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.