RAIN SOURCE CAPITAL

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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

1998

Legal Domicile

Principal Officer

STEVEN B MERCIL

Phone

6516322140

Tax Period

2017-07-01 to 2018-06-30

RAIN SOURCE CAPITAL, founded in 1998, is a micro nonprofit that reported $66K in total revenue in fiscal year 2017. Expenses of $246K exceeded revenue, resulting in a 273% operating deficit.

Mission

RAIN SOURCE CAPITAL IS A NON-PROFIT CORPORATION DEDICATED TO PROMOTING COMMUNITY ECONOMIC DEVELOPMENT BY BUILDING THE CAPACITY FOR EQUITY INVESTMENT. THIS IS ACCOMPLISHED BY MAKING EQUITY INVESTMENTS IN COMPANIES DIRECTLY FROM RAIN SOURCE CAPITAL AND CATALYZING ENVESTMENT.

Program Service Accomplishments

Program 1

Expenses: $243,393 Revenue: $66,055

RAIN SOURCE CAPITAL MAKES INVESTMENTS TO ADVANCE STRATEGIC IMPERATIVES THAT RESULT IN TECHNOLOGY-PROFICIENT, HIGH GROWTH BUSINESSES CAPABLE OF CREATING GOOD JOBS. THEY ALSO PROVIDE APPROPRIATE...

RAIN SOURCE CAPITAL MAKES INVESTMENTS TO ADVANCE STRATEGIC IMPERATIVES THAT RESULT IN TECHNOLOGY-PROFICIENT, HIGH GROWTH BUSINESSES CAPABLE OF CREATING GOOD JOBS. THEY ALSO PROVIDE APPROPRIATE BUSINESS EXPERTISE TO INCREASE THE LIKELIHOOD OF SUCCESS, AND ASSURE SELF-SUFFICIENCY FOR RAIN SOURCE CAPITAL BY PROVIDING A RETURN APPROPRIATE FOR THE RISK IN ORDER TO ASSURE THE FUNDING PERMANENCE AND ALLOW THE GAINS TO BE REINVESTED IN NEW OPPORTUNITIES. INVESTMENT DECISIONS ARE BASED ON DISCIPLINED, PROFESSIONAL AND SOUND BUSINESS EVALUATION IN ORDER TO PROTECT THE MISSION OF RAIN SOURCE CAPITAL.RAIN SOURCE CAPITAL STRIVES TO CORRECT IDENTIFIED BARRIERS TO CAPITAL FORMATION BY BUILDING STRONGER, MORE ACCESSIBLE, REGIONAL AND/OR LOCALLY BASED POOLS OF CAPITAL. THIS WILL LEAD TO A COORDINATED PROCESS TO DISCOVER, EVALUATE, AND MONITOR INVESTMENT OPPORTUNITIES IN A GIVEN GEOGRAPHIC AREA.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,540

Investment Income $8

Other Revenue $2,515

TOTAL REVENUE $66,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,393

Other Expenses $246,490

TOTAL EXPENSES $246,490

Year-over-Year Comparison

	2017	2016	Change
Revenue	$66,063	N/A	N/A
Expenses	$246,490	N/A	N/A
Net Income	$-180,427	$0	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA LAITALA	CHAIR	5.00	Officer Director	$0	$0	$0
KEITH ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN B MERCIL	CEO	40.00	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
2018	$66,063	$246,490	$3,411,532	$-180,427