Rainbow Access Initiative dba Prism Counseling and Advocacy (EIN 412148602) - 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

2019

Legal Domicile

Phone

5188012521

Tax Period

2024-01-01 to 2024-12-31

Rainbow Access Initiative dba Prism Counseling and Advocacy, founded in 2019, is a small nonprofit in the Health Care sector that reported $747K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum.

Mission

Prism Counseling and Advocacy was established to ensure that comprehensive, accessible, and culturally appropriate mental and physical health care are provided to lesbian, gay, bisexual, transgender, and queer (LGBTQ+) people, families, and communities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $320,712

Program Service Revenue $426,774

Investment Income $0

Other Revenue $0

TOTAL REVENUE $747,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $646,172

Fundraising Expenses $17,005

Program Expenses $659,929

Other Expenses $118,747

TOTAL EXPENSES $764,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$747,486	$343,430	+1.2%
Expenses	$764,919	$263,433	+1.9%
Net Income	$-17,433	$79,997	-1.2%

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

$92,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Megan O'Meara	Executive Dir.	40.00	Officer	$89,247	$3,467	$92,714
Acey Mercer	President	12.00	Officer Director	$0	$0	$0
Brianna Gaddy	Vice President	2.00	Officer Director	$0	$0	$0
Taylor Edelmann	Secretary	1.00	Officer Director	$0	$0	$0
Marina Fairchild	Treasurer	4.00	Officer Director	$0	$0	$0
Kitty McLeod	Director	0.50	Director	$0	$0	$0
Jeremy Boyce	Director	0.50	Director	$0	$0	$0
Nicole Bromley	Director	0.50	Director	$0	$0	$0
Nicole Bromley	Director	0.50	Director	$0	$0	$0
Michael Murphy	Director	0.50	Director	$0	$0	$0
Lauren LaCorazza	Director	0.50	Director	$0	$0	$0
April Marcopolos	Director	0.50	Director	$0	$0	$0
Vicky Cassis	Director	0.50	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	$747,486	$764,919	$120,989	$-17,433
2023	$343,430	$263,433	$116,070	$79,997

Rainbow Access Initiative dba Prism Counseling and Advocacy