RAINBOW ABILITIES CENTER INC (EIN 431294508) - 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

1983

Legal Domicile

Principal Officer

CHERYL LENAU

Phone

6365834235

Tax Period

2024-07-01 to 2025-06-30

RAINBOW ABILITIES CENTER INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $467K, a strong 23% operating margin.

Mission

TO PROVIDE CHALLENGES AND SUPPORT THROUGH LEARNING OPPERTUNITIES TO INDIVIDUALS WITH DISABILITIES SO THEY CAN USE THEIR GIFTS AND TALENTS TO BECOME VITAL MEMBERS OF THEIR 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 $36,853

Program Service Revenue $1,944,834

Investment Income $55,025

Other Revenue $11,203

TOTAL REVENUE $2,047,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,152,469

Fundraising Expenses $0

Program Expenses $1,383,058

Other Expenses $427,952

TOTAL EXPENSES $1,580,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,047,915	$2,071,184	0.0%
Expenses	$1,580,421	$1,424,463	+0.1%
Net Income	$467,494	$646,721	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY BAILEY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KATHY JUERGENS	BOARD MEMBER	N/A	Director	$0	$0	$0
BARBARA LABERER	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHERYL LENAU	PRESIDENT	N/A	Officer Director	$0	$0	$0
KATHY LUTTRELL	BOARD MEMBER	N/A	Director	$0	$0	$0
CINDY MENKE	BOARD MEMBER	N/A	Director	$0	$0	$0
JOAN STOCK	TREASURER	N/A	Officer Director	$0	$0	$0
STACEY SIEFKEN	SECRETARY	N/A	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
2025	$2,047,915	$1,580,421	$3,824,645	$467,494
2024	$2,071,184	$1,424,463	$3,376,820	$646,721
2023	$1,377,385	$1,083,565	$2,738,863	$293,820
2022	$1,140,928	$1,072,537	$2,446,765	$68,391
2021	$946,908	$891,028	$2,403,305	$55,880
2020	$1,157,656	$865,687	$2,329,058	$291,969
2019	$1,145,165	$802,192	$2,034,383	$342,973

RAINBOW ABILITIES CENTER INC