THE RAINBOW NETWORK INC

EIN: 431720451 501(c)(3) Health Care

COLUMBIA, MO

Total Revenue
$1,596,062
Total Expenses
$2,201,280
Total Assets
$2,849,933
Net Assets
$2,783,068
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MO
Principal Officer
STACIE WILLIAMS
Phone
4178898088
Tax Period
2024-01-01 to 2024-12-31

THE RAINBOW NETWORK INC, founded in 1995, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO SHARE IN THE LOVE OF JESUS CHRIST BY PARTNERING WITH RURAL COMMUNITIES IN HEALTHCARE, EDUCATION, ECONOMIC DEVELOPMENT, AND HOUSING. THE WORK IS FOCUSED IN REMOTE LOCATIONS WHERE PEOPLE ARE LIVING IN DIRT- FLOOR SHACKS, WHERE THERE IS A LACK OF SANITATION, CLEAN WATER, AND MEDICAL CARE, AND WHERE EDUCATIONAL AND ECONOMIC DEVELOPMENT OPPORTUNITIES ARE LIMITED.

Program Service Accomplishments

Program 1
Expenses: $776,076 Revenue: $117,240

THE ORGANIZATION BUILDS SIMPLE CONCRETE HOMES WITH A SECURE WOOD OR METAL DOOR AND A CEMENT FLOOR TO PREVENT PARASITES. THESE HOUSES ARE BUILT 25 AT A TIME AND PROVIDED TO RECIPIENT FAMILIES FOR THE...

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THE ORGANIZATION BUILDS SIMPLE CONCRETE HOMES WITH A SECURE WOOD OR METAL DOOR AND A CEMENT FLOOR TO PREVENT PARASITES. THESE HOUSES ARE BUILT 25 AT A TIME AND PROVIDED TO RECIPIENT FAMILIES FOR THE COST OF BUILDING SUPPLIES FINANCED WITH NO INTEREST OVER A 10-25 YEAR PERIOD. COMMUNITY PARTICIPATION IS ESSENTIAL TO THE RAINBOW NETWORK'S HOUSING MODEL AND REFLECTS THE ORGANIZATION'S ROOTS IN HABITAT FOR HUMANITY. THE PRIDE AND EMPOWERMENT BUILT THROUGH THIS MODEL TRANSFERS INTO RESPONSIBILITY AND LIFELONG BENEFITS FOR HOMEOWNERS AND THEIR CHILDREN. THE ORGANIZATION OPERATES IN 91 RURAL COMMUNITIES, PARTNERING WITH NEARLY 45,000 PEOPLE IN A HAND-UP FASHION. CONSTRUCTION WAS COMPLETED ON 75 HOMES WHICH WERE SUPPLEMENTED WITH POTABLE WATER AND LATRINES.

Program 2
Expenses: $277,731

THE ORGANIZATION PROVIDES EDUCATION FOR PRIMARY AND SECONDARY STUDENTS IN PRIVATE HOMES OR COMMUNITY BUILDINGS THAT ALSO SERVE AS SCHOOLHOUSES. MORE THAN 7,000 CHILDREN RECEIVED REINFOREMENT CLASSES...

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THE ORGANIZATION PROVIDES EDUCATION FOR PRIMARY AND SECONDARY STUDENTS IN PRIVATE HOMES OR COMMUNITY BUILDINGS THAT ALSO SERVE AS SCHOOLHOUSES. MORE THAN 7,000 CHILDREN RECEIVED REINFOREMENT CLASSES IN CORE SUBJECTS AND NEARLY 1000 STUDENTS RECEIVED A HIGH SCHOOL EDUCATION.

Program 3
Expenses: $226,136

PROFESSIONAL HEALTHCARE DOES NOT EXIST IN MOST OF THE COMMUNITIES WHERE THE ORGANIZATION OPERATES. THE ORGANIZATION'S GOAL IS TO PROVIDE AT LEAST BASIC MEDICAL SERVICES NEEDED TO RELIEVE PAIN AND...

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PROFESSIONAL HEALTHCARE DOES NOT EXIST IN MOST OF THE COMMUNITIES WHERE THE ORGANIZATION OPERATES. THE ORGANIZATION'S GOAL IS TO PROVIDE AT LEAST BASIC MEDICAL SERVICES NEEDED TO RELIEVE PAIN AND SUFFERING, PLUS KEEP THE POPULATION HEALTHY AND FREE OF TREATABLE DISEASES. IT OFFERS SUPPORT TO THOSE WITH SPECIAL MEDICAL NEEDS THAT ARE BEYOND BASIC MEDICAL CARE, NOT ONLY ARRANGING FOR THE CARE, BUT ALSO ALL THE COSTS ASSOCIATED WITH THE SPECIAL TREATMENT AND/OR HOSPITAL NEEDED TO TREAT THE AILMENT, SURGERY OR REHABILITATION. OVER 15,000 MEDICAL PATIENTS WERE TREATED AND 2 MILLION MEALS WERE SERVED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,385,902
Program Service Revenue $117,240
Investment Income $63,159
Other Revenue $29,761
TOTAL REVENUE $1,596,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $715,899
Fundraising Expenses $145,877
Program Expenses $1,997,061
Other Expenses $1,485,381
TOTAL EXPENSES $2,201,280

Year-over-Year Comparison

2024 2023 Change
Revenue $1,596,062 $2,302,919 -0.3%
Expenses $2,201,280 $1,945,548 +0.1%
Net Income $-605,218 $357,371 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
8

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
5
$97,850
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF BAKER DIRECTOR 1.00
Director
$0 $0 $0
JULIE BURDIN DIRECTOR 2.00
Officer Director
$0 $0 $0
NEIL GUION DIRECTOR 1.00
Director
$0 $0 $0
KASEY HOCKMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JIM MONARCHIO TREASURER 2.00
Officer Director
$0 $0 $0
BILL POGSON DIRECTOR 1.00
Director
$0 $0 $0
STACIE WILLIAMS CHAIR 2.00
Officer Director
$0 $0 $0
SHELLEY ROGERS DIRECTOR 1.00
Director
$0 $0 $0
MEGAN HERRERA PRESIDENT 40.00
Officer
$95,000 $2,850 $97,850
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 $1,596,062 $2,201,280 $2,849,933 $-605,218
2023 $2,308,352 $1,988,738 $3,399,514 $319,614
2023 No data No data No data No data
2022 $2,265,343 $1,998,731 $3,131,212 $266,612
2021 $2,156,827 $1,480,140 $2,867,745 $676,687
2020 $1,905,641 $1,334,382 $2,305,351 $571,259
2019 $1,717,103 $1,583,005 $740,659 $134,098
2018 $1,788,432 $1,711,538 $608,483 $76,894
2017 $1,676,438 $1,663,537 $537,729 $12,901
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