RAINBOW FOUNDATION FUND INC (EIN 431740532) - 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

1995

Legal Domicile

Principal Officer

MATTHEW ELMORE

Phone

3147850406

Tax Period

2024-01-01 to 2024-12-31

RAINBOW FOUNDATION FUND INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $131K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $115K, a strong 88% operating margin.

Mission

INVESTMENT MANAGEMENT SUPPORT

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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 $12,807

Program Service Revenue $0

Investment Income $118,577

Other Revenue $0

TOTAL REVENUE $131,384

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,199

Other Expenses $16,199

TOTAL EXPENSES $16,199

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,384	$167,685	-0.2%
Expenses	$16,199	$15,205	+0.1%
Net Income	$115,185	$152,480	-0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GARDENER	TREASURER	002.00	Officer Director	$0	$0	$0
DENNY HAYDEN	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
KATHRYN R REDMOND	PRESIDENT	002.00	Officer Director	$0	$0	$0
BRENDA WEBER	SECRETARY	002.00	Officer Director	$0	$0	$0
LELE ENGLER	DIRECTOR	002.00	Director	$0	$0	$0
CHRIS BARBOUR	DIRECTOR	002.00	Director	$0	$0	$0
ELLEEN COLE	DIRECTOR	002.00	Director	$0	$0	$0
MARCUS ADRIAN	RBV PROPERTIES PRESIDENT	002.00	Director	$0	$0	$0
VAN BROKAW	DIRECTOR	002.00	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	$131,384	$16,199	$5,558,634	$115,185
2023	No data	No data	$4,833,493	No data
2023	$167,685	$15,205	$5,258,815	$152,480
2022	$342,619	$15,458	$4,833,493	$327,161
2021	$436,513	$15,828	$5,562,969	$420,685
2020	$285,243	$13,623	$4,846,269	$271,620
2019	$227,944	$13,836	$4,572,300	$214,108
2018	$396,586	$14,657	$3,930,092	$381,929

RAINBOW FOUNDATION FUND INC