RAINBOW SANDALS FOUNDATION (EIN 465353765) - 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

2014

Legal Domicile

Principal Officer

JAY R LONGLEY

Phone

9494924930

Tax Period

2024-01-01 to 2024-12-31

RAINBOW SANDALS FOUNDATION, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

TO FEED AND ASSIST HOMELESS PEOPLE

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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 $2,062,301

Program Service Revenue $1,800

Investment Income $21,506

Other Revenue $0

TOTAL REVENUE $2,085,607

Expense Breakdown

Grants Paid $1,736,826

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $2,099,487

Other Expenses $332,661

TOTAL EXPENSES $2,099,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,085,607	$3,754,546	-0.4%
Expenses	$2,099,487	$3,803,952	-0.4%
Net Income	$-13,880	$-49,406	-0.7%

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY R LONGLEY JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHANYA LONGLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
SHANNON RUIZ	TREASURER	6.00	Officer	$30,000	$0	$30,000

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	$2,085,607	$2,099,487	$1,339,330	$-13,880
2023	$3,754,546	$3,803,952	$1,179,689	$-49,406
2022	$1,687,215	$2,044,461	$1,050,470	$-357,246
2021	$2,207,730	$2,174,037	$1,677,310	$33,693
2020	$416,622	$715,888	$1,299,979	$-299,266
2019	$297,694	$127,380	$1,398,422	$170,314
2018	$48,754	$59,497	$1,060,180	$-10,743

RAINBOW SANDALS FOUNDATION