RAINBOW RAILROAD USA INC

EIN: 474896980 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$3,009,358
Total Expenses
$3,737,300
Total Assets
$3,078,651
Net Assets
$3,013,610
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NJ
Principal Officer
BRUCE KOFF
Phone
6468776389
Tax Period
2024-01-01 to 2024-12-31

RAINBOW RAILROAD USA INC, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $3.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO HELP LESBIAN, GAY, BISEXUAL AND TRANS-IDENTIFIED (LGBT) PEOPLE AS THEY SEEK SAFE HAVEN FROM STATE ENABLED VIOLENCE, MURDER OR PERSECUTION IN COUNTRIES ALL OVER THE WORLD.

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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 $2,912,544
Program Service Revenue $0
Investment Income $102,605
Other Revenue $-5,791
TOTAL REVENUE $3,009,358

Expense Breakdown

Grants Paid $1,085,611
Salaries & Benefits $863,831
Fundraising Expenses $706,461
Program Expenses $2,873,847
Other Expenses $1,619,762
TOTAL EXPENSES $3,737,300

Year-over-Year Comparison

2024 2023 Change
Revenue $3,009,358 $3,163,455 0.0%
Expenses $3,737,300 $4,538,760 -0.2%
Net Income $-727,942 $-1,375,305 -0.5%
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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Governance

Voting Members
5
Independent Members
5
Employees
10
Volunteers
7

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
6
$110,860
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE KOFF CHAIR 6.00
Officer Director
$0 $0 $0
MUNEER PANJWANI VICE CHAIR 6.00
Officer Director
$0 $0 $0
IAN GREGOIRE TREASURER 6.00
Officer Director
$0 $0 $0
MALIK BROWN SECRETARY 5.00
Officer Director
$0 $0 $0
EDAFE OKPORO SECRETARY, THRU 01/2024 1.00
Officer Director
$0 $0 $0
KAREN HAYOX DIRECTOR, THRU 01/2024 1.00
Director
$0 $0 $0
JULIAN MORRIS DIRECTOR 5.00
Director
$0 $0 $0
REBECCA MCFARLANE INTERIM CEO, HEAD OF OPERATIONS 37.50
Officer
$0 $0 $110,860
KATHRYN HAMPTON HEAD OF IMPACT 37.50
Highest
$129,864 $12,524 $142,388
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 No data No data No data No data
2024 $3,009,358 $3,737,300 $3,078,651 $-727,942
2023 $3,163,455 $4,538,760 $3,938,163 $-1,375,305
2022 $7,933,604 $3,645,513 $5,428,678 $4,288,091
2021 $2,243,493 $1,856,866 $1,178,163 $386,627
2020 $1,289,305 $1,182,283 $628,620 $107,022
2019 $1,342,812 $1,176,309 $338,968 $166,503
2018 $704,233 $883,154 $176,119 $-178,921
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