Rainbow Community School

EIN: 561217861 501(c)(3) Education

Asheville, NC

Total Revenue
$3,943,149
Total Expenses
$3,814,118
Total Assets
$5,197,675
Net Assets
$3,273,600
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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
1977
Legal Domicile
NC
Principal Officer
Susie Fahrer
Phone
8282589264
Tax Period
2024-07-01 to 2025-06-30

Rainbow Community School, founded in 1977, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 3% surplus.

Mission

We develop accomplished, confident, and creative learners who are prepared to be compassionate leaders in building a socially just, spiritually connected, and environmentally sustainable 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 $768,509
Program Service Revenue $2,996,309
Investment Income $98,747
Other Revenue $79,584
TOTAL REVENUE $3,943,149

Expense Breakdown

Grants Paid $593,591
Salaries & Benefits $2,479,360
Fundraising Expenses $39,313
Program Expenses $2,966,597
Other Expenses $741,167
TOTAL EXPENSES $3,814,118

Year-over-Year Comparison

2024 2023 Change
Revenue $3,943,149 $3,242,201 +0.2%
Expenses $3,814,118 $3,125,790 +0.2%
Net Income $129,031 $116,411 +0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
62
Volunteers
40

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
$94,539
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Susan Fahrer Executive Director 40.00
Officer
$88,900 $5,639 $94,539
Kali DeWine Chair 6.00
Officer Director
$0 $0 $0
Dusty McKeelan Vice-Chair 4.00
Officer Director
$0 $0 $0
Sevn McAuley Treasurer 6.00
Officer Director
$0 $0 $0
Ruth Bhakta Secretary 3.00
Officer Director
$0 $0 $0
Melissa Scott Member 3.00
Director
$0 $0 $0
Amy Mitchell Member 4.00
Director
$0 $0 $0
Pamela Goodrum Member 3.00
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
2025 $3,943,149 $3,814,118 $5,197,675 $129,031
2024 $3,242,201 $3,125,790 $4,987,179 $116,411
2023 $3,307,098 $3,105,218 $4,872,290 $201,880
2022 $3,131,293 $2,868,931 $4,771,350 $262,362
2021 $3,035,384 $2,535,410 $4,548,952 $499,974
2020 $2,780,300 $2,647,440 $4,366,060 $132,860
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