Rainbow House Inc (EIN 581836963) - 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

1988

Legal Domicile

Principal Officer

Nel C Gordon

Phone

4046405917

Tax Period

2023-01-01 to 2023-12-31

Rainbow House Inc, founded in 1988, is a micro nonprofit that reported $699K in total revenue in fiscal year 2023. Revenue fell 160% from the prior year — a significant decline worth monitoring.

Mission

To provide comprehensive services to restore, heal, and rebuild the lives of children and families. The organization filed Chpt 7 bankruptcy on 6/7/2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-2,503,374

Other Revenue $1,804,642

TOTAL REVENUE $-698,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $25,433

TOTAL EXPENSES $25,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-698,732	$1,156,178	-1.6%
Expenses	$25,433	$1,705,373	-1.0%
Net Income	$-724,165	$-549,195	+0.3%

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
Neil C Gordon	Bankruptcy Trustee	N/A	Director	$0	$0	$0
Monica Scott	Former Board Chair	001.00	Director	$0	$0	$0
Arletta Bender	Former Assist Treasurer	001.00	Officer	$0	$0	$0
Josh Eberhat	Former Board Member	001.00	Officer	$0	$0	$0
Rhea Gumbs	Former Board Member	001.00	Officer	$0	$0	$0
Patricia Jordan	Former Co-Chair	001.00	Officer	$0	$0	$0
April Preston	Former Secretary	001.00	Officer	$0	$0	$0
Kenny Richardson	Former Assist Secretary	001.00	Officer	$0	$0	$0
Angela Smith	Former Treasurer	001.00	Officer	$0	$0	$0
Latoya Smith	Former Board Member	001.00	Officer	$0	$0	$0
Danielle Williams	Former Board Member	001.00	Officer	$0	$0	$0
Mandela Wise	Former Board Member	001.00	Officer	$0	$0	$0
Sadie Wise	Former Board Member	001.00	Officer	$0	$0	$0
Yoshica Wright	Former Board Member	001.00	Officer	$0	$0	$0
Carol Yancy	Former Board Member	001.00	Officer	$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
2023	$-698,732	$25,433	No data	$-724,165
2022	$1,156,178	$1,705,373	$2,592,252	$-549,195
2021	$878,574	$1,169,564	$2,902,427	$-290,990
2020	$1,322,510	$1,369,386	$1,019,301	$-46,876
2019	$1,442,863	$1,322,052	$814,362	$120,811
2018	$1,365,511	$1,330,830	$724,872	$34,681

Rainbow House Inc