RAINBOW COMMUNITY CENTER INC (EIN 582600843) - 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

1996

Legal Domicile

Principal Officer

JOHN D DOSTER

Tax Period

2022-01-01 to 2022-12-31

RAINBOW COMMUNITY CENTER INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $111K in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 112% operating deficit.

Mission

PROVIDE EMERGENCY SHELTER WARMING CENTER, TRANSITIONAL HOUSING, PROVIDE CLOTHES FOR MEN WOMEN AND CHILDREN, FEED THE HOMELESS

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,940

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,484

Fundraising Expenses $0

Program Expenses $234,676

Other Expenses $99,192

TOTAL EXPENSES $234,676

Year-over-Year Comparison

	2022	2021	Change
Revenue	$110,940	$197,968	-0.4%
Expenses	$234,676	$240,701	0.0%
Net Income	$-123,736	$-42,733	+1.9%

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

$60,600

Key Employees

$51,030

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN D DOSTER	CHAIRMAN	5	Officer	$0	$0	$0
WINSTON WILLIA	VICE CHAIR	8	Officer	$0	$0	$0
DIANNE PRICE	SECRETARY	4	Officer	$0	$0	$0
TIFFANY USHER	VICE SECRETARY	4	Officer	$0	$0	$0
PATRICIA WHITE	TREASURER	3	Officer	$0	$0	$0
DR B LOGAN	MEMBER	8	Officer	$0	$0	$0
KENNETH SMITH	MEMBER	3	Officer	$0	$0	$0
TONGELA SMITH	MEMBER	3	Officer	$0	$0	$0
BETTY WADE	MEMBER	2	Officer	$0	$0	$0
CHARLENE ELLIS	MEMBER	3	Officer	$0	$0	$0
WILLIAM HURT	MEMBER	5	Officer	$0	$0	$0
CLARA LETT	DIRECTOR	60	Director	$0	$0	$43,500
CATHERINE WARR	ASST DIRECTOR	40	Director	$0	$0	$17,100
JOSEPH HARDGE	SECURITY	40	Key Emp	$0	$0	$18,926
SHANTAVIOUS DE	OFFICE MGR	40	Key Emp	$0	$0	$18,430
WALTER LATIMOR	SECURITY	40	Key Emp	$0	$0	$13,674

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
2022	$110,940	$234,676	$4,028	$-123,736
2021	$197,968	$240,701	$130,431	$-42,733
2020	$373,069	$306,515	$246,342	$66,554
2019	$235,691	$193,490	$155,556	$42,201

RAINBOW COMMUNITY CENTER INC