RAINBOW FARMS INC

EIN: 640784940 501(c)(3) Human Services

VICKSBURG, MS

Total Revenue
$90,937
Total Expenses
$126,002
Total Assets
$90,790
Net Assets
$-36,597
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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
1990
Legal Domicile
MS
Phone
6016388372
Tax Period
2024-01-01 to 2024-12-31

RAINBOW FARMS INC, founded in 1990, is a micro nonprofit in the Human Services sector that reported $91K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROVIDING THERAPEUTIC SERVICES FOR HANDICAPPED CHILDREN AND ADULTS.

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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 $59,160
Program Service Revenue $31,768
Investment Income $9
Other Revenue $0
TOTAL REVENUE $90,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,557
Fundraising Expenses $0
Program Expenses $26,455
Other Expenses $89,445
TOTAL EXPENSES $126,002

Year-over-Year Comparison

2024 2023 Change
Revenue $90,937 $124,754 -0.3%
Expenses $126,002 $158,588 -0.2%
Net Income $-35,065 $-33,834 +0.0%
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
1
Independent Members
N/A
Employees
1
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
1
$27,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leigh Ann Nosser President 40.00
Officer
$27,000 $0 $27,000
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 $90,937 $126,002 $90,790 $-35,065
2023 $124,754 $158,588 $127,553 $-33,834
2022 $142,777 $185,330 $160,310 $-42,553
2021 $175,621 $145,009 $159,502 $30,612
2020 $104,578 $102,620 $116,509 $1,958
2019 $118,968 $119,719 $63,517 $-751
2018 $141,284 $130,364 $64,190 $10,920
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