RAINBOW VILLAGE PROPERTIES INC (EIN 680574765) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

MATTHEW ELMORE

Phone

3145671522

Tax Period

2023-01-01 to 2023-12-31

RAINBOW VILLAGE PROPERTIES INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 7% surplus.

Mission

LOW INCOME HOUSING FOR THE DISABLED ELDERLY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,046,770

Program Service Revenue $1,290,582

Investment Income $238,394

Other Revenue $-48,242

TOTAL REVENUE $2,527,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,993

Fundraising Expenses $265,805

Program Expenses $1,728,124

Other Expenses $1,539,662

TOTAL EXPENSES $2,352,655

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,527,504	$2,172,794	+0.2%
Expenses	$2,352,655	$2,108,959	+0.1%
Net Income	$174,849	$63,835	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$115,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICK YAEGER	DIRECTOR	2.00	Director	$0	$0	$0
LELE ENGLER	DIRECTOR	2.00	Director	$0	$0	$0
MIKE GARDNER	DIRECTOR	2.00	Director	$0	$0	$0
MEGHANN SCHULZ	DIRECTOR	2.00	Director	$0	$0	$0
DENNY HAYDEN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE LETZ	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN REDMOND	DIRECTOR	2.00	Director	$0	$0	$0
VANESSA KERNER	DIRECTOR	2.00	Director	$0	$0	$0
MARK YAEGER	DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN COOPER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISSY BECK	DIRECTOR	2.00	Director	$0	$0	$0
JIM HEGGER	DIRECTOR	2.00	Director	$0	$0	$0
MATT ELMORE	EXECUTIVE DIRECTOR	40.00	Officer	$115,301	$0	$115,301
MARCUS ADRIAN	PRESIDENT	2.00	Officer	$0	$0	$0
CATHY ASH	VICE PRESIDENT	2.00	Officer	$0	$0	$0
BRENDA WEBER	TREASURER	2.00	Officer	$0	$0	$0
CHRIS BARBOUR	SECRETARY	2.00	Officer	$0	$0	$0
EILEEN COLE	IMMEDIATE PAST PRESIDENT	2.00	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
2024	No data	No data	No data	No data
2023	$2,527,504	$2,352,655	$11,347,875	$174,849
2023	No data	No data	$11,402,368	No data
2022	$2,172,794	$2,108,959	$11,402,368	$63,835
2021	$2,913,531	$2,043,054	$11,271,760	$870,477
2020	$2,061,908	$2,004,707	$10,442,752	$57,201
2019	$2,133,673	$1,944,415	$10,347,262	$189,258
2018	$2,231,720	$1,886,395	$10,429,058	$345,325

RAINBOW VILLAGE PROPERTIES INC