RAINBOW OF LOVE INC (EIN 721580957) - 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

2003

Legal Domicile

Phone

7137798877

Tax Period

2023-01-01 to 2023-12-31

RAINBOW OF LOVE INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $506K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $226K, a strong 45% operating margin.

Mission

Rainbow of Love believes that no one should be homeless and every child and youth deserves to have love, safety, stability and permanence in their life and every person who is committed and qualified to being a parent should have that opportunity.

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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 $274,325

Program Service Revenue $135,760

Investment Income $0

Other Revenue $95,470

TOTAL REVENUE $505,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,524

Fundraising Expenses $5,110

Program Expenses $274,238

Other Expenses $114,824

TOTAL EXPENSES $279,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$505,555	$811,388	-0.4%
Expenses	$279,348	$395,873	-0.3%
Net Income	$226,207	$415,515	-0.5%

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

Volunteers

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

$9,408

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Richards	Administrator	30	Director	$9,408	$0	$9,408
B Amadi	ED	1	Director	$0	$0	$0
J Romero	Secretary	1	Officer	$0	$0	$0
T Umoren	Officer	1	Officer	$0	$0	$0
W Wade	Officer	1	Officer	$0	$0	$0
A Blanche	Officer	1	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	$505,555	$279,348	$1,271,909	$226,207
2022	$811,388	$390,763	$1,000,750	$420,625
2018	$255,961	$210,990	$181,255	$44,971

RAINBOW OF LOVE INC