RAINBOW FLEET INC

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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

1979

Legal Domicile

Phone

4055211426

Tax Period

2023-07-01 to 2024-06-30

RAINBOW FLEET INC, founded in 1979, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE INNOVATIVE EDUCATIONAL CHILD CARE DEVELOPMENT PROGRAMS AND SERVICES THAT ENHANCE THE QUALITY OF LIFE FOR CHILDREN, THEIR FAMILIES AND CHILD CARE PROFESSIONALS.

Program Service Accomplishments

Program 1

Expenses: $1,875,565 Revenue: $0

CHILD AND ADULT CARE FOOD PROGRAM - NUTRITIONAL TRAINING AND PROCESSING OF CLAIMS FOR MEAL REIMBURSEMENTS FOR FAMILY CARE HOME PROVIDERS LICENSED THROUGH THE OKLAHOMA DEPARTMENT OF HUMAN SERVICES.

Program 2

Expenses: $750,858 Revenue: $0

CHILD CARE RESOURCE REFERRAL - SPECIALISTS PROVIDE CONSULTATIONS WITH FAMILIES AND THE COMMUNITY IN AN EFFORT TO PROVIDE THE MOST CURRENT AND ACCURATE INFORMATION ABOUT CHILD CARE OPTIONS, QUALITY...

CHILD CARE RESOURCE REFERRAL - SPECIALISTS PROVIDE CONSULTATIONS WITH FAMILIES AND THE COMMUNITY IN AN EFFORT TO PROVIDE THE MOST CURRENT AND ACCURATE INFORMATION ABOUT CHILD CARE OPTIONS, QUALITY INDICATORS AND RELATED RESOURCES. RAINBOW FLEET PROVIDES TRAINING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO CHILD CARE PROVIDERS.

Program 3

Expenses: $1,219,594 Revenue: $1,204,723

EARLY EDUCATION CENTER AND AFTER SCHOOL PROGRAM - SET THE HIGHEST STANDARD OF EXCELLENCE FOR EARLY EDUCATION IN OKLAHOMA CITY. EMPLOYING RESEARCH-BASED TEACHING PRACTICES AND MONTESSORI PEDAGOGY...

EARLY EDUCATION CENTER AND AFTER SCHOOL PROGRAM - SET THE HIGHEST STANDARD OF EXCELLENCE FOR EARLY EDUCATION IN OKLAHOMA CITY. EMPLOYING RESEARCH-BASED TEACHING PRACTICES AND MONTESSORI PEDAGOGY EARLY LEARNING METHODS, THE CENTERS HIGHLY SKILLED CHILD DEVELOPMENT EXPERTS CREATE AN OPTIMAL ENVIRONMENT FOR THE CHILDREN WHO ATTEND.

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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 $3,339,815

Program Service Revenue $1,224,090

Investment Income $2,840

Other Revenue $8,872

TOTAL REVENUE $4,575,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,902,578

Fundraising Expenses $2,211

Program Expenses $4,377,866

Other Expenses $2,832,515

TOTAL EXPENSES $4,735,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,575,617	$4,040,302	+0.1%
Expenses	$4,735,093	$4,400,904	+0.1%
Net Income	$-159,476	$-360,602	-0.6%

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

$70,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QUISHA BEARDSLEY	EXECUTIVE DIRECTOR (EFF 4-24)_	40.00	Officer	$0	$0	$0
CARRI HICKS	EXECUTIVE DIRECTOR (thru 9-23)	40.00	Officer	$68,713	$1,866	$70,579
SCOTT MARSH	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
EMMA PAYNE	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
DELYNN FUDGE	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
AMANDA COLEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE HELLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY PADGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE SCHULTHEIS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN WADE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBYN SEARS	BOARD MEMBER	1.00	Director	$0	$0	$0
MILES PRINGLE	BOARD MEMBER (THRU 10-23)	1.00	Officer Director	$0	$0	$0
JODIE GIOCONDI	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY ROTEN	BOARD MEMBER	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$4,575,617	$4,735,093	$1,163,644	$-159,476
2023	$4,040,302	$4,400,904	$1,104,380	$-360,602
2022	$3,295,640	$2,983,556	$1,288,760	$312,084
2021	$2,837,128	$2,563,136	$1,130,305	$273,992
2020	$2,117,164	$1,936,542	$776,474	$180,622
2019	$1,907,515	$1,970,420	$508,915	$-62,905
2018	$1,941,415	$1,916,555	$556,904	$24,860