RAINBOW SENIOR CENTER

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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

1986

Legal Domicile

Principal Officer

OLIVIA S BURDICK

Phone

8302492114

Tax Period

2023-10-01 to 2024-09-30

RAINBOW SENIOR CENTER, founded in 1986, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $5.4M represent 33 months of operating reserves.

Mission

NUTRITIONAL, TRANSPORTATION AND ACTIVITY PROGRAMS FOR SENIOR CITIZENS OF THE BOERNE, TEXAS AREA.

Program Service Accomplishments

Program 1

Expenses: $1,253,734 Revenue: $267,462

THE CENTER IS A MULTISERVICE ORGANIZATION SERVING TO ENRICH THE QUALITY OF LIFE FOR OLDER ADULTS. ESTABLISHED IN 1983 AS THE RAINBOW SENIOR CENTER AND NOW OPERATING AT ITS CURRENT LOCATION, KRONKOSKY PLACE, THE ORGANIZATION WAS RENAMED AS "THE CENTER" TO BETTER ENCOMPASS THE VARIETY OF EXISTING PROGRAMS WHICH SPAN THE SOCIAL, HEALTH AND LIFESTYLE NEEDS OF OLDER ADULTS. THE MISSION IS CARRIED OUT THROUGH SEVERAL PROGRAMS THAT INCLUDE KRONKOSKY PLACE, MEALS ON WHEELS KENDALL COUNTY, TRANSPORTATION, A MEDICAL EQUIPMENT LOAN PROGRAM, RESOURCE CONNECTION, AND VOLUNTEERISM.NUTRITION SERVICES, FOCUSING ON FOOD SECURITY, INCLUDES CONGREGATE MEALS THROUGH KRONKOSKY PLACE MEALS ON WHEELS KENDALL COUNTY, AND OTHER SUPPLEMENTAL FOOD EFFORTS IN PARTNERSHIP WITH OTHER COMMUNITY ORGANIZATIONS. DURING FY 2023-2024, THE PROGRAMS SUPPORTING NUTRITION SERVICES PROVIDED OVER 76,280 MEALS TO OVER 1,932 INDIVIDUALS.

Program 2

Expenses: $135,403 Revenue: $28,914

THE TRANSPORTATION PROGRAM FOCUSING ON ACCESSIBILITY PROVIDES DOOR-TO-DOOR PERSONAL TRANSPORTATION SERVICES IN BOERNE TO AND FROM KRONKOSKY PLACE, DOCTOR'S APPOINTMENTS, GROCERY SHOPPING, AND OTHER ERRANDS IN OUR COMMUNITY. DURING FY 2023-2024, THE TRANSPORTATION PROGRAM PROVIDED 8,355 RIDES TO OLDER ADULTS IN BOERNE.

Program 3

Expenses: $351,037 Revenue: $74,960

KRONKOSKY PLACE IS THE EPICENTER OF BOERNE FOR AGING ADULTS. IT PROVIDES DINING OPPORTUNITIES, LEARNING AND LEISURE ACTIVITIES, MEETUPS AND GATHERINGS, FITNESS AND WELLNESS CLASSES, AND SUPPORT...

KRONKOSKY PLACE IS THE EPICENTER OF BOERNE FOR AGING ADULTS. IT PROVIDES DINING OPPORTUNITIES, LEARNING AND LEISURE ACTIVITIES, MEETUPS AND GATHERINGS, FITNESS AND WELLNESS CLASSES, AND SUPPORT SERVICES. IT ALSO SERVES AS A HUB FOR VOLUNTEERISM THROUGH ITS THRIFT SHOP AND OTHER VARIOUS OPPORTUNITIES. DURING FY 2023-2024, KRONKOSKY PLACE PROVIDED OVER 52,616 CHECK-INS FOR ACTIVITIES TO OVER 1,932 INDIVIDUALS.

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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 $1,606,119

Program Service Revenue $145,023

Investment Income $13,500

Other Revenue $225,479

TOTAL REVENUE $1,990,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $824,886

Fundraising Expenses $73,471

Program Expenses $1,740,174

Other Expenses $1,195,528

TOTAL EXPENSES $2,020,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,990,121	$1,645,478	+0.2%
Expenses	$2,020,414	$1,766,238	+0.1%
Net Income	$-30,293	$-120,760	-0.7%

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

317

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

$138,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA BRADLEY	DIRECTOR	5.00	Director	$0	$0	$0
JULIA GARZA	DIRECTOR	5.00	Director	$0	$0	$0
KAREN MINYARD	DIRECTOR	5.00	Director	$0	$0	$0
GAVIN GROSENBACHER	DIRECTOR	5.00	Director	$0	$0	$0
BILL BIRD	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
KAREN LOVE	IMMEDIATE PAST CHAIR	10.00	Officer Director	$0	$0	$0
GARRETT ETHRIDGE	TREASURER	10.00	Officer Director	$0	$0	$0
CALI GREEN	CHAIR ELECT/SECRETARY	10.00	Officer Director	$0	$0	$0
OLIVIA BURDICK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$138,208	$0	$138,208

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	$1,990,121	$2,020,414	$5,856,828	$-30,293
2023	$1,645,478	$1,766,238	$5,798,210	$-120,760
2022	$1,409,707	$1,477,127	$5,850,235	$-67,420
2021	$1,161,815	$1,251,313	$5,956,886	$-89,498
2020	$1,085,007	$1,273,086	$6,180,919	$-188,079
2019	$1,141,534	$1,364,066	$6,314,927	$-222,532
2018	$1,110,031	$1,384,816	$6,403,811	$-274,785