RAINBO CLUB INC (EIN 751058831) - 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

1960

Legal Domicile

Principal Officer

JAMES FEAGIN

Phone

9036755675

Tax Period

2023-09-01 to 2024-08-31

RAINBO CLUB INC, founded in 1960, is a small nonprofit that reported $465K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 40 months of operating reserves.

Mission

SOCIAL AND RECREATIONAL CLUB

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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 $0

Program Service Revenue $464,032

Investment Income $599

Other Revenue $180

TOTAL REVENUE $464,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,872

Fundraising Expenses $0

Other Expenses $338,258

TOTAL EXPENSES $486,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,811	$635,747	-0.3%
Expenses	$486,130	$550,729	-0.1%
Net Income	$-21,319	$85,018	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES FEAGIN	PRESIDENT	N/A	Officer	$0	$0	$0
TROY PHILLIPS	DIRECTOR	N/A	Director	$0	$0	$0
BOB HOLLAND	DIRECTOR	N/A	Director	$0	$0	$0
JAMES FRANCIS	SECRETARY	N/A	Officer	$0	$0	$0
ALLEN DYE	DIRECTOR	N/A	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	$464,811	$486,130	$1,937,254	$-21,319
2023	$635,747	$550,729	$1,612,805	$85,018
2022	$420,097	$459,478	$1,573,989	$-39,381
2021	$401,919	$403,180	$1,627,576	$-1,261
2020	$456,199	$449,304	$1,668,383	$6,895
2019	$544,895	$468,187	$1,670,333	$76,708

RAINBO CLUB INC