RAINBOW HOUSING TEXAS 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

1999

Legal Domicile

Principal Officer

FLYNANN JANISSE

Phone

6029031843

Tax Period

2023-01-01 to 2023-12-31

RAINBOW HOUSING TEXAS INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $375K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum.

Mission

TO PRESERVE QUALITY, AFFORDABLE HOUSING IN THE STATE OF TEXAS.

Program Service Accomplishments

Program 1

Expenses: $330,964 Revenue: $374,137

TO PROVIDE CHARITABLE RELIEF TO THE POOR, ELDERLY, AND HANDICAPPED THROUGH ADEQUATE HOUSING AND THE IMPROVEMENT OF THEIR GENERAL STANDARD OF LIVING AND QUALITY OF LIFE. TO INITIATE OR PARTICIPATE IN THE REHABILITATION OR CONSTRUCTION OF HOUSING IN DETERIORATED NEIGHBORHOODS, THE RESTORATION OF HISTORICALLY SIGNIFICANT DOWNTOWN AREAS AND OTHER CIVIC IMPROVEMENTS IN THE STATE OF TEXAS.

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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 $318,463

Investment Income $988

Other Revenue $55,674

TOTAL REVENUE $375,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,752

Fundraising Expenses $0

Program Expenses $330,964

Other Expenses $362,493

TOTAL EXPENSES $370,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$375,125	$229,588	+0.6%
Expenses	$370,245	$240,274	+0.5%
Net Income	$4,880	$-10,686	-1.5%

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

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
GARY SILVERSMITH	SECRETARY & TREASURER & DI	0.50	Officer Director	$0	$0	$0
FLYNANN JANISSE	PRESIDENT/CHAIRMAN OF THE	1.00	Officer Director	$0	$0	$0
DERRICK N FLETCHER	RESIDENT DIRECTOR	0.25	Director	$0	$0	$0
BEULAH REECE	RESIDENT DIRECTOR	0.25	Director	$0	$0	$0
AGNES SCOTT TAYLOR	RESIDENT DIRECTOR	0.25	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
2024	No data	No data	No data	No data
2023	$375,125	$370,245	$-3,314,619	$4,880
2022	$229,588	$240,274	$95,764	$-10,686
2021	$515,000	$315,959	$106,070	$199,041
2020	$180,000	$225,728	$62,774	$-45,728
2019	$558	$19,005	$2,696	$-18,447
2018	$1,016	$31,302	$3,612	$-30,286