RAINBOW BIBLE SCHOOL INC (EIN 752870946) - 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

2000

Legal Domicile

Principal Officer

MEREDITH HORN

Phone

3256736972

Tax Period

2024-08-01 to 2025-07-31

RAINBOW BIBLE SCHOOL INC, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

CHILDCARE WITH RELIGIOUS INSTRUCTION BEING PROVIDED TO APPROXIMATELY 134 CHILDREN AGES NEWBORN TO 5 YEARS FROM AUGUST 2024 THROUGH JULY 2025; AS MANY AS 121 CHILDREN AT ONE TIME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $47,744

Program Service Revenue $970,008

Investment Income $26,919

Other Revenue $0

TOTAL REVENUE $1,044,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,025,909

Fundraising Expenses $4,633

Program Expenses $1,131,944

Other Expenses $196,423

TOTAL EXPENSES $1,222,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,044,671	$967,010	+0.1%
Expenses	$1,222,332	$1,148,441	+0.1%
Net Income	$-177,661	$-181,431	0.0%

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

101

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN LEFEVRE	ViceChairperson	2.00	Officer Director	$0	$0	$0
LINDSAY HERRINGTON	Secretary	2.00	Officer Director	$0	$0	$0
MEREDITH HORN	Treasurer	7.00	Officer Director	$0	$0	$0
RACHEL EVANS	Chairperson	7.00	Officer Director	$0	$0	$0
CARLA OLSON	Board Member	1.50	Director	$0	$0	$0
DR STEPHANIE TALLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
WILL BEASLEY	Board Member	0.50	Director	$0	$0	$0
AKANE THAXTON	Board Member	1.50	Director	$0	$0	$0
JENNA MARTIN	Board Member	0.50	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	$1,044,671	$1,222,332	$726,721	$-177,661
2024	$967,010	$1,148,441	$861,017	$-181,431
2023	$1,107,414	$1,153,626	$1,003,186	$-46,212
2022	$1,163,636	$966,321	$1,033,692	$197,315
2021	$699,860	$759,202	$849,909	$-59,342
2020	$658,537	$822,885	$763,963	$-164,348
2019	$871,734	$799,594	$799,967	$72,140

RAINBOW BIBLE SCHOOL INC