RAINBOW CONNECTION GALVESTON

EIN: 755065034 501(c)(3)

GALVESTON, TX

Total Revenue
$56,280
Total Expenses
$81,766
Total Assets
$193,292
Net Assets
$193,292
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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
1985
Legal Domicile
TX
Principal Officer
Michael Decker Johnson
Phone
4097723424
Tax Period
2025-01-01 to 2025-12-31

RAINBOW CONNECTION GALVESTON, founded in 1985, is a micro nonprofit that reported $56K in total revenue in fiscal year 2025. Expenses of $82K exceeded revenue, resulting in a 45% operating deficit.

Mission

DEDICATED TO THE SUPPORT OF FAMILIES OF CHILDREN LIVING WITH CANCER AND BLOOD DISORDERS TREATED AT THE UNIVERSITY OF TEXAS MEDICAL BRANCH AT GALVESTON, 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $54,859
Program Service Revenue $0
Investment Income $531
Other Revenue $890
TOTAL REVENUE $56,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $66,491
Other Expenses $81,766
TOTAL EXPENSES $81,766

Year-over-Year Comparison

2025 2024 Change
Revenue $56,280 $57,404 0.0%
Expenses $81,766 $71,780 +0.1%
Net Income $-25,486 $-14,376 +0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA SAN ANDRES President 1.00
Officer Director
$0 $0 $0
LANCE HALLBERG Vice President 1.00
Officer Director
$0 $0 $0
CATALINA CASTRO Camp Director 1.00
Officer Director
$0 $0 $0
MICHAEL JOHNSON Treasurer 1.00
Officer 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 $56,280 $81,766 $193,292 $-25,486
2024 $57,404 $71,780 $218,778 $-14,376
2023 $94,744 $83,644 $232,769 $11,100
2022 $49,859 $83,776 $221,669 $-33,917
2021 $63,226 $31,100 $269,626 $32,126
2020 $45,529 $19,216 $237,500 $26,313
2019 $110,132 $79,945 $211,187 $30,187
2018 $65,179 $76,495 $181,000 $-11,316
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