RAINBOW CONNECTION GALVESTON

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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

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.

Program Service Accomplishments

Program 1

Expenses: $61,553

RESIDENTIAL SUMMER CAMP PROGRAM FOR CHILDREN WITH CANCER AND BLOOD DISORDERS AND THEIR SIBLINGS AND FOR CHILDREN OF ADULT CANCER PATIENTS. WE USE THE ORGANIZATION'S FUNDS TO PAY ABOUT 95% OF CAMPER FEES AND EXPENSES ($500 PER CAMPER). WE HAVE TAKEN 70-75 CHILDREN, AGES 6-15, DURING THE LAST WEEK OF JUNE TO THE FACILITIES AT CAMP FOR ALL IN BURTON, TEXAS. WE EMPHASIZE NORMALCY AT CAMP AND PROVIDE EMOTIONAL AND PHYSICAL RELIEF FROM THE PATIENT'S DISEASE.

Program 2

Expenses: $4,938

Holiday Party : This holiday gathering benefits patients, siblings, and immediate family. We use the organization's funds to pay all expenses (dinner, pictures with Santa, and ice skating). We...

Holiday Party : This holiday gathering benefits patients, siblings, and immediate family. We use the organization's funds to pay all expenses (dinner, pictures with Santa, and ice skating). We receive about 150 guests in December at Moody Gardens in Galveston, Texas. This provides emotional support to our patients and their families during the Holiday season.

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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 (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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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