OPERATION RAINBOW INC (EIN 760022338) - 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

1981

Legal Domicile

Principal Officer

MICHELLE DUNCAN-LOWENBERG

Phone

4152183220

Tax Period

2024-07-01 to 2025-06-30

OPERATION RAINBOW INC, founded in 1981, is a small nonprofit that reported $713K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $215K, a strong 30% operating margin.

Mission

TO PROVIDE VOLUNTEER HEALTH SERVICES TO MEDICALLY UNDERSERVED COUNTRIES.

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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 $712,165

Program Service Revenue $0

Investment Income $425

Other Revenue $0

TOTAL REVENUE $712,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,776

Fundraising Expenses $36,136

Program Expenses $394,171

Other Expenses $430,054

TOTAL EXPENSES $497,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$712,590	$410,144	+0.7%
Expenses	$497,830	$457,012	+0.1%
Net Income	$214,760	$-46,868	-5.6%

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUS GIALAMAS MD	DIRECTOR/CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID M ATKIN MD	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
TAYLOR K SMITH MD	DIRECTOR/SECRETARY/TREASUR	1.00	Officer Director	$0	$0	$0
LAURA ESCOBOSA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD GOSSELIN MD	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP BICKLER MD	DIRECTOR	1.00	Director	$0	$0	$0
ERROL LOBO MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE DUNCAN-LOWENBERG	EXECUTIVE DIRECTOR	40.00	Director	$60,000	$0	$60,000

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	$712,590	$497,830	$706,461	$214,760
2024	No data	No data	No data	No data
2023	$331,492	$468,807	$542,571	$-137,315
2022	$215,030	$145,205	$683,552	$69,825
2021	$352,197	$148,302	$600,887	$203,895
2020	$580,851	$557,490	$417,733	$23,361
2019	$632,110	$626,419	$415,671	$5,691
2018	$615,380	$644,479	$384,552	$-29,099

OPERATION RAINBOW INC