OVER THE RAINBOW LIFE FUND (EIN 823679095) - 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

2017

Legal Domicile

Principal Officer

ERIC HUFFMAN

Phone

8473286633

Tax Period

2024-01-01 to 2024-12-31

OVER THE RAINBOW LIFE FUND, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $358K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OVER THE RAINBOW LIFE FUND WAS CREATED TO PROVIDE ONGOING AND LONG TERM SUPPORT FOR OVER THE RAINBOW'S SERVICES PROGRAM. THE SERVICES PROGRAM WAS DEVELOPED TO HELP RESIDENTS OF OVER THE RAINBOW APARTMENTS ACQUIRE THE SKILLS AND RESOURCES THEY NEED TO LIVE INDEPENDENTLY. IT ALSO AIMS TO HELP RESIDENTS CONNECT WITH EDUCATIONAL, RECREATIONAL, AND OTHER WELLNESS RESOURCES IN THEIR COMMUNITIES WITH WHICH THEY CAN ENHANCE THEIR OWN SENSE OF WELL-BEING. THE ACRONYM LIFE STANDS FOR LIVING INDEPENDENTLY, FEELING EMPOWERED.

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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 $0

Program Service Revenue $0

Investment Income $358,445

Other Revenue $0

TOTAL REVENUE $358,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,445	$327,519	+0.1%
Expenses	N/A	N/A	N/A
Net Income	N/A	$327,519	N/A

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

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

$470,312

Total Directors

$470,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HUFFMAN	PRESIDENT	2.00	Officer Director	$0	$0	$272,047
LES RUSSO	VP/TREASURER	2.00	Officer Director	$0	$0	$198,265
MARY ANN KING	CHAIR	2.00	Officer Director	$0	$0	$0
RENA HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
MATT HOWARD	DIRECTOR	2.00	Director	$0	$0	$0
TOM COWAN	DIRECTOR	2.00	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	$358,445	No data	$3,562,470	No data
2023	$327,519	No data	$3,204,025	No data
2022	No data	$365,598	$2,876,506	No data
2021	$400,844	No data	$3,112,104	No data
2020	$246,148	No data	$2,651,260	No data
2019	$309,031	No data	$2,051,112	No data
2018	$375,410	$124,249	$1,742,081	$251,161

OVER THE RAINBOW LIFE FUND