RAINBOW ACRES (EIN 860286420) - 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

1973

Legal Domicile

Principal Officer

PAUL HIGGINS

Phone

9285675231

Tax Period

2023-01-01 to 2023-12-31

RAINBOW ACRES, founded in 1973, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2023. Net assets of $15.0M represent 25 months of operating reserves.

Mission

TO PROVIDE A CHRISTIAN COMMUNITY FOR ADULTS WITH DEVELOPMENTAL DISABILITIES DEDICATED TO ENHANCING THE QUALITY OF LIFE BY ASSISTING SUCH INDIVIDUALS TO ACHIEVE MENTAL, PHYSICAL, SOCIAL, SPIRITUAL AND VOCATIONAL GROWTH TO THEIR FULLEST POTENTIAL WITH DIGNITY AND PURPOSE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,996,683

Program Service Revenue $4,797,156

Investment Income $136,374

Other Revenue $149,446

TOTAL REVENUE $7,079,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,542,225

Fundraising Expenses $536,284

Program Expenses $6,152,073

Other Expenses $3,183,423

TOTAL EXPENSES $7,725,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,079,659	$6,894,993	+0.0%
Expenses	$7,725,648	$6,243,949	+0.2%
Net Income	$-645,989	$651,044	-2.0%

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

154

Volunteers

265

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

$278,184

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN M MIKESH HOUSER	CHAIR	1.00	Officer Director	$0	$0	$0
KARLA DYE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAY HARTON	TREASURER	1.00	Officer Director	$0	$0	$0
LINDA ROOS	SECRETARY	1.00	Officer Director	$0	$0	$0
CLAUDIA AULT	TRUSTEE	1.00	Director	$0	$0	$0
VALORIA CHEEK	TRUSTEE	1.00	Director	$0	$0	$0
JEAN DIESTO	TRUSTEE	1.00	Director	$0	$0	$0
ART ENDRES	TRUSTEE	1.00	Director	$0	$0	$0
CECY GILBERT	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA KOH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MACKLEM III	TRUSTEE	1.00	Director	$0	$0	$0
ANDY QUIENT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WARREN	TRUSTEE	1.00	Director	$0	$0	$0
MARY SHAFER-MALICKI	TRUSTEE	1.00	Director	$0	$0	$0
PAUL HIGGINS	CFO	40.00	Officer	$98,969	$9,971	$108,940
MICHAEL PROCHELO	PRESIDENT/CE	40.00	Officer	$153,085	$16,159	$169,244

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	No data	No data	No data	No data
2023	$7,079,659	$7,725,648	$16,558,927	$-645,989
2022	$6,894,993	$6,243,949	$16,383,933	$651,044
2022	$6,894,993	$6,243,949	$16,383,933	$651,044
2021	$7,737,830	$6,219,232	$17,425,610	$1,518,598
2021	$7,737,830	$6,219,232	$17,425,610	$1,518,598
2020	$5,656,185	$6,048,676	$15,645,745	$-392,491
2019	$5,713,708	$5,821,588	$15,231,944	$-107,880
2018	$4,616,753	$5,356,202	$14,530,601	$-739,449

RAINBOW ACRES