RAINBOW MINISTRIES INC

EIN: 862292483 501(c)(3)

RAPID CITY, SD

Total Revenue
$560,670
Total Expenses
$520,067
Total Assets
$176,080
Net Assets
$176,080
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
SD
Tax Period
2022-01-01 to 2022-12-31

RAINBOW MINISTRIES INC, founded in 2021, is a small nonprofit that reported $532K in total revenue in fiscal year 2021. Expenses of $511K left a modest 4% surplus.

Mission

PROVIDE FAITH BASED ANSWERS TO LOCAL FOLK AND YOUTH

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $560,670
Investment Income $0
Other Revenue $0
TOTAL REVENUE $560,670

Expense Breakdown

Grants Paid $0
Salaries & Benefits $248,167
Fundraising Expenses $0
Program Expenses $485,067
Other Expenses $271,900
TOTAL EXPENSES $520,067

Year-over-Year Comparison

2022 2021 Change
Revenue $560,670 N/A N/A
Expenses $520,067 N/A N/A
Net Income $40,603 N/A 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

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Governance

Voting Members
3
Independent Members
3
Employees
13
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE ASHLAND DIRECTOR 0.00
Director
$0 $0 $0
POLLY ASHLAND DIRECTOR 0.00
Director
$0 $0 $0
RACHEL REINHOLD DIRECTOR 0.00
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 No data No data No data No data
2022 $560,670 $520,067 $176,080 $40,603
2021 $531,926 $511,296 $20,630 $20,630
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