RAINBOW LABS MENTORING INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

JACOB TOUPS

Phone

2133028293

Tax Period

2024-01-01 to 2024-12-31

RAINBOW LABS MENTORING INC, founded in 2021, is a small nonprofit in the Youth Development sector that reported $908K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

SAFE SPACE FOR QUEER YOUTH TO DREAM BIG. RAINBOW LABS IS A BOLD, JOYFUL SPACE WHERE QUEER AND GENDER NONCONFORMING YOUTH (AGES 12-18) IN LOS ANGELES CAN BE THEMSELVES, FIND COMMUNITY, AND EXPLORE WHO THEY WANT TO BECOME - ONE CONNECTION AT A TIME, WHILE EXPERIENCING TRANSFORMATIVE EDUCATIONAL OPPORTUNITIES THAT BUILD CONFIDENCE, SKILLS, AND A SENSE OF POSSIBILITY.

Program Service Accomplishments

Program 1

Expenses: $676,110

IN 2024, RAINBOW LABS DELIVERED TRANSFORMATIVE EDUCATIONAL PROGRAMMING FOR LGBTQ+ YOUTH THROUGH ONE BOLD SUMMER, YOUTH COUNCIL, STORYTELLING LAB, SPORTS LAB, OUR SOFTBALL TEAM, AND INCLUSIVE SPORTS CLINICS. EACH PROGRAM PROVIDED STRUCTURED LEARNING EXPERIENCES THAT BUILT SOCIAL-EMOTIONAL SKILLS, LEADERSHIP, CREATIVE EXPRESSION, AND HEALTHY RELATIONSHIP DEVELOPMENT. YOUTH REPORTED HIGH LEVELS OF SAFETY AND BELONGING, WITH 99% FEELING SAFE AND 95% FEELING CONNECTED. PARTICIPANTS ALSO SHOWED SIGNIFICANT GROWTH IN IDENTITY DEVELOPMENT, WITH 96% FEELING MORE CONFIDENT EXPRESSING WHO THEY ARE AND 98% FORMING POSITIVE, TRUST-BASED MENTOR RELATIONSHIPS. PROGRAMS SUCH AS YOUTH COUNCIL, STORYTELLING LAB, AND ONE BOLD SUMMER EXCELLED IN CREATING AFFIRMING LEARNING ENVIRONMENTS THAT DEEPENED YOUTH GROWTH BEYOND TRADITIONAL SETTINGS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $908,671

Program Service Revenue $0

Investment Income $-1,362

Other Revenue $456

TOTAL REVENUE $907,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,286

Fundraising Expenses $181,412

Program Expenses $676,110

Other Expenses $679,132

TOTAL EXPENSES $973,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,765	$485,910	+0.9%
Expenses	$973,418	$363,659	+1.7%
Net Income	$-65,653	$122,251	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$30,000

Total Directors