Project Rainbow (EIN 921048214) - 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

2022

Legal Domicile

Principal Officer

Erin Shelton

Phone

3045923592

Tax Period

2025-01-01 to 2025-12-31

Project Rainbow, founded in 2022, is a small nonprofit in the Housing & Shelter sector that reported $304K in total revenue in fiscal year 2025. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $399K exceeded revenue, resulting in a 31% operating deficit.

Mission

An Appalachian organization that provides low-barrier housing services and emergency shelter in West Virginia. At Project Rainbow we believe that everyone deserves safety security and love.

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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 (2025)

Revenue Breakdown

Contributions & Grants $303,773

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $303,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,817

Fundraising Expenses $2,988

Program Expenses $358,637

Other Expenses $155,405

TOTAL EXPENSES $399,222

Year-over-Year Comparison

	2025	2024	Change
Revenue	$303,773	$230,190	+0.3%
Expenses	$399,222	$175,940	+1.3%
Net Income	$-95,449	$54,250	-2.8%

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

$37,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Shelton	Executive Director	50.00	Officer	$26,025	$0	$26,025
Jodi Sine	Treasurer	10.00	Officer	$10,990	$0	$10,990
Shana Reed	Board President	5.00	Officer	$0	$0	$0
Keith Pollard	Board Policy Chair	5.00	Officer	$0	$0	$0
Gillie GIll	Board Web Developer	5.00	Officer	$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
2025	$303,773	$399,222	$93,288	$-95,449
2024	$230,190	$175,940	$109,023	$54,250

Project Rainbow