RAINBOW PLAZA INC

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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

1978

Legal Domicile

Phone

8057351952

Tax Period

2023-01-01 to 2023-12-31

RAINBOW PLAZA INC, founded in 1978, is a small nonprofit that reported $530K in total revenue in fiscal year 2023.

Mission

TO PROVIDE LOW INCOME HOUSING TO HANDICAPPED AND ELDERLY PERSONS

Program Service Accomplishments

Program 1

Expenses: $525,646 Revenue: $530,003

TO PROVIDE LOW INCOME HOUSING TO HANDICAPPED AND ELDERLY PERSONS

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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 $0

Program Service Revenue $529,214

Investment Income $789

Other Revenue $0

TOTAL REVENUE $530,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,446

Fundraising Expenses $0

Program Expenses $525,646

Other Expenses $458,571

TOTAL EXPENSES $567,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,003	$504,807	+0.0%
Expenses	$567,017	$365,957	+0.5%
Net Income	$-37,014	$138,850	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY GRAYUM	PRESIDENT	0.30	Officer Director	$0	$0	$0
PATRICIA GARNER	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
JOLENE ROMASANTA	SECRETARY	0.30	Officer Director	$0	$0	$0
TERRI ESCAMILLA	DIRECTOR	0.30	Director	$0	$0	$0
TERRELL DAY	TREASURER	0.30	Officer Director	$0	$0	$0
CHRISTINE LOVATO	DIRECTOR	0.30	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
2023	$530,003	$567,017	$2,844,037	$-37,014
2022	$504,807	$365,957	$2,878,262	$138,850
2021	$482,682	$335,095	$378,439	$147,587
2020	$478,711	$405,582	$318,052	$73,129
2019	$467,419	$357,284	$357,790	$110,135
2018	$464,544	$346,543	$383,138	$118,001