RAINBOW RISING INC (EIN 954185139) - 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

1989

Legal Domicile

Principal Officer

FREDERICK PORTER

Phone

3103794912

Tax Period

2023-01-01 to 2023-12-31

RAINBOW RISING INC, founded in 1989, is a mid-sized nonprofit in the Education sector that reported $12.8M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 25% operating margin.

Mission

RAINBOW RISING WAS ESTABLISHED IN 1989 FOR THE SOLE PURPOSE OF MEETING THE NEEDS OF SCHOOL AGE CHILDREN IN IRVINE, CA.

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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 $12,591,043

Investment Income $165,515

Other Revenue $0

TOTAL REVENUE $12,756,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,987,031

Fundraising Expenses $0

Program Expenses $8,897,197

Other Expenses $3,548,691

TOTAL EXPENSES $9,535,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,756,558	$10,128,384	+0.3%
Expenses	$9,535,722	$7,791,325	+0.2%
Net Income	$3,220,836	$2,337,059	+0.4%

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

230

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY CULLEN	EMPLOYEE	40.00		$237,946	$7,163	$245,109
TEJAL PATEL	EMPLOYEE	40.00		$237,825	$7,163	$244,988
FREDERICK PORTER	Chairman	2.50	Officer Director	$0	$0	$0
AUBREY LIZABETH	Secretary	2.50	Officer Director	$0	$0	$0
RANDI MILLS	Treasurer	2.50	Officer Director	$0	$0	$0
DEAN PORTER	MEMBER	1.00	Director	$0	$0	$0
PEGGY O'SULLIVAN	MEMBER	1.00	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
2023	$12,756,558	$9,535,722	$16,465,328	$3,220,836
2022	$10,128,384	$7,791,325	$11,778,573	$2,337,059
2021	$8,901,591	$5,792,844	$11,013,400	$3,108,747
2020	$6,051,126	$5,330,660	$7,016,078	$720,466
2019	$9,370,689	$7,933,082	$5,081,043	$1,437,607
2018	$8,277,952	$7,476,544	$2,988,525	$801,408

RAINBOW RISING INC