RAINBOW SCHOOL

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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

1972

Legal Domicile

Principal Officer

DIANA S BONSIGNORE

Phone

8082939341

Tax Period

2023-10-01 to 2024-09-30

RAINBOW SCHOOL, founded in 1972, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 14% surplus.

Mission

THE MISSION OF RAINBOW SCHOOLS IS TO PROVIDE THE HIGHEST QUALITY EXPERIENCE TO THE CHILDEREN OF HAWAII WITHOUT REGARD FOR INCOME OR ETHNIC BACKGROUND.

Program Service Accomplishments

Program 1

Expenses: $4,288,854 Revenue: $4,163,128

PRESCHOOLS/FOOD SERVICE: FIVE PRESCHOOLS SERVED APPROXIMATELY 274 STUDENTS AND EMPLOYED 80 FACULTY AND STAFF. OUR SERVICES ARE INTENDED TO MEET THE NEEDS OF YOUNG CHILDREN BETWEEN THE AGES OF TWO AND FIVE YEARS OLD. THE STATE OF HAWAII DEPARTMENT OF HUMAN SERVICES LICENSES ALL OF OUR LOCATIONS. IN ADDITION, ALL OF OUR SITES ARE REQUIRED TO ACTIVELY SEEK ACCREDITATION BY THE NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN OR THE NATIONAL EARLY CHILDHOOD PROGRAM ACCREDITATION. CONSISTENT WITH THE SCHOOLS' EXEMPT PURPOSES, MEALS ARE PROVIDED FOR THESE PROGRAMS.

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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 $1,423,034

Program Service Revenue $4,163,128

Investment Income $29,144

Other Revenue $5,948

TOTAL REVENUE $5,621,254

Expense Breakdown

Grants Paid $38,479

Salaries & Benefits $3,553,541

Fundraising Expenses $40,913

Program Expenses $4,288,854

Other Expenses $1,252,644

TOTAL EXPENSES $4,844,664

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,621,254	$5,125,603	+0.1%
Expenses	$4,844,664	$4,062,669	+0.2%
Net Income	$776,590	$1,062,934	-0.3%

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

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

$107,126

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA S BONSIGNORE	PRESIDENT/SE	2.00	Officer Director	$0	$0	$0
ANN MISURA	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ROYAL T FRUEHLING	DIRECTOR	2.00	Director	$0	$0	$0
DR JIM LYONS	DIRECTOR	2.00	Director	$0	$0	$0
CHARMIAN LYONS	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA BARLEY	EXECUTIVE DI	40.00	Officer	$98,678	$8,448	$107,126
TOM VALENTINE	DIRECTOR	2.00	Director	$0	$0	$0
NOELEHUA ARCHAMBAULT	DIRECTOR	2.00	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	$5,621,254	$4,844,664	$5,665,869	$776,590
2023	$5,125,603	$4,062,669	$4,658,217	$1,062,934
2022	$4,902,562	$3,827,198	$3,827,129	$1,075,364
2021	$4,176,154	$3,334,947	$2,755,939	$841,207
2020	$2,975,229	$3,469,462	$1,824,616	$-494,233
2019	$3,565,361	$3,799,321	$1,749,632	$-233,960
2018	$3,891,796	$3,943,340	$1,894,285	$-51,544