Friends of Rainbow Springs State Park Inc
Nonprofit profile at a glance
- EIN
- 593182934
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025, Form 990-EZ 2020
- Location
- Dunnellon, FL, USA
- Phone
- 3524537117
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $233,971
- Expenses
- $185,286
- Assets
- $688,327
- Liabilities
- $4,131
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- David Frisina (Vice President)
- Mark Rickert (President)
People named in this filing
- Marylou Klein
- Carol Scharf
- Laurie Baker
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote community interest in Rainbow Springs State Park and to assist in the Florida Park Services mission of providing resource-based recreation while preserving, interpreting and restoring natural and cultural resources.
What it reported doing in 2025
The Organization generates revenue through gift shop sales, memberships, donations and other fund raising events to support the park and enhance the visitor experience. In 2025 the Organization provided funding to purchase two Kubota 4x4 UTVs, campground emergency generator, conference building renovations, various maintenance and power equipment, fuel storage building, and plumbing, electrical building supplies necessary to maintain park infrastructure. The Organization also provided funds to support habitat improvements, maintaining historic waterfalls and gardens, volunteer uniforms, portable radios and other park amenities such as benches, signs, bike racks, fencing, etc. Throughout the year, the organization had approximately 60 active volunteers serving in various programs: a daily boat & kayak river patrol program, guiding seasonal interpretive nature walks, a weekly maintenance crew, and daily gift shop operation, as well as hosting special events.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 90
- Accountability: 94
- Sustainability: 69
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.3%; rating input score 81
- Fundraising efficiency: $31.08 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.8%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 3.71; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 1.5% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.3% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $151K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.