Rainbow Childcare of Monroe Inc
Nonprofit profile at a glance
- EIN
- 391251570
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Monroe, WI, USA
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Child Day Care
Reported finances
- Revenue
- $1,034,707
- Expenses
- $1,180,970
- Assets
- $655,608
- Liabilities
- $5,310
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Krystyn Fredericks (President)
- Beth Kindschi (Vice President)
People named in this filing
- Michelle Hanson (Director)
- Victoria Euclide-Petig (Director)
- Alyssa Eberle (Director)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Rainbow Childcare Inc. is a not for profit child care agency committed to providing quality, affordable, learning-oriented child care to the greater Green County community. We serve the children enrolled at Rainbow Childcare, Inc. and their families as well as businesses in the community and the community at large.We provide care to children ages five weeks to twelve years old without discrimination based on gender, religion, race, ethnic origin, nationality, or creed. We operate above the standards set by the State of Wisconsin for childcare agencies and constantly strive to achieve an ever increasing level of quality.We recognize each child as a member of a distinct family unit and look for opportunities to enhance family relationships and for services that will benefit both the child and the family. We value and encourage parental involvement at all levels of the organization.We believe that access to quality childcare plays an important role in the success of the greater Green Coun
What it reported doing in 2024
Day care center serving children ranging in age from 5 weeks through 12 years. Open Monday through Friday 6:00 a.m. to 5:45 p.m.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - 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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 92
- Accountability: 48
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.6%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 62.5%; rating input score 62; 13th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -14.1%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.6% of spending went to programs
- Governance: 5 of 8 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 21 of 21 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.