Rainbow Employment Agency Inc

Nonprofit profile at a glance

EIN
421711789
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Pensacola, FL, USA
Phone
8505010336
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$21,414
Expenses
$31,963
Assets
$20,373
Liabilities
$18,596

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • WOODROW W MCCANTS JR (EXECUTIVE DIRECTOR)
  • DARROW THOMAS (PRESIDENT)
  • MITZA JACKSON (VICE PRESIDENT)

People named in this filing

  • WOODROW W MCCANTS JR (EXECUTIVE DIRECTOR)
  • DARROW THOMAS (PRESIDENT)
  • MITZA JACKSON (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide employment services for persons with disabilities. The organization provided employment service and/ or follow along service for 6 vocational rehabilitation clients. The number of clients served has decreased from the prior year due to a decrease in referrals from vocational rehabilitation.

What it reported doing in 2024

The organization provided employment service and follow along service.the organization provided employment service and/or follow along service for 6 cleints, serving vocational rehabilitation clients. Some of the clients were not able to be employed. The number of clients continue to decrease due to a decrease in referrals from vocational rehabilitation compared to previous years.

Operating model

Revenue model
Earned-program. 90% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 18
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -49.3%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.64; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 36%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: -36.5% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -62.4% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -48% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.