Rainbow Omega Inc
Nonprofit profile at a glance
- EIN
- 631036500
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Eastaboga, AL, USA
- Phone
- 2568310919
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Group Homes
Reported finances
- Revenue
- $9,161,001
- Expenses
- $9,007,433
- Assets
- $11,199,201
- Liabilities
- $3,258,943
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- TIM HODGE (CEO)
Highest reported compensation
- SHERETTA VANN (HOUSE MANAGER): $132,851 total reported compensation
- TIM HODGE (CEO): $128,087 total reported compensation
- CONSTANCE M TERRELL (HOUSE MANAGER): $110,782 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide group homes for developmentally disabled adults in a caring and nurturing environment.
What it reported doing in 2024
Provided dayhab services, vocational training and respite care services for residents and others.
Operating model
- Revenue model
- Earned-program. 67% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.5%; rating input score 92
- Program expense ratio: 91.7%; rating input score 92
- Fundraising efficiency: $20.7 raised per $1 spent on fundraising; rating input score 60; 60th percentile among comparable filings
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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.7%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 1.24; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 6.5%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 91.5% of revenue deployed · 91.7% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $8.3M in reported program spending
- Leadership: top reported pay $133K · 16 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 40/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.