The Rainbow Network Inc
Nonprofit profile at a glance
- EIN
- 431720451
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Columbia, MO, USA
- Phone
- 4178898088
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals and Related Primary Medical Care Facilities
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,596,062
- Expenses
- $2,201,280
- Assets
- $2,849,933
- Liabilities
- $66,865
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MEGAN HERRERA (PRESIDENT)
Highest reported compensation
- MEGAN HERRERA (PRESIDENT): $97,850 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To share in the love of jesus christ by partnering with rural communities in healthcare, education, economic development, and housing. The work is focused in remote locations where people are living in dirt- floor shacks, where there is a lack of sanitation, clean water, and medical care, and where educational and economic development opportunities are limited.
What it reported doing in 2024
The organization builds simple concrete homes with a secure wood or metal door and a cement floor to prevent parasites. These houses are built 25 at a time and provided to recipient families for the cost of building supplies financed with no interest over a 10-25 year period. Community participation is essential to the rainbow network's housing model and reflects the organization's roots in habitat for humanity. The pride and empowerment built through this model transfers into responsibility and lifelong benefits for homeowners and their children. The organization operates in 91 rural communities, partnering with nearly 45,000 people in a hand-up fashion. Construction was completed on 75 homes which were supplemented with potable water and latrines.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 55
- Accountability: 84
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.7%; rating input score 91
- Fundraising efficiency: $9.5 raised per $1 spent on fundraising; rating input score 36; 36th 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- 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: 5 of 8 controls in place; rating input score 62
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -37.9%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.29; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 4.4%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 2.9% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 12.3% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.7% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2M in reported program spending
- Leadership: top reported pay $98K · 9 people listed
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 4/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.