Civic Intelligence

Rainbow Omega Inc.

990 • Fiscal year 2018 • EIN 63-1036500

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 01, 2019

PO Box 740Eastaboga, AL 36260

(256) 831-0919

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.51x

Higher debt load relative to assets than 77% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.65x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

50th percentile

2.9%

Higher net margin than 50% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

30th percentile

$78,322

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

36th percentile

-1.4%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

4.6%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,205,479

Down $114,001 (-1.4%) from 2017

Net Assets

Up

$3,998,018

Up $203,861 (+5.4%) from 2017

Liabilities

Down

$4,207,461

Down $317,862 (-7.0%) from 2017

Revenue

Up

$6,498,608

Up $286,336 (+4.6%) from 2017

Expenses

Up

$6,310,964

Up $189,599 (+3.1%) from 2017

Net Income

Up

$187,644

Up $96,737 (+106%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $9,161,390Liabilities 2013: $5,316,690Net Assets 2013: $3,844,7002013Assets 2014: $8,941,732Liabilities 2014: $5,377,070Net Assets 2014: $3,564,6622014Assets 2015: $8,852,107Liabilities 2015: $5,422,349Net Assets 2015: $3,429,7582015Assets 2017: $8,319,480Liabilities 2017: $4,525,323Net Assets 2017: $3,794,1572017Assets 2018: $8,205,479Liabilities 2018: $4,207,461Net Assets 2018: $3,998,0182018Assets 2019: $9,411,021Liabilities 2019: $4,122,649Net Assets 2019: $5,288,3722019Assets 2020: $11,399,788Liabilities 2020: $4,588,793Net Assets 2020: $6,810,9952020Assets 2021: $11,930,247Liabilities 2021: $3,519,327Net Assets 2021: $8,410,9202021Assets 2022: $11,510,079Liabilities 2022: $3,229,343Net Assets 2022: $8,280,7362022Assets 2024: $10,918,119Liabilities 2024: $2,986,403Net Assets 2024: $7,931,7162024

Highlighted filing

2018

Assets$8,205,479
Liabilities$4,207,461
Net Assets$3,998,018

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2013: $5,191,9502013Revenue 2014: $5,491,750Expenses 2014: $5,771,788Net Income 2014: -$280,0382014Revenue 2015: $5,871,158Expenses 2015: $6,006,062Net Income 2015: -$134,9042015Revenue 2017: $6,212,272Expenses 2017: $6,121,365Net Income 2017: $90,9072017Revenue 2018: $6,498,608Expenses 2018: $6,310,964Net Income 2018: $187,6442018Revenue 2019: $7,899,810Expenses 2019: $6,609,456Net Income 2019: $1,290,3542019Revenue 2020: $8,618,263Expenses 2020: $7,095,640Net Income 2020: $1,522,6232020Revenue 2021: $8,832,059Expenses 2021: $7,269,358Net Income 2021: $1,562,7012021Revenue 2022: $8,278,220Expenses 2022: $8,224,257Net Income 2022: $53,9632022Revenue 2024: $8,393,403Expenses 2024: $8,793,268Net Income 2024: -$399,8652024

Highlighted filing

2018

Revenue$6,498,608
Expenses$6,310,964
Net Income$187,644
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 1, 2019
Return Version
2017v2.3
Gross Receipts
$6,710,665
Mission and Program Overview

Mission

Provide group homes for developmentally disabled adults in a caring and nurturing environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,566,876$7,257,020▼ $309,856
Cash and Non-Interest-Bearing Accounts$219,246$402,055▲ $182,809
Accounts Receivable$421,001$313,989▼ $107,012
Prepaid Expenses and Deferred Charges$18,861$19,141▲ $280
Total Assets$8,319,480$8,205,479▼ $114,001
Other Assets Total$93,496$213,274▲ $119,778
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,026,054$3,721,067▼ $304,987
Deferred Revenue$264,469$261,358▼ $3,111
Accounts Payable and Accrued Expenses$224,150$212,786▼ $11,364
Other Liabilities$10,650$12,250▲ $1,600
Total Liabilities$4,525,323$4,207,461▼ $317,862
Net Assets / Fund Balance
Unrestricted Net Assets$3,712,217$3,925,183▲ $212,966
Temporarily Rstr Net Assets$81,940$72,835▼ $9,105
Total Net Assets Fund Balance$3,794,157$3,998,018▲ $203,861
Total Liabilities and Net Assets / Fund Balance$8,319,480$8,205,479▼ $114,001

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,257,020$5,172,250$12,429,270
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
M Stentson CarpenterChairman & EFT$78,322$78,322

Board Members and Trustees

NameTitle
Clay BlackwellDirector
Clay ScofieldDirector
Dr Vance MooreDirector
Jane MullallyDirector
Jeff HelmsDirector
Mary Ann CrumpDirector
Matt VegaDirector
Mike AdamsDirector
Mona JenkinsDirector
Remelle Orman DavisDirector
Ronald HubbardDirector
Wayne WilliamsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,288,992
Program Service Revenue
$5,166,800
Investment Income
$-81,935
Other Revenue
$124,751
All Other Contributions
$968,992
Change in Net Assets
$187,644

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,498,608
Total Revenue per Audited Statements
$6,498,608
Total Revenue per Form 990
$6,498,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,186,502
Other Expenses$2,124,462
Total Fundraising Expense$76,508
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,081,954$548,745-$3,630,699
Depreciation Depletion$379,200$25,676$8,055$412,931
Payroll Taxes$231,997$36,633-$268,630
Occupancy$213,924$9,648-$223,572
Other Employee Benefits$152,138$43,766$12,947$208,851
Interest$88,986$110,701$256$199,943
Insurance$124,512$28,027$17,878$170,417
Office Expenses$72,837$54,044$13,041$139,922
Fees for Services Other$32,978$100,519$1,008$134,505
Current Officers, Directors, Trustees, and Key Employees$28,979$35,601$13,742$78,322
Other Expenses$20,147$39,453$216$59,816
Travel$20,832$16,042$5,355$42,229
Fees for Services Accounting$22,150$3,200-$25,350
All Other Expenses$7,591$6,970-$14,561
Advertising-$688$3,200$3,888
Total Functional Expenses$5,110,140$1,124,316$76,508$6,310,964

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,310,964
Total Expenses per Audited Statements$6,310,964
Total Expenses per Form 990$6,310,964
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$144,734
Fundraising Direct Expenses$19,983
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinners$144,734$144,734-$144,734
Total Events$144,734$144,734$19,983$124,751
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$12,250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Executive director, president of board of directors and comptroller review 990 before filing.

Form 990, Page 6, Part VI, Line 12C

Annually requirement of all board members.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Rainbow Omega Inc
EIN
63-1036500
Address
PO BOX 740, EASTABOGA, AL 36260

Signing Officer

Name
M Stentson Carpenter
Title
Chairman & Exe. Director
Signed
2019-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
M Stentson Carpenter
Formed
1991
Legal Domicile
Al
Voting Board Members
13
Independent Board Members
13
Employees
236

Preparer

Firm
Lawrence Hitt & Pugh Llp
Address
513 ENERGY CENTER BLVD STE 1001, NORTHPORT, AL 35473-5805
Preparer
H Mack Hitt
Phone
2057523700
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IRS990/OtherExpensesGrp/ProgramServicesAmt1258083
IRS990/OtherExpensesGrp/ProgramServicesAmt284047
IRS990/OtherExpensesGrp/ProgramServicesAmt320147
IRS990/OtherExpensesGrp/TotalAmt0291317
IRS990/OtherExpensesGrp/TotalAmt1267865
IRS990/OtherExpensesGrp/TotalAmt2138146
IRS990/OtherExpensesGrp/TotalAmt359816
IRS990/OtherLiabilitiesGrp/BOYAmt010650
IRS990/OtherLiabilitiesGrp/EOYAmt012250
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0548745
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03081954
IRS990/OtherSalariesAndWagesGrp/TotalAmt03630699
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt036633
IRS990/PayrollTaxesGrp/ProgramServicesAmt0231997
IRS990/PayrollTaxesGrp/TotalAmt0268630
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018861
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019141
IRS990/PrincipalOfficerNm0M STENTSON CARPENTER
IRS990/PriorPeriodAdjustmentsAmt016217
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEDICAID PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1RESIDENTIAL RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2VOCATIONAL PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02447548
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11949892
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2769360
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02447548
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11949892
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2769360
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04730940
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01376858
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0103
IRS990/PYOtherExpensesAmt02091107
IRS990/PYOtherRevenueAmt0103114
IRS990/PYProgramServiceRevenueAmt04732197
IRS990/PYRevenuesLessExpensesAmt090907
IRS990/PYSalariesCompEmpBnftPaidAmt04030258
IRS990/PYTotalExpensesAmt06121365
IRS990/PYTotalRevenueAmt06212272
IRS990/ReconcilationRevenueExpnssAmt0187644
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01288992
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01376858
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01863667
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01134108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01042761
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06706386
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05311673
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt04881134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt04744016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt04855664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04573620
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt024366107
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt031072493
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06600665
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt06257992
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt06607683
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt05989772
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt05616381
IRS990ScheduleA/Total509Grp/TotalAmt031072493
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06600665
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt06257992
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06607683
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05989772
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt05616381
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt031072493
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt07257020
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05172250
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012429270
IRS990ScheduleD/ExpensesSubtotalAmt06310964
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt06498608
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07257020
IRS990ScheduleD/TotalExpensesPerForm990Amt06310964
IRS990ScheduleD/TotalLiabilityAmt012250
IRS990ScheduleD/TotalRevenuePerForm990Amt06498608
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06498608
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06310964
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019983
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0DINNERS
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt019983
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt019983
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0144734
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0144734
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0144734
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0144734
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0124751
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR, PRESIDENT OF BOARD OF DIRECTORS AND COMPTROLLER REVIEW 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY REQUIREMENT OF ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt081940
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt072835
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt08319480
IRS990/TotalAssetsEOYAmt08205479
IRS990/TotalAssetsGrp/BOYAmt08319480
IRS990/TotalAssetsGrp/EOYAmt08205479
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01288992
IRS990/TotalEmployeeCnt0236
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt076508
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01124316
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05110140
IRS990/TotalFunctionalExpensesGrp/TotalAmt06310964
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04525323
IRS990/TotalLiabilitiesEOYAmt04207461
IRS990/TotalLiabilitiesGrp/BOYAmt04525323
IRS990/TotalLiabilitiesGrp/EOYAmt04207461
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03794157
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03998018
IRS990/TotalOtherProgSrvcExpenseAmt04730940
IRS990/TotalProgramServiceExpensesAmt05110140
IRS990/TotalProgramServiceRevenueAmt05166800
IRS990/TotalReportableCompFromOrgAmt078322

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