Civic Intelligence

Rainbow Omega Inc.

990 • Fiscal year 2024 • EIN 63-1036500

Oct 01, 2023 to Sep 30, 2024 • Filed on Aug 15, 2025

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

61st percentile

0.27x

Higher debt load relative to assets than 61% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.36x

Higher debt load relative to revenue than 61% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

25th percentile

-4.8%

Higher net margin than 25% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

31st percentile

$132,851

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

22nd percentile

-2.6%

Faster asset growth than 22% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

1.2%

Faster revenue growth than 35% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,918,119

Down $591,960 (-5.1%) from 2022

Net Assets

Down

$7,931,716

Down $349,020 (-4.2%) from 2022

Liabilities

Down

$2,986,403

Down $242,940 (-7.5%) from 2022

Revenue

Up

$8,393,403

Up $115,183 (+1.4%) from 2022

Expenses

Up

$8,793,268

Up $569,011 (+6.9%) from 2022

Net Income

Down

-$399,865

Down $453,828 (-841%) from 2022

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

2024

Assets$10,918,119
Liabilities$2,986,403
Net Assets$7,931,716

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

2024

Revenue$8,393,403
Expenses$8,793,268
Net Income-$399,865
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$8,633,937
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$7,942,915$7,536,169▼ $406,746
Investments in Publicly Traded Securities$1,415,170$1,713,478▲ $298,308
Accounts Receivable$736,849$1,013,028▲ $276,179
Cash and Non-Interest-Bearing Accounts$1,061,765$608,688▼ $453,077
Prepaid Expenses and Deferred Charges$17,861$28,947▲ $11,086
Inventories for Sale or Use$31,500$17,809▼ $13,691
Total Assets$11,206,060$10,918,119▼ $287,941
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,763,072$2,663,441▼ $99,631
Accounts Payable and Accrued Expenses$277,295$219,229▼ $58,066
Deferred Revenue$125,275$89,583▼ $35,692
Other Liabilities$219,633$14,150▼ $205,483
Total Liabilities$3,385,275$2,986,403▼ $398,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,999,927$6,131,716▲ $131,789
Net Assets With Donor Restrictions$1,820,858$1,800,000▼ $20,858
Total Net Assets Fund Balance$7,820,785$7,931,716▲ $110,931
Total Liabilities and Net Assets / Fund Balance$11,206,060$10,918,119▼ $287,941

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,583,990$7,311,588$13,895,578
Land$952,179-$952,179

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,415,170-▲ $305,113-$1,720,283
2022$1,268,506$650▲ $146,014-$1,415,170
2021$1,283,620$169,033▼ $184,147-$1,268,506
2020$1,057,958$36,795▲ $188,867-$1,283,620
2019-$1,029,550▲ $28,408-$1,057,958
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sheretta VannHouse ManagerFT$132,851-$132,851
Tim HodgeCEOFT$117,817$15,027$132,844
Constance M TerrellHouse ManagerFT$110,782-$110,782
Edith RobersonNurse SupervisorFT$109,945-$109,945
Mary F ButlerNurse SupervisorFT$105,145-$105,145

Board Members and Trustees

NameTitle
Dr Vance MooreBoard Chairman
Jeff HelmsBoard Vice-chairman
Gina WomackBoard Member
Jeff SpeegleBoard Member
Justin LackeyBoard Member
Leslie JewellBoard Member
Matt VegaBoard Member
Remelle Orman-davisBoard Member
Sarah Hubbard-arthursBoard Member
Mona JenkinsBoard Secretary
Clay BlackwellBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,372,451
Program Service Revenue
$5,848,382
Investment Income
$13,878
Other Revenue
$158,692
All Other Contributions
$1,569,346
Change in Net Assets
$-399,865

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Securities Publicly Traded$198,465Fair Market Value
Total Noncash Contributions$198,465-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,393,403
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$305,113
Total Revenue per Audited Statements
$8,698,516
Total Revenue per Form 990
$8,393,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,984,200
Other Expenses$2,809,068
Total Fundraising Expense$69,812
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,671,885$490,578-$5,162,463
Depreciation Depletion$436,267$90,456-$526,723
Other Employee Benefits$356,912$112,981-$469,893
Payroll Taxes$318,261$33,583-$351,844
Insurance$221,827$47,634$16,898$286,359
Information Technology$86,452$65,310$12,723$164,485
Fees for Services Management$82,996$57,868$19,320$160,184
Interest$69,965$83,226-$153,191
Other Expenses$147,265$5,663$130$153,058
Office Expenses$110,171$36,454$911$147,536
Fees for Services Accounting$58,918$41,198$14,608$114,724
All Other Expenses$61,536$47,515$280$109,331
Travel$2,830$677$832$4,339
Advertising-$3,449$775$4,224
Fees for Services Legal$1,717$1,206$471$3,394
Total Functional Expenses$7,514,208$1,209,248$69,812$8,793,268

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,998,951
Expenses per Audited Statements$8,793,268
Total Expenses per Form 990$8,793,268
Expenses Not Reported on Form 990$205,683
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$217,535
Fundraising Direct Expenses$105,823
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinners$217,535$217,535$105,823$111,712
Total Events$217,535$217,535$105,823$111,712
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$14,150
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
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, Part VI, Section B, Line 11B

Organization's process to review form 990 - executive director, president of board of directors and comptroller review 990 before filing.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy - annually requirement of all board members.

Form 990, Part VI, Section B, Line 15A

Compensation process for top official - reviewed and approved by board of directors.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation - governing documents are available upon written request.

Filing and Contact Details

Filer

Filer Name
Rainbow Omega Inc
EIN
63-1036500
Phone
2568310919
Address
PO BOX 740, EASTABOGA, AL 36260

Signing Officer

Name
Tim Hodge
Title
CEO
Phone
2568310919
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Vance Moore
Formed
1991
Legal Domicile
Al
Voting Board Members
11
Independent Board Members
11
Employees
191
Volunteers
300

Preparer

Firm
Warren Averett LLC
Address
415 E 10TH STREET, ANNISTON, AL 36207
Preparer
Brett Key
Phone
2562410560
Supplemental Narrative

Financial Statement Notes

Part V, Line 4

Intended uses for endowment funds' future capital needs.

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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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