News Columns & Blogs

Hope for Rainbows

The sketchy story behind last week's Chapter 11 bankruptcy filing by Rainbows United looks like every nonprofit organization's worst nightmare — a board and staff misled and, now, public revelations of "financial irregularities" including a shocking $2.3 million in unpaid federal withholding taxes. Friday's announced reorganization plan of 70 layoffs, sales of two buildings and fewer services won't be easy on the organization or the families of the 2,300 children with special needs served by Rainbows. Many questions remain, including how the board members could have missed the financial shenanigans for so long. But it's a reflection of the community's respect for and reliance on Rainbows that so far, the focus isn't so much on blame as on ensuring the organization's rescue and full recovery.

  Comments