EQUITY TRUST INC (EIN 061337421) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

JAMES OLDHAM

Phone

4132566161

Tax Period

2024-01-01 to 2024-12-31

EQUITY TRUST INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $450K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $98K, a strong 22% operating margin.

Mission

TO PROMOTE ECONOMIC AND SOCIAL JUSTICE THROUGH EQUITABLE ACCESS TO LAND AND CAPITAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $274,952

Program Service Revenue $135,111

Investment Income $40,034

Other Revenue $0

TOTAL REVENUE $450,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,029

Fundraising Expenses $6,696

Program Expenses $280,262

Other Expenses $150,800

TOTAL EXPENSES $351,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,097	$595,867	-0.2%
Expenses	$351,829	$382,373	-0.1%
Net Income	$98,268	$213,494	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$71,756

Total Directors

$71,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS FOX	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT REED	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODY BOLLUYT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL ROSENBERG	TREASURER	1.00	Officer Director	$0	$0	$0
MADELINE MILLER	CLERK	1.00	Officer Director	$0	$0	$0
JAMES OLDHAM	EXECUTIVE DIRECTOR	40.00	Officer Director	$65,299	$6,457	$71,756

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$450,097	$351,829	$6,734,675	$98,268
2023	$595,867	$382,373	$6,582,486	$213,494
2023	$595,867	$382,373	$6,582,486	$213,494
2022	$420,144	$211,803	$6,434,499	$208,341
2021	$589,639	$313,580	$6,214,619	$276,059
2020	$383,866	$750,593	$6,115,136	$-366,727
2019	$464,543	$1,236,870	$6,494,144	$-772,327
2018	$1,182,504	$999,955	$9,139,131	$182,549

EQUITY TRUST INC