1056 EQUITIES INC (EIN 112786116) - 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

1969

Legal Domicile

Principal Officer

LUIS ALZATE

Phone

7189496444

Tax Period

2023-01-01 to 2023-12-31

1056 EQUITIES INC, founded in 1969, is a micro nonprofit that reported $3K in total revenue in fiscal year 2023. Revenue surged 2033% from the prior year, signaling strong growth momentum. Expenses of $210K exceeded revenue, resulting in a 6847% operating deficit.

Mission

TITLE HOLDING COMPANY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $163

Other Revenue $2,866

TOTAL REVENUE $3,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $210,411

TOTAL EXPENSES $210,411

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,029	$142	+20.3%
Expenses	$210,411	$230,962	-0.1%
Net Income	$-207,382	$-230,820	-0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$123,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUIS ALZATE	President	1.00	Officer	$0	$0	$81,954
BYRON BOLLING	Treasurer	1.00	Officer	$0	$0	$22,248
Francisco Ortiz	Vice President	1.00	Officer	$0	$0	$19,114

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	No data	No data	No data	No data
2023	$3,029	$210,411	$2,382,791	$-207,382
2022	$142	$230,962	$2,492,568	$-230,820
2021	$74	$195,968	$2,586,120	$-195,894
2020	$66,746	$222,637	$2,675,050	$-155,891

1056 EQUITIES INC