Aequalis Inc dba The Core Ensemble

EIN: 112798348 501(c)(3) Arts, Culture & Humanities

Lake Worth, FL

Total Revenue
$204,241
Total Expenses
$202,794
Total Assets
$44,523
Net Assets
$44,523
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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
1994
Legal Domicile
FL
Principal Officer
Michael Parola
Phone
5615823841
Tax Period
2024-09-01 to 2025-08-31

Aequalis Inc dba The Core Ensemble, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

Musical performances and education.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $147,096
Program Service Revenue $57,145
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,500
Fundraising Expenses $14,475
Program Expenses $176,701
Other Expenses $171,294
TOTAL EXPENSES $202,794

Year-over-Year Comparison

2024 2023 Change
Revenue $204,241 $236,989 -0.1%
Expenses $202,794 $236,619 -0.1%
Net Income $1,447 $370 +2.9%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
2
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
2
$23,272
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Parola Pres. & Treas. 40.00
Officer
$16,623 $0 $16,623
Margot Emery Clerk 40.00
Officer
$6,649 $0 $6,649
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
2025 $204,241 $202,794 $44,523 $1,447
2024 $236,989 $236,619 $43,076 $370
2023 $252,168 $250,973 $42,707 $1,195
2022 $214,343 $213,636 $41,512 $707
2021 $204,066 $190,284 $40,805 $13,782
2020 $277,221 $273,617 $27,176 $3,604
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