EQUIP INC (EIN 222452414) - 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

1995

Legal Domicile

Principal Officer

MR BEN ADKINS

Phone

8287383891

Tax Period

2024-01-01 to 2024-12-31

EQUIP INC, founded in 1995, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024.

Mission

TO PREPARE, TRAIN AND SUPPORT FINANCIALLY, EVANGELICAL CHRISTIAN MISSIONARIES IN THEIR WORK AROUND THE WORLD.

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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 $2,737,562

Program Service Revenue $21,636

Investment Income $37,263

Other Revenue $0

TOTAL REVENUE $2,796,461

Expense Breakdown

Grants Paid $507,336

Salaries & Benefits $1,413,379

Fundraising Expenses $49,759

Program Expenses $2,366,130

Other Expenses $950,953

TOTAL EXPENSES $2,871,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,796,461	$2,862,049	0.0%
Expenses	$2,871,668	$2,718,941	+0.1%
Net Income	$-75,207	$143,108	-1.5%

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

$167,867

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR BEN ADKINS	PRESIDENT	40.00	Officer	$118,417	$0	$118,417
MS PAULA EVANS	SECRETARY	40.00	Officer	$49,450	$0	$49,450
MR CALEB BRADSHAW	DIRECTOR	1.00	Director	$0	$0	$0
MR JON BROOKS	CHAIR	1.00	Officer Director	$0	$0	$0
MR JEFF BURWINKEL	DIRECTOR	1.00	Director	$0	$0	$0
MR BRIAN GUENGERICH	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MR KYLE HOOVER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR ANDY MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
MRS DIANE OXENDALE	DIRECTOR	1.00	Director	$0	$0	$0
MR RON POWNALL	TREASURER	1.00	Officer Director	$0	$0	$0
REV LONNIE RAY	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MR JESSE THORNBURG	DIRECTOR	1.00	Director	$0	$0	$0
MS DAWN WILDMAN	DIRECTOR	1.00	Director	$0	$0	$0

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	$2,796,461	$2,871,668	$2,160,518	$-75,207
2023	$2,862,049	$2,718,941	$2,239,924	$143,108
2022	$2,243,844	$2,073,821	$2,104,201	$170,023
2021	$2,203,795	$2,177,817	$1,921,142	$25,978
2020	$2,162,986	$1,939,316	$1,892,763	$223,670
2019	$1,821,284	$1,733,910	$1,686,437	$87,374
2018	$2,102,181	$2,019,391	$1,594,701	$82,790

EQUIP INC