Equalize Health Formerly D-Rev

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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

2007

Legal Domicile

Principal Officer

William R Brinkman

Phone

4152183439

Tax Period

2023-01-01 to 2023-12-31

Equalize Health Formerly D-Rev, founded in 2007, is a community nonprofit in the Science & Technology sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 6% surplus.

Mission

Equalize Health believes in a world where we all have access to world-class medical treatment, no matter where we live. Millions of people suffer and die from preventable or treatable conditions simply because they dont have access to the right treatment. Equalize Health is a not-for-profit medical technology company on a mission to change that. We do this by:1) identifying the biggest gaps and opportunities in health care where tech can do the most good,2) designing affordable, world-class medical products that work in the toughest circumstances, 3) partnering with both global and local actors to ensure our products get to those who need them most. We work across the globe, but with a specific focus in regions where health equity gaps are largest, including South Asia and East Africa.

Program Service Accomplishments

Program 1

Expenses: $628,732 Revenue: $514,110

nCPAP: Secured a groundbreaking partnership with Draeger formed to commercialize FlowLite, increasing its capacity to reach newborns with RDS in the hardest to reach places globally. FlowLite...

nCPAP: Secured a groundbreaking partnership with Draeger formed to commercialize FlowLite, increasing its capacity to reach newborns with RDS in the hardest to reach places globally. FlowLite Usability Study in India, spanning 13 locations, 6 states, 37 healthcare facilities, and 108 healthcare stakeholders surrounding usability, use setting, voice of customer, safety, and current standard of care.

Program 2

Expenses: $256,424 Revenue: $209,677

Equalize 2030 Model: We fully implemented our strategy and operating model of "Equalize Health 2030" to partner with local innovators to accelerate global health innovation to where it is needed most to save lives. Partnerships were formed for the First 3 Technologies, namely, with Southern Africa OB-GYN and World-Renowned Postpartum Hemorrhage expert, to launch maternawell tray, a simple innovation that will address the leading cause of maternal mortality.

Program 3

Expenses: $97,718 Revenue: $79,904

Telementoring for healthcare workers in India and Kenya with the aim of strengthening the healthcare systems where our products exist, equalize health partners with local government, NGOs and medical associations to provide digital medical training and professional support to healthcare workers in resource constrained hospitals. By the end of 2022, 2,375 healthcare workers were trained.

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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 $33,388

Program Service Revenue $816,179

Investment Income $-23,447

Other Revenue $392,345

TOTAL REVENUE $1,218,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122

Fundraising Expenses $0

Program Expenses $998,146

Other Expenses $1,148,269

TOTAL EXPENSES $1,148,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,218,465	$2,171,661	-0.4%
Expenses	$1,148,391	$4,668,133	-0.8%
Net Income	$70,074	$-2,496,472	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William R Brinkman	Mgr of Assignee	2.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,218,465	$1,148,391	$131,832	$70,074
2022	$2,171,661	$4,668,133	$518,369	$-2,496,472
2021	$2,659,678	$3,784,112	$2,578,144	$-1,124,434
2020	$4,829,081	$3,048,108	$3,462,846	$1,780,973
2019	$2,552,002	$2,278,855	$1,379,770	$273,147
2018	$2,025,389	$1,984,168	$1,555,173	$41,221