Equalize Health Formerly D-Rev

EIN: 260642778 501(c)(3) Science & Technology

Lafayette, CA

Total Revenue
$1,218,465
Total Expenses
$1,148,391
Total Assets
$131,832
Net Assets
$-374,099
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CA
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 is a not-for-profit medical technology company whose mission is to create medical technology for everyone. Equalize Health's products are sold in 75+ countries, and have treated over 1 million patients.On January 10, 2023, Equalize Health (the Assignor), executed a general assignment for the benefit of creditors (ABC) in favor of EH Restructuring LLC, (the Assignee). This action was taken and approved with the authorization and consent of the Assignor's Board of Directors, and it was accepted by the Assignee after efforts to restructure, recapitalize, and combine with a similar entity were unsuccessful.Under the California Code of Civil Procedure as part of the wind-down process for a general assignment, all assets of the Assignor were transferred to the Assignee, an entity formed for the purpose of selling the Assignor's assets and distributing the proceeds to creditors in order of priority under applicable California law.On the effective date of the general assignment

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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