EQUIPPED FOR LIFE INC (EIN 261767553) - 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

2008

Legal Domicile

Principal Officer

DAVID HORNER

Phone

9193980401

Tax Period

2024-01-01 to 2024-12-31

EQUIPPED FOR LIFE INC, founded in 2008, is a micro nonprofit in the Religion sector that reported $79K in total revenue in fiscal year 2024. The organization ran a surplus of $13K, a strong 16% operating margin.

Mission

EQUIPPED FOR LIFE EXISTS TO GLORIFY GOD BY EQUIPPING CHRISTIAN LEADERS WITH BIBLICAL TRUTH, SPIRITUAL INSIGHT AND PRACTICAL HELP SO THEY MAY EXCEL STILL MORE IN MINISTRY.

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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 $55,229

Program Service Revenue $23,817

Investment Income $0

Other Revenue $0

TOTAL REVENUE $79,046

Expense Breakdown

Grants Paid $10,750

Salaries & Benefits $45,516

Fundraising Expenses $5,020

Program Expenses $38,592

Other Expenses $9,776

TOTAL EXPENSES $66,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,046	$79,659	0.0%
Expenses	$66,042	$95,268	-0.3%
Net Income	$13,004	$-15,609	-1.8%

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

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

$34,028

Total Directors

$34,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HORNER	CHIEF EXECUT	40.00	Officer Director	$30,562	$3,466	$34,028
STEVE MUNSHOWER	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
GORDON BOLIN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NEW	DIRECTOR	1.00	Director	$0	$0	$0
JON ROBERSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE VAUGHN	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
2025	No data	No data	No data	No data
2024	$79,046	$66,042	$41,349	$13,004
2023	$79,659	$95,268	$28,345	$-15,609
2022	$143,732	$167,279	$44,297	$-23,547
2021	$44,722	$75,976	$67,502	$-31,254
2020	$76,627	$79,542	$100,691	$-2,915
2019	$92,871	$86,095	$103,762	$6,776
2018	$197,159	$219,202	$95,705	$-22,043

EQUIPPED FOR LIFE INC