EQUITY HEALTH CARE TRUST

EIN: 277021273 Mutual Benefit

CAREY, OH

Total Revenue
$6,823,486
Total Expenses
$6,884,243
Total Assets
$190,923
Net Assets
$190,923
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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
2011
Legal Domicile
OH
Principal Officer
DAVID ANDREWS
Phone
4193963900
Tax Period
2024-01-01 to 2024-12-31

EQUITY HEALTH CARE TRUST, founded in 2011, is a community nonprofit in the Mutual Benefit sector that reported $6.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE PURPOSE OF THE EQUITY HEALTH CARE TRUST IS TO FURNISH ELIGIBLE EMPLOYEES OF PARTICIPATING EMPLOYERS WITH CERTAIN HEALTH CARE AND WELFARE BENEFITS.

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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 $0
Program Service Revenue $6,823,486
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,823,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $694,955
TOTAL EXPENSES $6,884,243

Year-over-Year Comparison

2024 2023 Change
Revenue $6,823,486 $6,160,196 +0.1%
Expenses $6,884,243 $6,506,066 +0.1%
Net Income $-60,757 $-345,870 -0.8%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID ANDREWS TRUSTEE 2.00
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 $6,823,486 $6,884,243 $190,923 $-60,757
2023 $6,160,196 $6,506,066 $251,680 $-345,870
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