EQUITY HEALTH CARE TRUST

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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

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.

Program Service Accomplishments

Program 1

THE EQUITY HEALTH CARE TRUST ENTERED INTO AN AGREEMENT WITH A COMPANY TO PROVIDE HEALTH BENEFITS TO ITS ELIGIBLE EMPLOYEES. THE COMPANY MAKES CONTRIBUTIONS TO THE TRUST FOR ALL ELIGIBLE EMPLOYEES. A PORTION OF THE COMPANY CONTRIBUTION IS FROM EMPLOYEE WITHHOLDING AND/OR COBRA PAYMENTS. THE TRUST MAKES HEALTH BENEFIT PAYMENTS, IN THE FORM OF INSURANCE PREMIUMS OR HEALTH CARE COSTS FOR ELIGIBLE EMPLOYEES.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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