Equitas Health Inc (EIN 311126780) - 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

1984

Legal Domicile

Phone

6142992437

Tax Period

2024-07-01 to 2025-06-30

Equitas Health Inc, founded in 1984, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $86.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO BE THE GATEWAY TO GOOD HEALTH FOR THOSE AT RISK OF OR AFFECTED BY HIV/AIDS, FOR THE LGBTQ COMMUNITY, AND FOR THOSE SEEKING A WELCOMING HEALTHCARE HOME.

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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 $23,271,005

Program Service Revenue $13,066,392

Investment Income $22,174

Other Revenue $49,941,168

TOTAL REVENUE $86,300,739

Expense Breakdown

Grants Paid $2,382,822

Salaries & Benefits $57,758,642

Fundraising Expenses $653,275

Program Expenses $58,968,181

Other Expenses $25,058,479

TOTAL EXPENSES $85,199,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,300,739	$78,554,538	+0.1%
Expenses	$85,199,943	$86,932,131	0.0%
Net Income	$1,100,796	$-8,377,593	-1.1%

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

767

Volunteers

1052

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

$1,519,761

Total Directors

Key Employees

$1,029,345

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAARINA ORNELAS	Board Chair - Term ended	5.0	Officer Director	$0	$0	$0
PHILIP STOWERS	VICE CHAIR	5.0	Officer Director	$0	$0	$0
Rebecca Karason	Secretary	0.5	Officer Director	$0	$0	$0
SUSAN MCMANUS	Board Chair	5.0	Officer Director	$0	$0	$0
Anthony Peddle	TRUSTEE - TERM ENDED	0.5	Director	$0	$0	$0
Clayton O'Neill	TRUSTEE	0.5	Director	$0	$0	$0
DAVID BOYLES	TRUSTEE - TERM START	0.5	Director	$0	$0	$0
DEBE TURNBULL	TRUSTEE - TERM ENDED	0.5	Director	$0	$0	$0
Delia Sosa	TRUSTEE - TERM ENDED	0.5	Director	$0	$0	$0
Elizabeth Hollenbaugh	TRUSTEE	0.5	Director	$0	$0	$0
Gabriel Mastin	TRUSTEE	0.5	Director	$0	$0	$0
KARA JENNINGS	TRUSTEE - TERM START	0.5	Director	$0	$0	$0
KENT HOLLOWAY	Trustee	0.5	Director	$0	$0	$0
Nathaniel Johnson	TRUSTEE	0.5	Director	$0	$0	$0
OMAR ELHAGMUSA	Trustee	0.5	Director	$0	$0	$0
Robert Snyder	TRUSTEE	0.5	Director	$0	$0	$0
SABRINA POWERS	TRUSTEE	0.5	Director	$0	$0	$0
SHAUN YOUNG	TRUSTEE - TERM START	0.5	Director	$0	$0	$0
TAREN LUTCHEY	TRUSTEE - TERM START	0.5	Director	$0	$0	$0
David Munar	Chief Executive Officer	40.0	Officer	$311,119	$31,326	$342,445
David Tessier	Chief Medical Officer	40.0	Officer	$356,270	$7,352	$363,622
Jeffery McNeal	Chief Financial Officer	40.0	Officer	$230,767	$54,869	$285,636
Jonathan Walker	Chief Human Resources Officer	40.0	Officer	$180,874	$42,546	$223,420
NICK SALTSMAN	CHIEF PHARMACY OFFICER	40.0	Officer	$255,134	$49,504	$304,638
Alex Shanks	VP Programs	40.0	Key Emp	$191,050	$13,016	$204,066
Kelly Wesp	Vice President of Quality and Evaluation	40.0	Key Emp	$196,199	$14,085	$210,284
ROBERT COPELAND	INTERIM CEO - TERM ENDED	40.0	Key Emp	$324,846	$19,873	$344,719
Sam Brinker	General Counsel & Compliance Officer	40.0	Key Emp	$229,914	$40,362	$270,276
Andrew Anderson	Pharmacist	40.0	Highest	$182,465	$24,916	$207,381
Dawn Murray	Primary Care Physician	40.0	Highest	$180,066	$40,884	$220,950
Kara Guisinger	Primary Care Physician	40.0	Highest	$212,532	$9,028	$221,560
Reginald Gibson	Director of Dental Services	40.0	Highest	$220,106	$2,836	$222,942
Sheila Santa	Primary Care Physician	40.0	Highest	$209,876	$32,007	$241,883
Carl Zani	Chief Advancement Officer	40.0		$235,596	$25,036	$260,632

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	$86,300,739	$85,199,943	$53,579,765	$1,100,796
2024	$78,554,538	$86,932,131	$53,308,493	$-8,377,593
2023	$73,312,960	$80,840,694	$67,404,343	$-7,527,734
2022	$72,778,357	$68,796,496	$67,332,816	$3,981,861
2021	$67,486,506	$56,238,628	$58,548,069	$11,247,878
2020	$56,206,533	$48,730,503	$39,598,005	$7,476,030
2019	$45,393,954	$39,949,889	$30,247,519	$5,444,065
2018	$36,351,008	$29,974,603	$22,153,407	$6,376,405

Equitas Health Inc