EQUALITY MICHIGAN (EIN 382556668) - 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

1983

Legal Domicile

Principal Officer

ERIN KNOTT

Phone

3135377000

Tax Period

2023-01-01 to 2023-12-31

EQUALITY MICHIGAN, founded in 1983, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $278K, a strong 21% operating margin.

Mission

TO ACHIEVE FULL EQUALITY AND RESPECT FOR ALL MICHIGAN RESIDENTS REGARDLESS OF SEXUAL ORIENTATION, GENDER IDENTITY, OR GENDER EXPRESSION

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,221,575

Program Service Revenue $106,371

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,327,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $740,564

Fundraising Expenses $312,193

Program Expenses $568,088

Other Expenses $309,523

TOTAL EXPENSES $1,050,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,327,946	$2,431,793	-0.5%
Expenses	$1,050,087	$1,940,706	-0.5%
Net Income	$277,859	$491,087	-0.4%

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

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

$133,345

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUZZ THOMAS	CHAIR	3.00	Officer Director	$0	$0	$0
COURTNEY SIMMONS	VICE-CHAIR	3.00	Officer Director	$0	$0	$0
KERRIN KRAMER	SECOND VICE-CHAIR	3.00	Officer Director	$0	$0	$0
SCOTT MORROW	TREASURER	3.00	Officer Director	$0	$0	$0
MAE ZURITA	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD VAUGHAN	MEMBER-AT-LARGE	3.00	Director	$0	$0	$0
TIM ATKINSON	TRUSTEE	2.00	Director	$0	$0	$0
DELL DARNELL	TRUSTEE	1.00	Director	$0	$0	$0
TRACY HALL	TRUSTEE	1.00	Director	$0	$0	$0
JEFF HASTEDT	TRUSTEE	1.00	Director	$0	$0	$0
CHUCK OTIS	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP SMITH	TRUSTEE	1.00	Director	$0	$0	$0
ERIN KNOTT	EXECUTIVE DIRECTOR	32.00	Officer	$133,345	$0	$133,345

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	No data	No data	No data	No data
2023	$1,327,946	$1,050,087	$1,379,317	$277,859
2022	$2,431,793	$1,940,706	$1,064,429	$491,087
2021	$765,979	$667,296	$576,029	$98,683
2020	$715,606	$643,693	$469,749	$71,913
2019	$645,716	$529,570	$389,526	$116,146
2018	$533,443	$734,047	$270,188	$-200,604
2018	$533,443	$734,047	$270,188	$-200,604

EQUALITY MICHIGAN