EQUAL CHANCE FOR EDUCATION (EIN 464528066) - 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

2014

Legal Domicile

Principal Officer

RAQUEL OLUYEMO

Phone

7132087595

Tax Period

2022-07-01 to 2023-06-30

EQUAL CHANCE FOR EDUCATION, founded in 2014, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 10% surplus.

Mission

OUR GOAL IS TO PROVIDE AN EQUAL OPPORTUNITY TO ACHIEVE THE AMERICAN DREAM THROUGH THE COMPLETION OF A COLLEGE EDUCATION BY PROVIDING DIRECT PAYMENT SCHOLARSHIPS TO EDUCATION INSTITUTIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,899,222

Program Service Revenue $0

Investment Income $-1,659

Other Revenue $122,598

TOTAL REVENUE $2,020,161

Expense Breakdown

Grants Paid $1,582,622

Salaries & Benefits $153,991

Fundraising Expenses $86,236

Program Expenses $1,650,479

Other Expenses $79,367

TOTAL EXPENSES $1,815,980

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,020,161	$1,797,877	+0.1%
Expenses	$1,815,980	$1,830,352	0.0%
Net Income	$204,181	$-32,475	-7.3%

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

109

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

$90,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAQUEL OLUYEMO	EXECUTIVE DI	30.00	Officer Director	$90,000	$0	$90,000
SAGHI ASGARIFAR	SECRETARY	1.00	Director	$0	$0	$0
CHARLES ROBERT BONE	DIRECTOR	1.00	Officer Director	$0	$0	$0
MONICA CINTADO	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CRENSHAW	DIRECTOR	1.00	Officer Director	$0	$0	$0
GREG DAILY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SAM HATCHER	DIRECTOR	1.00	Director	$0	$0	$0
JAY JOYNER	DIRECTOR	1.00	Director	$0	$0	$0
NEIL KRUGMAN	VICE CHAIRME	1.00	Director	$0	$0	$0
ROSS GLOTZBACH	WEST DIVISIO	1.00	Director	$0	$0	$0
KENYATTA LOVETT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MAHANES	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN MCGRANER	CHAIRMAN	1.00	Director	$0	$0	$0
JAMES MUNRO	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA WISEMAN MUNRO	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND PIRTLE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD RHODA	BOARD CHAIR	1.00	Director	$0	$0	$0
MATTHEW ASHWOOD	DEVELOPMENT	1.00	Director	$0	$0	$0
KEVIN SIVANERI	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SPALDING	FOUNDER	20.00	Director	$0	$0	$0
ANGELA TILLERY	DIRECTOR	1.00	Director	$0	$0	$0
TREY LIPMAN	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE SHRAGO	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	No data	No data	No data	No data
2023	$2,020,161	$1,815,980	$377,046	$204,181
2022	$1,797,877	$1,830,352	$309,155	$-32,475
2021	$1,649,948	$1,627,473	$440,595	$22,475
2020	$1,315,306	$1,250,591	$418,120	$64,715

EQUAL CHANCE FOR EDUCATION