EQUALITY MICHIGAN ACTION NETWORK (EIN 510525019) - 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

2017

Legal Domicile

Principal Officer

ERIN KNOTT

Phone

7344538804

Tax Period

2023-01-01 to 2023-12-31

EQUALITY MICHIGAN ACTION NETWORK, founded in 2017, is a small nonprofit in the Civil Rights & Advocacy sector that reported $336K in total revenue in fiscal year 2023. Revenue fell 68% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $155K, a strong 46% operating margin.

Mission

TO PROVIDE POLICY EXPERTISE, POLITICAL ACUMEN, AND BROAD-BASED RELATIONSHIPS ACROSS THE POLITICAL SPECTRUM TO PROPEL THE MISSION, WHICH IS 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 $330,169

Program Service Revenue $0

Investment Income $5,368

Other Revenue $0

TOTAL REVENUE $335,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $180,508

Other Expenses $180,508

TOTAL EXPENSES $180,508

Year-over-Year Comparison

	2023	2022	Change
Revenue	$335,537	$1,064,560	-0.7%
Expenses	$180,508	$931,242	-0.8%
Net Income	$155,029	$133,318	+0.2%

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

N/A

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
COURTNEY SIMMONS	CHAIR	3.00	Officer Director	$0	$0	$0
BUZZ THOMAS	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
KERRIN KRAMER	SECOND VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT MORROW	TREASURER	1.00	Officer Director	$0	$0	$0
MAE ZURITA	SECRETARY	1.00	Officer Director	$0	$0	$0
DELL DARNELL	TRUSTEE	1.00	Director	$0	$0	$0
ERIN KNOTT	EXECUTIVE DIRECTOR	8.00	Officer	$0	$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	$335,537	$180,508	$386,301	$155,029
2022	$1,064,560	$931,242	$242,358	$133,318

EQUALITY MICHIGAN ACTION NETWORK