PARITY INC

EIN: 562359952 501(c)(3) Religion

NEW YORK, NY

Total Revenue
$113,069
Total Expenses
$130,975
Total Assets
$105,940
Net Assets
$105,940
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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
1997
Legal Domicile
NY
Principal Officer
MARIAN EDMONDS-ALLEN
Phone
9174418638
Tax Period
2019-01-01 to 2019-12-31

PARITY INC, founded in 1997, is a small nonprofit in the Religion sector that reported $113K in total revenue in fiscal year 2019. Revenue decreased 17% compared to the prior year. Expenses of $131K exceeded revenue, resulting in a 16% operating deficit.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $113,069
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $113,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,500
Fundraising Expenses $0
Program Expenses $65,165
Other Expenses $86,475
TOTAL EXPENSES $130,975

Year-over-Year Comparison

2019 2018 Change
Revenue $113,069 $136,278 -0.2%
Expenses $130,975 $90,128 +0.5%
Net Income $-17,906 $46,150 -1.4%
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

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Governance

Voting Members
8
Independent Members
8
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
1
$44,500
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SONTAIA BRIGGS PRESIDENT 4.00
Director
$0 $0 $0
DR RENAIR AMIN TREASURER 2.00
Director
$0 $0 $0
REV ROBERTO OCHOA SECRETARY 2.00
Director
$0 $0 $0
PELAYO ALVAREZ TRUSTEE 1.00
Director
$0 $0 $0
DR STEVE SPRINKLE TRUSTEE 1.00
Director
$0 $0 $0
REVELIVETTE MENDEZ ANGULO TRUSTEE 1.00
Director
$0 $0 $0
PASTOR SUE WEBLEY TRUSTEE 1.00
Director
$0 $0 $0
KIMBERLY ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
REV MARIAN EDMONDS-ALLEN EXECUTIVE DIRECTOR 40.00
Officer
$44,500 $0 $44,500
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
2019 $113,069 $130,975 $105,940 $-17,906
2018 $136,278 $90,128 $123,846 $46,150
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