EQUALITY NC FOUNDATION

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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

1979

Legal Domicile

Principal Officer

ELIAZAR POSADA

Phone

9198290343

Tax Period

2024-01-01 to 2024-12-31

EQUALITY NC FOUNDATION, founded in 1979, is a small nonprofit that reported $630K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $867K exceeded revenue, resulting in a 37% operating deficit.

Mission

EDUCATING THE PUBLIC ON LGBTQ ISSUES AND HOW THEY AFFECT NORTH CAROLINIANS.

Program Service Accomplishments

Program 1

Expenses: $138,338

CIVIC ENGAGEMENT: THE CIVIC ENGAGEMENT STRATEGY OF ENCF IS CENTERED UPON REACHING PEOPLE TRADITIONALLY UNDERREPRESENTED: LGBTQ+, VOTERS OF COLOR, AND RURAL VOTERS. THIS INCLUDES VOTER REGISTRATION...

CIVIC ENGAGEMENT: THE CIVIC ENGAGEMENT STRATEGY OF ENCF IS CENTERED UPON REACHING PEOPLE TRADITIONALLY UNDERREPRESENTED: LGBTQ+, VOTERS OF COLOR, AND RURAL VOTERS. THIS INCLUDES VOTER REGISTRATION, MOBILIZATION, EDUCATION ABOUT HOW THE ELECTION CONNECTS TO LONG-TERM MATERIAL BENEFITS AND COMBATING INCREASED VOTER SUPPRESSION. OUR CIVIC ENGAGEMENT STRATEGY INCLUDES OUR STATEWIDE BIPARTISAN PEER NETWORK OF ELECTED OFFICIALS REPRESENTING COMMUNITIES FROM ACROSS NORTH CAROLINA, AND IN EVERY LEVEL OF STATE AND LOCAL GOVERNMENT, WHO ARE SUPPORTIVE OF LGBTQ RIGHTS AND JUSTICE.

Program 2

Expenses: $167,172

EDUCATION: ENCF PROVIDES TRAINING AND EDUCATION TO INDIVIDUALS, INSTITUTIONS, BUSINESSES, AND THE GOVERNMENT ON HOW TO PROVIDE DIVERSE, INCLUSIVE, AND EQUITABLE ENVIRONMENTS THROUGH THE CORE...

EDUCATION: ENCF PROVIDES TRAINING AND EDUCATION TO INDIVIDUALS, INSTITUTIONS, BUSINESSES, AND THE GOVERNMENT ON HOW TO PROVIDE DIVERSE, INCLUSIVE, AND EQUITABLE ENVIRONMENTS THROUGH THE CORE STRATEGIES OF ADVOCACY, TRAINING AND EDUCATION, LEADERSHIP DEVELOPMENT, AND BASE- BUILDING. OUR EDUCATION POLICY INCLUDES IMPLEMENTING LGBTQ-INCLUSIVE TRAINING AND PROFESSIONAL DEVELOPMENT STATEWIDE, RECRUITING VOLUNTEERS FOR OUR ADVOCATES NETWORK, AND WORKING WITH LGBTQ+ YOUTH FROM RURAL AND OTHER MARGINALIZED COMMUNITIES. WE INVEST IN YOUNG CHANGEMAKERS THROUGH OUR RURAL YOUTH EMPOWERMENT (RYE) FELLOWSHIP, IN ADDITION TO PROVIDING EDUCATION AND TRAINING TO ADULT EDUCATORS AND CARETAKERS.

Program 3

Expenses: $358,702

ALL OTHER SMALL PROGRAMS

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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 $633,081

Program Service Revenue $0

Investment Income $5,076

Other Revenue $-7,876

TOTAL REVENUE $630,281

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $583,530

Fundraising Expenses $62,271

Program Expenses $664,212

Other Expenses $275,581

TOTAL EXPENSES $866,611

Year-over-Year Comparison

	2024	2023	Change
Revenue	$630,281	$711,627	-0.1%
Expenses	$866,611	$1,083,297	-0.2%
Net Income	$-236,330	$-371,670	-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

N/A

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

$111,549

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN PARRA	SECRETARY	1.00	Officer Director	$0	$0	$0
IVAN CANADA	CHAIR	2.50	Officer Director	$0	$0	$0
ORLANDO MITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT DOGENS	TREASURER	1.25	Officer Director	$0	$0	$0
ELIAZAR POSADA	EXECUTIVE DIRECTOR	34.00	Officer	$95,347	$133	$111,549
KENDRA JOHNSON	EXECUTIVE DIRECTOR TO 12/2023	0.00		$20,205	$1,063	$23,845

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	$630,281	$866,611	$902,013	$-236,330
2023	$711,627	$1,083,297	$1,170,150	$-371,670
2022	$1,234,834	$1,008,979	$1,442,227	$225,855
2021	$825,697	$901,142	$1,365,164	$-75,445
2020	$887,137	$634,006	$1,301,282	$253,131
2019	$1,526,738	$616,308	$1,066,763	$910,430
2018	$312,497	$573,300	$156,889	$-260,803