EQUALITY FEDERATION INSTITUTE (EIN 810670151) - 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

2005

Legal Domicile

Principal Officer

FRANCES HUTCHINS

Phone

9293733370

Tax Period

2023-01-01 to 2023-12-31

EQUALITY FEDERATION INSTITUTE, founded in 2005, is a community nonprofit in the Civil Rights & Advocacy sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 33% operating deficit.

Mission

MOVEMENT BUILDER AND STRATEGIC PARTNER TO STATE-BASED ORGANIZATIONS ADVOCATING FOR LGBTQ+ PEOPLE.

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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 $2,267,148

Program Service Revenue $242,506

Investment Income $115,955

Other Revenue $0

TOTAL REVENUE $2,625,609

Expense Breakdown

Grants Paid $306,000

Salaries & Benefits $1,666,264

Fundraising Expenses $375,783

Program Expenses $2,754,037

Other Expenses $1,504,992

TOTAL EXPENSES $3,497,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,625,609	$4,913,752	-0.5%
Expenses	$3,497,256	$2,824,792	+0.2%
Net Income	$-871,647	$2,088,960	-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

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

$321,439

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRAN HUTCHINS	EXECUTIVE DIRECTOR	36.00	Officer	$173,394	$5,254	$197,914
IAN PALMQUIST	DEPUTY EXECUTIVE DIRECTOR	38.00	Highest	$142,512	$17,446	$167,459
JOELLYN WEINGOURT	DEVELOPMENT DIRECTOR	40.00	Highest	$103,115	$16,682	$119,797
DAN YONKER	VICE PRESIDENT OF FINANCE	32.00	Officer	$95,952	$3,585	$123,525
MEL KING	VICE PRESIDENT OF OPERATIONS	36.00	Highest	$94,584	$4,019	$109,112
N/A	BOARD CHAIR	5.00		$0	$0	$0
N/A	SECRETARY	5.00		$0	$0	$0
N/A	TREASURER	5.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	DIRECTOR (08/01/23 - 12/31/23)	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$0	$0	$0
N/A	IMMEDIATE PAST CHAIR (1/1/23-7/31/23)	1.00		$0	$0	$0
N/A	DIRECTOR	1.00		$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
2024	No data	No data	No data	No data
2023	$2,625,609	$3,497,256	$4,308,587	$-871,647
2022	$4,913,752	$2,824,792	$5,182,931	$2,088,960
2021	$2,739,939	$2,070,309	$3,268,572	$669,630
2020	$3,297,174	$1,621,854	$2,779,467	$1,675,320
2019	$1,918,441	$1,688,190	$872,178	$230,251
2018	$1,574,617	$1,695,319	$639,299	$-120,702

EQUALITY FEDERATION INSTITUTE