EQUITY NOW INC (EIN 822008232) - 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

ADIA JORDAN

Phone

7167919139

Tax Period

2023-07-01 to 2024-06-30

EQUITY NOW INC, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $14.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $13.0M left a modest 11% surplus.

Mission

EQUITY NOW'S MISSION IS TO DISCOVER, PLAN AND IMPLEMENT INNOVATIVE SOLUTIONS FOR PATHWAYS OF BUILDING EQUITY. FOCUSING ON FINANCIAL EDUCATION, IMPROVING K-12 EDUCATION, SOCIAL-EMOTIONAL LEARNING & ACADEMIC DEVELOPMENT, AND AGRICULTURE & SUSTAINABILITY EDUCATION. LEGENDS CHARTER SCHOOL WAS FOUNDED TO CREATE A PARTNERSHIP WITH STUDENTS, PARENTS AND THE PRINCE GEORGES COUNTY COMMUNITY. LEGENDS CHARTER SCHOOL PROVIDES AN ADVANCED LIBERAL ARTS COLLEGE PREPARATORY EDUCATION, INCORPORATING FINANCIAL EDUCATION THAT IS SUPPLEMENTED WITH BLENDED LEARNING TO PERSONALIZE SCHOLARS LEARNING EXPERIENCE AND ESTABLISH ROBUST FINANCIAL PORTFOLIOS.

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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 $979,473

Program Service Revenue $13,452,756

Investment Income $98,031

Other Revenue $34,731

TOTAL REVENUE $14,564,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,442,906

Fundraising Expenses $66,432

Program Expenses $12,145,988

Other Expenses $5,476,248

TOTAL EXPENSES $12,985,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,564,991	$13,138,001	+0.1%
Expenses	$12,985,586	$10,935,301	+0.2%
Net Income	$1,579,405	$2,202,700	-0.3%

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

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

$530,500

Total Directors

$779,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ATASHA JAMES	CEO - LCS	40.00	Officer Director	$189,636	$829	$190,465
SHOMARI A JAMES	CEO - EQUITY	40.00	Officer Director	$189,370	$455	$189,825
ANTOINE WILLIAMS	DIR OF FIN/O	40.00	Officer Director	$142,814	$7,396	$150,210
GARRETT MUSHAW	EX. DIR OF F	40.00	Director	$135,020	$5,806	$140,826
JUSTIN DEVOSE	DIR. FINANCI	40.00	Director	$102,010	$5,842	$107,852
CHARLETTE BUTLER	LCS BOARD CH	40.00	Officer Director	$0	$0	$0
MAKIES DEVOSE	LCS BOARD ME	40.00	Officer Director	$0	$0	$0
ADIA JORDAN	LCS BOARD SE	40.00	Officer Director	$0	$0	$0
ADIA JORDAN	LCS BOARD ME	40.00	Officer Director	$0	$0	$0
RASHEID SCARLETTE	LCS BOARD ME	40.00	Officer Director	$0	$0	$0
AIREN WASHINGTON	LCS BOARD ME	40.00	Officer 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	$14,564,991	$12,985,586	$30,225,264	$1,579,405
2023	$13,138,001	$10,935,301	$27,204,741	$2,202,700
2022	$9,713,112	$10,109,112	$24,895,154	$-396,000
2020	$336,740	$721,644	$28,248,477	$-384,904
2019	$231,082	$250,023	$160,921	$-18,941
2018	$7,764	$5,391	$2,373	$2,373

EQUITY NOW INC