EQUITABLE FACILITIES FUND INC (EIN 822351889) - 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

ANAND KESAVAN

Phone

2125065089

Tax Period

2023-01-01 to 2023-12-31

EQUITABLE FACILITIES FUND INC, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $73.8M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42.0M, a strong 57% operating margin.

Mission

EFF IS A NONPROFIT SOCIAL IMPACT FUND THAT BELIEVES ALL CHILDREN DESERVE A QUALITY EDUCATION. WE EMPOWER HIGH-PERFORMING PUBLIC CHARTER SCHOOLS WITH EQUITABLE ACCESS TO LOW-COST, LONG-TERM FINANCING BY INNOVATIVELY COMBINING MISSION-RELATED INVESTMENTS AND CAPITAL MARKETS.

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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 $24,601,164

Program Service Revenue $41,168,130

Investment Income $6,973,300

Other Revenue $1,033,177

TOTAL REVENUE $73,775,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,371,391

Fundraising Expenses $145,825

Program Expenses $29,955,339

Other Expenses $28,407,825

TOTAL EXPENSES $31,779,216

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,775,771	$109,581,682	-0.3%
Expenses	$31,779,216	$24,559,398	+0.3%
Net Income	$41,996,555	$85,022,284	-0.5%

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

$1,294,781

Total Directors

Key Employees

$676,728

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BUDDY PHILPOT	CHAIRMAN	5.00	Officer Director	$0	$0	$0
SCOTT PEARSON	SECRETARY	5.00	Officer Director	$0	$0	$0
KEVIN HALL	TREASURER	5.00	Officer Director	$0	$0	$0
AARTHI SOWRIRAJAN	DIRECTOR	5.00	Director	$0	$0	$0
NGUYEN HUYHN	DIRECTOR	5.00	Director	$0	$0	$0
ANAND KESAVAN	CEO	40.00	Officer	$661,780	$46,101	$707,881
MICHELLE GETZ	CHIEF CREDIT OFFICER	40.00	Officer	$291,775	$23,209	$314,984
MIKE MCGREGOR	CHIEF OPERATIONS OFFICER	40.00	Officer	$265,375	$6,541	$271,916
SHAWN MCCORMACK	INVESTMENT PRINCIPAL	40.00	Key Emp	$187,625	$35,442	$223,067
WENDY BERRY	INVESTMENT PRINCIPAL	40.00	Key Emp	$212,575	$24,111	$236,686
MARC WANCER	INVESTMENT PRINCIPAL	40.00	Key Emp	$216,975	$0	$216,975

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	$73,775,771	$31,779,216	$1,479,720,868	$41,996,555
2022	$109,581,682	$24,559,398	$1,150,821,941	$85,022,284
2021	$34,535,002	$14,997,159	$843,754,758	$19,537,843
2020	$48,316,179	$9,571,763	$575,484,952	$38,744,416
2018	$154,040,390	$1,859,121	$152,587,484	$152,181,269

EQUITABLE FACILITIES FUND INC