EQUIP

EIN: 825223993 501(c)(3) Education

PELHAM, AL

Total Revenue
$887,815
Total Expenses
$811,832
Total Assets
$294,161
Net Assets
$238,829
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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
2018
Legal Domicile
AL
Principal Officer
MARSHALL B HUYNH
Phone
2055160322
Tax Period
2024-01-01 to 2024-12-31

EQUIP, founded in 2018, is a small nonprofit in the Education sector that reported $888K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $812K left a modest 9% surplus.

Mission

EQUIP PROVIDES INSTRUCTION TO INDIVIDUALS WITH DISABILITIES COVERING LIFE SKILLS, SOCIAL SKILLS, AND VOCATIONAL SKILLS

Program Service Accomplishments

Program 1
Expenses: $429,631 Revenue: $784,527

EQUIP PROGRAM SERVICE WAS ABLE TO PROVIDE TRANSITION CLASSES, WORK BASED LEARNING EXPERIENES AND JOB TOURS FOR APPROXIMATELY 800 INDIVIDUALS WITH DISABILITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $211,553
Program Service Revenue $676,262
Investment Income $0
Other Revenue $0
TOTAL REVENUE $887,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $487,693
Fundraising Expenses $16,015
Program Expenses $429,631
Other Expenses $324,139
TOTAL EXPENSES $811,832

Year-over-Year Comparison

2024 2023 Change
Revenue $887,815 $532,891 +0.7%
Expenses $811,832 $568,135 +0.4%
Net Income $75,983 $-35,244 -3.2%
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
3
Independent Members
3
Employees
36
Volunteers
100

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
2
$75,000
Total Directors
1
$75,000
Key Employees
1
$75,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARSHALL B HUYNH CEO 70.00
Officer Director Key Emp Highest
$75,000 $0 $75,000
BROOKS ETHEREDGE PRESIDENT 0.50
Officer
$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 $887,815 $811,832 $294,161 $75,983
2023 $532,891 $568,135 $198,078 $-35,244
2022 $494,276 $427,389 $219,134 $66,887
2021 $254,693 $277,451 $187,235 $-22,758
2020 $340,975 $237,204 $200,106 $103,771
2019 $236,035 $169,649 $69,284 $66,386
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