SMC Equipment Inc (EIN 831342710) - 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

2018

Legal Domicile

Principal Officer

Alan Lovelace

Phone

4057153959

Tax Period

2023-01-01 to 2023-12-31

SMC Equipment Inc, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $851K in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 273% operating deficit.

Mission

To hold and manage medical equipment as a part of the charitable purpose to benefit the charitable purposes of Stillwater Medical Center Authority, an Oklahoma public trust.

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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 $0

Program Service Revenue $790,869

Investment Income $5,545

Other Revenue $54,518

TOTAL REVENUE $850,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,169,283

Other Expenses $3,172,283

TOTAL EXPENSES $3,172,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$850,932	$337,793	+1.5%
Expenses	$3,172,283	$2,487,286	+0.3%
Net Income	$-2,321,351	$-2,149,493	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Lovelace	President	0.25	Officer Director	$0	$0	$0
Kevin Fowler	Vice-President	0.25	Officer Director	$0	$0	$0
Steven Taylor	Secretary	0.25	Officer Director	$0	$0	$0
Kari Easson	Treasurer	0.25	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
2024	No data	No data	No data	No data
2023	$850,932	$3,172,283	$24,320,279	$-2,321,351
2022	$337,793	$2,487,286	$26,717,295	$-2,149,493
2021	$317,696	$2,045,250	$13,228,589	$-1,727,554
2020	$685,285	$1,748,225	$14,956,143	$-1,062,940
2019	$599,900	$315,345	$16,389,742	$284,555
2018	$359,257	$108,671	$16,302,765	$250,586

SMC Equipment Inc