EQUITY AND TRANSFORMATION

EIN: 834701430 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$2,281,848
Total Expenses
$1,826,086
Total Assets
$6,560,931
Net Assets
$6,556,567
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
Richard Wallace
Phone
7734158919
Tax Period
2024-08-01 to 2025-07-31

EQUITY AND TRANSFORMATION, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $456K, a strong 20% operating margin.

Mission

Equity and Transformation EAT is a non-profit community-led organization founded by and for post-incarcerated people. Continuously system-impacted individuals face significant barriers in their everyday lives; they are shut out of the workforce forced into informality and criminalized for surviving. These systemic inequalities often lead to extreme poverty and additional periods of incarceration. EAT is committed to building social and economic equity for informal workers.

Program Service Accomplishments

Program 1
Expenses: $171,005 Revenue: $275,000

EAT recognizes the need to collect accurate information to create community-centered change. Our Research Department strives to use original evidence to identify barriers to economic and social...

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EAT recognizes the need to collect accurate information to create community-centered change. Our Research Department strives to use original evidence to identify barriers to economic and social mobility amplify the voices of informal workers and build innovative solutions that address the discrimination and disinvestment that have harmed underserved communities. Research plays an essential role in supporting policy development advocacy and organizing campaigns that advance the fight for equity. ln 2024 EATs research Department launched unemployment focus groups and continued our guaranteed income work through the Chicago Future Fund.

Program 2
Expenses: $778,117 Revenue: $320,775

The Organizing Department of EAT is deeply rooted in the communities we serve operating on the belief that fostering relationships and nurturing leaders is integral to our mission. We actively engage...

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The Organizing Department of EAT is deeply rooted in the communities we serve operating on the belief that fostering relationships and nurturing leaders is integral to our mission. We actively engage in dialogues seeking to shed light on pertinent issues affecting our community while developing programs that are not just created for them but by them. Our approach to recruitment and retention within EAT is purposeful providing resources and knowledge to empower and enlighten our community members. We are committed to creating an environment where informal workers can envision new possibilities where individuals are equipped with the necessary skills to achieve their aspirations and where sustainable alternatives to detrimental state interventions are forged. In 2024 the Organizing Department further solidified EATs connections with community members through extensive outreach initiatives including weekly canvassing phone banking community gatherings unity dialogues and activating 5,000 men.

Program 3
Expenses: $190,372 Revenue: $190,372

General Programming EAT works within the informal economy to develop community led policies that transform public perception decriminalize participation remove barriers to employment and build equity.

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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 $2,273,839
Program Service Revenue $8,009
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,281,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,084,956
Fundraising Expenses $157,337
Program Expenses $1,139,494
Other Expenses $741,130
TOTAL EXPENSES $1,826,086

Year-over-Year Comparison

2024 2023 Change
Revenue $2,281,848 $2,917,262 -0.2%
Expenses $1,826,086 $1,791,791 +0.0%
Net Income $455,762 $1,125,471 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
11
Volunteers
500

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
$71,500
Total Directors
3
$0
Key Employees
1
$120,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV DORIS GREEN PRESIDENT 0.50
Officer
$0 $0 $0
RICHARD WALLACE EXECUTIVE DIRECTOR 50.00
Key Emp Highest
$120,000 $0 $120,000
SAMANTHA WALLACE SECRETARY 0.25
Officer
$71,500 $0 $71,500
CHRISTOPHER RUDD TREASURER 0.25
Director
$0 $0 $0
IFE WILLIAMS DIRECTOR 0.25
Director
$0 $0 $0
BARBARA RANSBY DIRECTOR 0.25
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 $2,281,848 $1,826,086 $6,560,931 $455,762
2024 $2,917,262 $1,791,791 $6,116,409 $1,125,471
2023 $3,535,119 $1,468,085 $4,982,907 $2,067,034
2022 $2,204,711 $892,453 $2,908,867 $1,312,258
2021 $1,753,131 $554,003 $1,597,291 $1,199,128
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