EQUITY AND TRANSFORMATION

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

CHICAGO, IL

Total Revenue
$2,917,262
Total Expenses
$1,791,791
Total Assets
$6,116,409
Net Assets
$6,100,804
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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
IL
Phone
7734158919
Tax Period
2023-08-01 to 2024-07-31

EQUITY AND TRANSFORMATION, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $1.1M, a strong 39% 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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,904,243
Program Service Revenue $13,019
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,917,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $847,179
Fundraising Expenses $152,748
Program Expenses $1,295,317
Other Expenses $944,612
TOTAL EXPENSES $1,791,791

Year-over-Year Comparison

2023 2022 Change
Revenue $2,917,262 $3,535,119 -0.2%
Expenses $1,791,791 $1,468,085 +0.2%
Net Income $1,125,471 $2,067,034 -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

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Governance

Voting Members
5
Independent Members
5
Employees
12
Volunteers
300

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
$0
Total Directors
3
$0
Key Employees
1
$128,083
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 45.00
Key Emp Highest
$128,083 $0 $128,083
SAMANTHA WALLACE SECRETARY 0.25
Officer
$0 $0 $0
CHRISTOPHER RUDD DIRECTOR 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
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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