LETS EQUIP INC (EIN 844229241) - 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

2020

Legal Domicile

Principal Officer

ALLEN PARR

Phone

2144764472

Tax Period

2024-01-01 to 2024-12-31

LETS EQUIP INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $357K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $54K, a strong 15% operating margin.

Mission

TO EQUIP BELIEVERS WITH THE NECESSARY TOOLS, TRAINING, AND TEACHING FOR MINISTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,502

Program Service Revenue $169,506

Investment Income $0

Other Revenue $2,445

TOTAL REVENUE $357,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,656

Fundraising Expenses $0

Program Expenses $284,622

Other Expenses $260,871

TOTAL EXPENSES $303,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,453	$462,342	-0.2%
Expenses	$303,527	$595,719	-0.5%
Net Income	$53,926	$-133,377	-1.4%

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

N/A

Employees

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
ALLEN PARR	DIRECTOR	40.00	Director	$0	$0	$0
JENNIFER PARR	DIRECTOR	10.00	Officer	$0	$0	$0
REGGIE HILLIARD	DIRECTOR	5.00	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	$357,453	$303,527	$245,080	$53,926
2023	$462,342	$595,719	$191,154	$-133,377
2021	$559,817	$462,418	$240,375	$97,399
2020	$366,745	$227,794	$142,976	$138,951

LETS EQUIP INC