finEQUITY Inc (EIN 844391836) - 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

2019

Legal Domicile

Principal Officer

Briane Cornish

Phone

6467606655

Tax Period

2024-01-01 to 2024-12-31

finEQUITY Inc, founded in 2019, is a small nonprofit in the Crime & Legal sector that reported $101K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $385K exceeded revenue, resulting in a 282% operating deficit.

Mission

finEQUITY accelerates the prison-to-prosperity pipeline and addresses the financial toll that incarceration has on families by filling financial voids, establishing financial histories, and offering no-cost financial services.

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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 $296,695

Program Service Revenue $250

Investment Income $19,794

Other Revenue $-215,937

TOTAL REVENUE $100,802

Expense Breakdown

Grants Paid $1,796

Salaries & Benefits $297,155

Fundraising Expenses $78,562

Program Expenses $152,428

Other Expenses $86,204

TOTAL EXPENSES $385,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,802	$565,905	-0.8%
Expenses	$385,155	$522,201	-0.3%
Net Income	$-284,353	$43,704	-7.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$116,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Briane Cornish	Executive Director	40.00	Officer	$116,040	$0	$116,040
Joe Robinson	Co Vice Chair	2.00	Director	$0	$0	$0
Mitch Costom	Treasurer	2.00	Director	$0	$0	$0
Mark Shervington	Co Vice Chair	2.00		$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	$100,802	$385,155	$752,753	$-284,353
2023	$565,905	$522,201	$1,045,175	$43,704
2022	$947,411	$275,432	$1,001,732	$671,979
2021	$259,350	$124,113	$169,621	$135,237

finEQUITY Inc