REQUITY FOUNDATION INC

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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

MICHAEL ROSENBAND

Phone

4104040322

Tax Period

2024-01-01 to 2024-12-31

REQUITY FOUNDATION INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 385% from the prior year, signaling strong growth momentum. The organization ran a surplus of $418K, a strong 37% operating margin.

Mission

TO BREAK DOWN BARRIERS BETWEEN VOCATIONAL EDUCATION AND THE WORKFORCE BY PREPARING STUDENTS TO PURSUE THEIR DREAMS AND BUILD THE FUTURE THEY IMAGINE.

Program Service Accomplishments

Program 1

Expenses: $161,684 Revenue: $1,311

BUSINESS - BUSINESS STUDENTS RUN REQUITY'S FULLY OPERATIONAL SOCIAL ENTERPRISE, THE PRINT & PRESS SHOP, WHERE STUDENTS MANAGE REAL CLIENT ORDERS FOR BRANDED APPAREL AND SIGNAGE, HANDLING EVERYTHING FROM COST ANALYSIS AND ORDER TRACKING TO FULFILLMENT AND VENDOR COORDINATION. STUDENTS LEARN BUDGETING, PRICING, INVOICING, INVENTORY TRACKING, AND CUSTOMER ENGAGEMENT, GIVING THEM EXPERIENCE IN ENTREPRENEURSHIP, FINANCE, AND LEADERSHIP - DEVELOPING THE MINDSET AND SKILLS TO BECOME CONFIDENT CHANGEMAKERS AND FUTURE BUSINESS LEADERS.

Program 2

Expenses: $131,284 Revenue: $7,261

CONSTRUCTION - OUR CONSTRUCTION PROGRAM AUGMENTS EXISTING VOCATIONAL EDUCATION WITH AN INTERDISCIPLINARY, ENERGY-EFFICIENT BUILDING CONSTRUCTION CURRICULUM, DESIGNED TO BRIDGE THE GAP BETWEEN...

CONSTRUCTION - OUR CONSTRUCTION PROGRAM AUGMENTS EXISTING VOCATIONAL EDUCATION WITH AN INTERDISCIPLINARY, ENERGY-EFFICIENT BUILDING CONSTRUCTION CURRICULUM, DESIGNED TO BRIDGE THE GAP BETWEEN CLASSROOM THEORY AND REAL-WORLD PRACTICAL EXPERIENCES THROUGH THE RESEARCH, DESIGN, RENOVATION, AND ULTIMATELY OWNERSHIP TRANSFER. OUR SIGNATURE CONSTRUCTION PILOT PROJECT, CARVER HOUSE, IS RENOVATING A VACANT ROWHOUSE ACROSS FROM CARVER VOCATIONAL TECHNICAL HIGH SCHOOL INTO AN AFFORDABLE NET-ZERO HOME THAT WILL BE SOLD TO A STUDENT'S MOTHER.

Program 3

Expenses: $80,442 Revenue: $1,300

COMMUNITY - THE REQUITY FOUNDATION IS DEDICATED TO EMPOWERING STUDENTS AT CARVER VOCATIONAL-TECHNICAL HIGH SCHOOL AND RESIDENTS OF THE SURROUNDING ROSEMONT COMMUNITY BY PROVIDING MEANINGFUL...

COMMUNITY - THE REQUITY FOUNDATION IS DEDICATED TO EMPOWERING STUDENTS AT CARVER VOCATIONAL-TECHNICAL HIGH SCHOOL AND RESIDENTS OF THE SURROUNDING ROSEMONT COMMUNITY BY PROVIDING MEANINGFUL OPPORTUNITIES. REQUITY'S GOAL IS TO FORGE SUSTAINABLE PARTNERSHIPS, FOSTER A RENEWED SENSE OF COMMUNITY, STRENGTHEN INFRASTRUCTURE, AND BOLSTER CONNECTIONS TO THE LOCAL ECONOMY, ALL WITH THE AIM OF ENSURING LONG-TERM NEIGHBORHOOD STABILITY. THE LARGEST COMMUNITIY INITIATIVE IF PLEASANT PRESSTMAN, WHICH AIMS TO EMPOWER RESIDENTS BY GRANTING THEM OWNERSHIP OF THEIR NEIGHBORHOOD AND AMPLIFYING THEIR VOICE IN ITS DEVELOPMENT. REQUITY PRIORITIZES CONTRIBUTING TO NEIGHBORHOOD BEAUTIFICATION AND SAFETY. THROUGH FUNDING AND COMMUNITY PARTNERSHIPS, THEY CONTINUE TO SUPPORT VARIOUS INITIATIVES BY PROVIDING RESOURCES, COORDINATING VOLUNTEER OPPORTUNITIES, AND ORGANIZING COMMUNITY MEETINGS TO ENSURE RESIDENTS' VOICES ARE HEARD AND THEY STAY INFORMED.

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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 $1,105,738

Program Service Revenue $8,461

Investment Income $0

Other Revenue $2,611

TOTAL REVENUE $1,116,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $453,703

Fundraising Expenses $69,574

Program Expenses $511,100

Other Expenses $245,546

TOTAL EXPENSES $699,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,116,810	$230,198	+3.9%
Expenses	$699,249	$296,952	+1.4%
Net Income	$417,561	$-66,754	-7.3%

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

$22,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEEMA IYER	PRESIDENT	5.00	Officer Director	$0	$0	$0
AMY SHEININ	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MONICA BRADLEY	SECRETARY	3.00	Officer Director	$0	$0	$0
ERICH BURGER	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL ROSENBAND	EXECUTIVE DIRECTOR	40.00	Officer	$22,692	$0	$22,692

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	$1,116,810	$699,249	$870,316	$417,561
2023	$230,198	$296,952	$336,821	$-66,754
2022	$523,291	$135,842	$405,351	$387,449