EQUITY ARTS

EIN: 852271772 501(c)(3)

Chicago, IL

Total Revenue
$112,000
Total Expenses
$231,674
Total Assets
$1,194
Net Assets
$1,194
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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
IL
Principal Officer
Alma Wieser
Phone
3125022230
Tax Period
2024-01-01 to 2024-12-31

EQUITY ARTS, founded in 2020, is a small nonprofit that reported $112K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $232K exceeded revenue, resulting in a 107% operating deficit.

Mission

EQUITY ARTS is a center for the creative economy that advances racial equity and wealth-building for artists and entrepreneurs. This reparative ownership model preserves space for synergistic exchanges between value-aligned partners. The center fuels commercial abundance and enriches authentic cultural experiences that serves as a vehicle for transformative healing.

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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 $51,500
Program Service Revenue $60,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $112,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $226,753
Other Expenses $231,674
TOTAL EXPENSES $231,674

Year-over-Year Comparison

2024 2023 Change
Revenue $112,000 $493,000 -0.8%
Expenses $231,674 $450,243 -0.5%
Net Income $-119,674 $42,757 -3.8%
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
7
Independent Members
7
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Williams Board Member 1
Director
$0 $0 $0
David Chavez Board Member 1
Director
$0 $0 $0
Cordell Johnson Board Member 1
Director
$0 $0 $0
Joe Shanahan Board Member 1
Director
$0 $0 $0
Vincent Uribe Treasurer 2
Officer
$0 $0 $0
Sadie Woods Secretary 1
Officer
$0 $0 $0
Alma Wieser President 25
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 $112,000 $231,674 $1,194 $-119,674
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