Equiticity

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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

Olatunji Oboi Reed

Phone

7739166264

Tax Period

2024-05-01 to 2025-04-30

Equiticity, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 4% surplus.

Mission

To operationalize racial equity by harnessing the collective power through research, advocacy, programs, community mobility rituals, and social enterprises to improve the lives of black, brown, and indigenous people in our society.

Program Service Accomplishments

Program 1

Expenses: $828,991

Equiticity accomplished the launch of our inaugural Bike Force Cohort in partnership with Cook County JAC wherein local youth were trained in e-bike technologies, e-scooter repair, received...

Equiticity accomplished the launch of our inaugural Bike Force Cohort in partnership with Cook County JAC wherein local youth were trained in e-bike technologies, e-scooter repair, received post-secondary guidance from workers in the field, and explored new parts of their city. Students were paid a stipend and gave an end-of-session presentation to showcase their learning and insights.

Program 2

NCDP is dedicated to advancing efforts to decolonize philanthropy, advocating for equitable funding practices and policies. With generous funding from Energy Foundation cohorts work to provide...

NCDP is dedicated to advancing efforts to decolonize philanthropy, advocating for equitable funding practices and policies. With generous funding from Energy Foundation cohorts work to provide support for a shared resource for the More Mobility, No Tailpipes campaign.

Program 3

Equiticity is developing a new mobility hub - a physical and digital space where neighborhood residents createcommunity around mobility justice and environmental justice. The Go Hub will improve...

Equiticity is developing a new mobility hub - a physical and digital space where neighborhood residents createcommunity around mobility justice and environmental justice. The Go Hub will improve mobility, equity, climate resilience and environmental health by: (1) initiating mobility device share programs that provide residents with access to affordable and climate-friendly electric vehicles (EV's), e-bikes.

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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 $1,321,376

Program Service Revenue $0

Investment Income $25

Other Revenue $-4,460

TOTAL REVENUE $1,316,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $441,915

Fundraising Expenses $166,591

Program Expenses $828,991

Other Expenses $825,264

TOTAL EXPENSES $1,267,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,316,941	$963,834	+0.4%
Expenses	$1,267,179	$2,182,376	-0.4%
Net Income	$49,762	$-1,218,542	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacquelyne D Grimshaw	Treasurer	3.00	Officer Director	$0	$0	$0
Chandra Christmas-Rouse	Secretary	3.00	Officer Director	$0	$0	$0
Caronina Grimble	Director	2.00	Director	$0	$0	$0
Dr Beverly Scott	Director	2.00	Director	$0	$0	$0
Gregory Rodriguez	Director	2.00	Director	$0	$0	$0
Dr Nadia I Anderson	Director	2.00	Director	$0	$0	$0
Serrater Champman	Director	2.00	Director	$0	$0	$0
Samantha Roxas	Director	2.00	Director	$0	$0	$0
Enjoli Dixon	Director	2.00	Director	$0	$0	$0
Nimotalai Azeez	Director	2.00	Director	$0	$0	$0
Freddie Fuller lll	Director	2.00	Director	$0	$0	$0
Jerome Horne	Director	2.00	Director	$0	$0	$0
Robert Bob Dean	Director	2.00	Director	$0	$0	$0
Olatunji Oboi Reed	President & CEO	40.00	Officer	$0	$0	$0
Bonita Scarlett-Logan	Director of Development	40.00	Highest	$105,359	$0	$105,359

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
2025	$1,316,941	$1,267,179	$809,440	$49,762
2025	$13,883	$125,291	$572,596	$-111,408
2024	$963,834	$2,182,376	$627,012	$-1,218,542
2023	$2,609,338	$770,260	$1,848,297	$1,839,078