EQUATION COLLABORATIVE CORP

EIN: 854081633 501(c)(3) Food, Agriculture & Nutrition

ENCINITAS, CA

Total Revenue
$1,198,791
Total Expenses
$1,435,380
Total Assets
$94,353
Net Assets
$88,322
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
WESLEY BURT
Phone
2139522074
Tax Period
2024-01-01 to 2024-12-31

EQUATION COLLABORATIVE CORP, founded in 2020, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

+BOX IS ON A MISSION TO DELIVER HEALTHY FOOD AND FRESH IDEAS TO THOSE WHO NEED IT MOST. THE CURRENT FOOD ASSISTANCE SYSTEM WAS CREATED 60 YEARS AGO AND IS STILL BASED ON HUNGER-RELIEF WHEN IT SHOULD BE DELIVERING HEALTH AND WELLNESS. +BOX IS COLLABORATING WITH LOCAL COMMUNITIES IN SAN DIEGO TO CREATE A NEXT-GENERATION FOOD ASSISTANCE SYSTEM THAT WILL FUEL WELLNESS, GROWTH, AND OPPORTUNITIES FOR A HEALTHIER LIFE.

Program Service Accomplishments

Program 1
Expenses: $1,006,525

EQUATION COLLABORATIVE, THROUGH OUR +BOX FOOD AND NUTRITION PROGRAM, DISTRIBUTED 28,640 BOXES WITH 428,069 POUNDS OF FRESH, HEALTHY FOOD, ENOUGH FOR APPROXIMATELY 356,977, MEALS TO FOOD INSECURE...

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EQUATION COLLABORATIVE, THROUGH OUR +BOX FOOD AND NUTRITION PROGRAM, DISTRIBUTED 28,640 BOXES WITH 428,069 POUNDS OF FRESH, HEALTHY FOOD, ENOUGH FOR APPROXIMATELY 356,977, MEALS TO FOOD INSECURE FAMILIES WHO DON'T HAVE ENOUGH TO MEET THEIR BASIC NUTRITIONAL NEEDS. +BOX PROVIDED FOOD TO FOOD INSECURE FAMILIES IN 47 OF 52 WEEKS DURING 2024, SUPPORTING AN AVERAGE OF 609 FAMILIES PER WEEK.

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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 $1,202,344
Program Service Revenue $0
Investment Income $0
Other Revenue $-3,553
TOTAL REVENUE $1,198,791

Expense Breakdown

Grants Paid $684,428
Salaries & Benefits $479,830
Fundraising Expenses $191,479
Program Expenses $1,006,525
Other Expenses $271,122
TOTAL EXPENSES $1,435,380

Year-over-Year Comparison

2024 2023 Change
Revenue $1,198,791 $1,284,725 -0.1%
Expenses $1,435,380 $1,119,804 +0.3%
Net Income $-236,589 $164,921 -2.4%
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

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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
8
Independent Members
8
Employees
6
Volunteers
600

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
5
$150,609
Total Directors
9
$150,609
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WESLEY BURT EXECUTIVE DIRECTOR 40.00
Officer Director
$147,860 $2,749 $150,609
GREGG BURT BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
TONY DURKET DIRECTOR 1.00
Officer Director
$0 $0 $0
PATTI MALMUTH TREASURER 1.00
Officer Director
$0 $0 $0
LARUIE DOYLE SECRETARY 1.00
Officer Director
$0 $0 $0
RICARDO VELARDE DIRECTOR 1.00
Director
$0 $0 $0
TERESA LEITSTEIN DIRECTOR 1.00
Director
$0 $0 $0
DR ROBERT ROSENFELD DIRECTOR 1.00
Director
$0 $0 $0
JACOB OLSON DIRECTOR 1.00
Director
$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 $1,198,791 $1,435,380 $94,353 $-236,589
2023 $1,284,725 $1,119,804 $326,763 $164,921
2022 $577,952 $792,991 $168,247 $-215,039
2021 $950,175 $624,979 $375,049 $325,196
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