EQUATION COLLABORATIVE CORP (EIN 854081633) - 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

2020

Legal Domicile

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.

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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 $1,202,344

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

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

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

$150,609

Total Directors

$150,609

Key Employees

Highest Compensated

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

EQUATION COLLABORATIVE CORP