Operation Equivalency Inc (EIN 901014638) - 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

2013

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Operation Equivalency Inc, founded in 2013, is a small nonprofit in the Education sector that reported $326K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $300K left a modest 8% surplus.

Mission

TO PROVIDE STUDENTS A MODERN APPROACH TO PASS THE GED OR EQIVALENT EXAM AND PREPARE THEM FOR THE MARKETPLACE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $325,739

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $325,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,188

Fundraising Expenses $0

Program Expenses $79,767

Other Expenses $156,064

TOTAL EXPENSES $300,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,739	$367,493	-0.1%
Expenses	$300,252	$402,138	-0.3%
Net Income	$25,487	$-34,645	-1.7%

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

N/A

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
IRIS J APONTE	SECRETARY	5.00	Officer Director	$0	$0	$0
IKAY HENRY	VP	5.00	Officer Director	$0	$0	$0
PABLO GUZMAN	TREAURER	5.00	Officer Director	$0	$0	$0
FRANCISCO LANTIGUA	OFFICER	35.00	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
2023	$325,739	$300,252	$30,620	$25,487
2022	$367,493	$402,138	$5,133	$-34,645
2020	$57,770	$53,634	$2,860	$4,136
2019	$123,735	$126,429	No data	$-2,694
2018	$127,135	$145,824	$6,341	$-18,689

Operation Equivalency Inc