CANNABIS IN EQUITY INC

EIN: 931522831 501(c)(3)

BROOKFIELD, WI

Total Revenue
$100,000
Total Expenses
$125,338
Total Assets
N/A
Net Assets
N/A
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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
2023
Legal Domicile
CT
Principal Officer
JOSHUA LATERMAN
Phone
2032918238
Tax Period
2024-01-01 to 2024-12-31

CANNABIS IN EQUITY INC, founded in 2023, is a small nonprofit that reported $100K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $125K exceeded revenue, resulting in a 25% operating deficit.

Mission

HELPING THOSE DISADVANTAGED BY CONVICTION FOR NON-VIOLENT, MARIJUANA-RELATED CRIMES.

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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 $100,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,250
Fundraising Expenses $0
Program Expenses $49,267
Other Expenses $114,088
TOTAL EXPENSES $125,338

Year-over-Year Comparison

2024 2023 Change
Revenue $100,000 $250,000 -0.6%
Expenses $125,338 $224,662 -0.4%
Net Income $-25,338 $25,338 -2.0%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
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
2
$11,250
Total Directors
3
$11,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA LATERMAN DIRECTOR, CHAIRMAN, PRESID 1.00
Officer Director
$0 $0 $0
JOHN MURRY TREASURER 1.00
Officer Director
$11,250 $0 $11,250
MELISSA KRANTZ DIRECTOR (THRU 8/24) 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 $100,000 $125,338 No data $-25,338
2023 $250,000 $224,662 $25,338 $25,338
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