EQUALITY LEGAL ACTION FUND (EIN 934485337) - 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

2023

Legal Domicile

Principal Officer

ADAM MORFELD

Phone

4026130724

Tax Period

2025-01-01 to 2025-12-31

EQUALITY LEGAL ACTION FUND, founded in 2023, is a small nonprofit in the Crime & Legal sector that reported $282K in total revenue in fiscal year 2025. Revenue surged 4071% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 21% operating margin.

Mission

WE ARE A GROUP OF VOLUNTEER ATTORNEYS AND ADVOCATES WHO ARE DEDICATED TO FIGHTING EXTREMISM AND DISINFORMATION AGAINST EDUCATORS, PUBLIC OFFICIALS, ELECTION OFFICIALS, AND MEMBERS OF THE LGBTQ COMMUNITY. NO NEBRASKAN DESERVES TO BE THE TARGET OF DISINFORMATION, DEFAMATION, HARASSMENT, AND INTIMIDATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $281,829

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,212

Fundraising Expenses $0

Program Expenses $222,964

Other Expenses $23,752

TOTAL EXPENSES $222,964

Year-over-Year Comparison

	2025	2024	Change
Revenue	$281,829	$6,757	+40.7%
Expenses	$222,964	$170,936	+0.3%
Net Income	$58,865	$-164,179	-1.4%

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

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC GERRARD	DIRECTOR	1.00	Director	$0	$0	$0
ADAM MORFELD	CHAIRMAN	40.00	Officer Director	$60,000	$0	$60,000
DAVID BARMORE	DIRECTOR	1.00	Director	$0	$0	$0
SHEVRIN JONES	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET	PHELAN	40.00	Highest	$124,846	$0	$124,846

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	$281,829	$222,964	$83,808	$58,865
2023	$200,000	$10,878	$189,122	$189,122

EQUALITY LEGAL ACTION FUND