Equality Arizona Foundation

Nonprofit profile at a glance

EIN
954124382
IRS 990-EZ coverage
2011–2023
Forms available
Form 990 2022, Form 990-EZ 2023
Location
Phoenix, AZ, USA
Phone
4804012372
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$84,551
Expenses
$61,067
Assets
$18,148
Liabilities
$119,273

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Michael Soto (President and CEO)
  • Jeanne Woodbury (Interim Executive Director)
  • Richie Taylor (Director, Interim President)

People named in this filing

  • Michael Soto (President and CEO)
  • Jeanne Woodbury (Interim Executive Director)
  • Richie Taylor (Director, Interim President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See Schedule O.

What it reported doing in 2023

LGBTQ Education & Training: Our program that offers workshops, talks, educational materials, and public narrative/story telling about LGBTQ people and our daily lives. This is perhaps our most important work in working to fight back against misinformation and propaganda that tires to cast LGBTQ people as dangerous to society at large. We educate people on terminology, statistics, and history while also sharing current day stories about LGBTQ people that everyone can relate to. Our goal with this program is to increase the general cultural literacy in Arizona about LGBTQ people and to share the stories of our lives that are very similar to the heterosexual and cisgender community. During 2023 we used podcasts and social media to tell these stories and offer in person training throughout Arizona.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 100
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.7%; rating input score 47
  • Program expense ratio: 64.7%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 27.8%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 6.57; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 16.5% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 15.6% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 46.7% of revenue deployed · 64.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $39K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.