Equity and Transformation
Nonprofit profile at a glance
- EIN
- 834701430
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- Chicago, IL, USA
- Phone
- 7734158919
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $2,281,848
- Expenses
- $1,826,086
- Assets
- $6,560,931
- Liabilities
- $4,364
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- REV DORIS GREEN (PRESIDENT)
- RICHARD WALLACE (EXECUTIVE DIRECTOR)
Highest reported compensation
- RICHARD WALLACE (EXECUTIVE DIRECTOR): $120,000 total reported compensation
- SAMANTHA WALLACE (SECRETARY): $71,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Equity and Transformation EAT is a non-profit community-led organization founded by and for post-incarcerated people. Continuously system-impacted individuals face significant barriers in their everyday lives; they are shut out of the workforce forced into informality and criminalized for surviving. These systemic inequalities often lead to extreme poverty and additional periods of incarceration. EAT is committed to building social and economic equity for informal workers.
What it reported doing in 2024
The Organizing Department of EAT is deeply rooted in the communities we serve operating on the belief that fostering relationships and nurturing leaders is integral to our mission. We actively engage in dialogues seeking to shed light on pertinent issues affecting our community while developing programs that are not just created for them but by them. Our approach to recruitment and retention within EAT is purposeful providing resources and knowledge to empower and enlighten our community members. We are committed to creating an environment where informal workers can envision new possibilities where individuals are equipped with the necessary skills to achieve their aspirations and where sustainable alternatives to detrimental state interventions are forged. In 2024 the Organizing Department further solidified EATs connections with community members through extensive outreach initiatives including weekly canvassing phone banking community gatherings unity dialogues and activating 5,000 men.
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 most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 92
- Accountability: 91
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.9%; rating input score 50
- Program expense ratio: 62.4%; rating input score 62
- Fundraising efficiency: $14.45 raised per $1 spent on fundraising; rating input score 50; 50th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 3.59; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 10.5%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 24.8% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 29.6% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 49.9% of revenue deployed · 62.4% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $120K · 6 people listed
- Consistency: 44 of 44 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Review — Financial Efficiency: Fundraising efficiency scored 50/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 28/100.