Equinox Foundation Inc
Equinox Foundation Inc. maintains strong assets despite volatile revenue and consistent operating deficits in recent years.
EIN: 203751438 · Sandpoint, ID · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $458K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $5.2M |
| Transparency Score | 75/100 |
Is Equinox Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equinox Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Equinox Foundation Inc
Equinox Foundation Inc (EIN: 203751438) is a nonprofit organization based in Sandpoint, ID, classified under NTEE code T22. The organization reported total revenue of $1.9M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equinox Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equinox Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $458K |
| Surplus / Deficit | $-284,502 |
| Total Assets | $5.2M |
| Total Liabilities | $1K |
| Net Assets | $5.2M |
| Operating Margin | -163.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 136.1 months |
Financial Health Grade: B
In 2023, Equinox Foundation Inc reported a deficit of $285K with expenses exceeding revenue, holds 136.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Equinox Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +179.4% | +11.9% | +3.1% |
| 2022 | -95.9% | +8.1% | -22.7% |
| 2021 | +619.4% | -9.8% | +7.7% |
| 2020 | -28.6% | -5.5% | +1.6% |
| 2019 | -27.3% | +25.2% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Equinox Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Equinox Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $285K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with assets over $5 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Equinox Foundation Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 expenses $458,135 vs. revenue $173,633)
- Extreme revenue volatility year-over-year (e.g., $1.5M in 2021 to $62K in 2022)
- Reliance on asset drawdowns to cover expenses without clear explanation in provided data
Strengths
The following positive indicators were identified for Equinox Foundation Inc:
- Strong and stable asset base ($5,073,998 latest assets)
- Consistent 0% officer compensation, indicating efficient use of funds at the leadership level
- Regular and transparent IRS 990 filing history (10 filings)
Frequently Asked Questions about Equinox Foundation Inc
Is Equinox Foundation Inc a legitimate charity?
Equinox Foundation Inc (EIN: 203751438) is a registered tax-exempt nonprofit based in Idaho. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Equinox Foundation Inc spend its money?
Equinox Foundation Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Equinox Foundation Inc tax-deductible?
Equinox Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203751438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Equinox Foundation Inc CEO make?
Equinox Foundation Inc's highest-compensated officer earns $5 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Equinox Foundation Inc's spending goes to programs?
Equinox Foundation Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Equinox Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Equinox Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equinox Foundation Inc located?
Equinox Foundation Inc is headquartered in Sandpoint, Idaho and files with the IRS under EIN 203751438. It is classified under NTEE code T22.
How many years of IRS 990 filings does Equinox Foundation Inc have?
Equinox Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
How does Equinox Foundation Inc. cover its expenses when revenue is significantly lower, such as in 2023 ($173,633 revenue vs. $458,135 expenses)?
The organization likely draws from its substantial asset base ($5,073,998) or prior year surpluses to cover operational deficits, as seen in multiple recent periods where expenses exceeded revenue.
What is the primary source of the significant revenue fluctuations observed, for example, from $1,523,293 in 2021 to $62,134 in 2022?
Without more detailed financial statements, it's difficult to pinpoint the exact cause, but such large swings often indicate reliance on large, infrequent grants, investment income, or a small number of major donors.
Given the 0% officer compensation, how is the organization's leadership structured and compensated?
The consistent 0% officer compensation suggests a volunteer board and potentially a lean operational staff whose compensation is not categorized as officer pay, or that key leadership roles are filled by volunteers.
Filing History
IRS 990 filing history for Equinox Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Equinox Foundation Inc's revenue has declined by 74.4%, moving from $679K to $174K. Total assets decreased by 4.5% over the same period, from $5.4M to $5.2M. Total functional expenses rose by 64.1%, from $279K to $458K. In its most recent filing year (2023), Equinox Foundation Inc reported a deficit of $285K, with expenses exceeding revenue. The organization holds $1K in liabilities against $5.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $458K | $5.2M | $1K | — | — |
| 2022 | $62K | $409K | $5.0M | $2K | — | View 990 |
| 2021 | $1.5M | $378K | $6.5M | $1 | — | View 990 |
| 2020 | $212K | $420K | $6.1M | $1 | — | — |
| 2019 | $296K | $444K | $6.0M | $1K | — | View 990 |
| 2015 | $408K | $355K | $6.1M | $0 | — | View 990 |
| 2014 | $432K | $317K | $6.4M | $0 | — | View 990 |
| 2013 | $435K | $304K | $6.3M | $0 | — | View 990 |
| 2012 | $193K | $330K | $5.7M | $0 | — | View 990 |
| 2011 | $679K | $279K | $5.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $458K, and assets of $5.2M (revenue +179.4% year-over-year).
- 2022: Revenue of $62K, expenses of $409K, and assets of $5.0M (revenue -95.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $378K, and assets of $6.5M (revenue +619.4% year-over-year).
- 2020: Revenue of $212K, expenses of $420K, and assets of $6.1M (revenue -28.6% year-over-year).
- 2019: Revenue of $296K, expenses of $444K, and assets of $6.0M (revenue -27.3% year-over-year).
- 2015: Revenue of $408K, expenses of $355K, and assets of $6.1M (revenue -5.6% year-over-year).
- 2014: Revenue of $432K, expenses of $317K, and assets of $6.4M (revenue -0.7% year-over-year).
- 2013: Revenue of $435K, expenses of $304K, and assets of $6.3M (revenue +125.6% year-over-year).
- 2012: Revenue of $193K, expenses of $330K, and assets of $5.7M (revenue -71.6% year-over-year).
- 2011: Revenue of $679K, expenses of $279K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equinox Foundation Inc:
Data Sources and Methodology
This transparency report for Equinox Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.