Equalize Health
- Assets
- $131.8k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, CA
- Founding
- 10/2008
- Data as of
- 12/2023
- EIN
- 26-0642778
Organization Overview
Equalize Health is located in Lafayette, CA. The organization was established in 2008. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equalize Health is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Equalize Health generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EQUALIZE HEALTH IS A NOT-FOR-PROFIT MEDICAL TECHNOLOGY COMPANY WHOSE MISSION IS TO CREATE MEDICAL TECHNOLOGY FOR EVERYONE. EQUALIZE HEALTH'S PRODUCTS ARE SOLD IN 75+ COUNTRIES, AND HAVE TREATED OVER 1 MILLION PATIENTS.ON JANUARY 10, 2023, EQUALIZE HEALTH (THE ASSIGNOR), EXECUTED A GENERAL ASSIGNMENT FOR THE BENEFIT OF CREDITORS (ABC) IN FAVOR OF EH RESTRUCTURING LLC, (THE ASSIGNEE). THIS ACTION WAS TAKEN AND APPROVED WITH THE AUTHORIZATION AND CONSENT OF THE ASSIGNOR'S BOARD OF DIRECTORS, AND IT WAS ACCEPTED BY THE ASSIGNEE AFTER EFFORTS TO RESTRUCTURE, RECAPITALIZE, AND COMBINE WITH A SIMILAR ENTITY WERE UNSUCCESSFUL.UNDER THE CALIFORNIA CODE OF CIVIL PROCEDURE AS PART OF THE WIND-DOWN PROCESS FOR A GENERAL ASSIGNMENT, ALL ASSETS OF THE ASSIGNOR WERE TRANSFERRED TO THE ASSIGNEE, AN ENTITY FORMED FOR THE PURPOSE OF SELLING THE ASSIGNOR'S ASSETS AND DISTRIBUTING THE PROCEEDS TO CREDITORS IN ORDER OF PRIORITY UNDER APPLICABLE CALIFORNIA LAW.ON THE EFFECTIVE DATE OF THE GENERAL ASSIGNMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCPAP: SECURED A GROUNDBREAKING PARTNERSHIP WITH DRAEGER FORMED TO COMMERCIALIZE FLOWLITE, INCREASING ITS CAPACITY TO REACH NEWBORNS WITH RDS IN THE HARDEST TO REACH PLACES GLOBALLY. FLOWLITE USABILITY STUDY IN INDIA, SPANNING 13 LOCATIONS, 6 STATES, 37 HEALTHCARE FACILITIES, AND 108 HEALTHCARE STAKEHOLDERS SURROUNDING USABILITY, USE SETTING, VOICE OF CUSTOMER, SAFETY, AND CURRENT STANDARD OF CARE.
EQUALIZE 2030 MODEL: WE FULLY IMPLEMENTED OUR STRATEGY AND OPERATING MODEL OF "EQUALIZE HEALTH 2030" TO PARTNER WITH LOCAL INNOVATORS TO ACCELERATE GLOBAL HEALTH INNOVATION TO WHERE IT IS NEEDED MOST TO SAVE LIVES. PARTNERSHIPS WERE FORMED FOR THE FIRST 3 TECHNOLOGIES, NAMELY, WITH SOUTHERN AFRICA OB-GYN AND WORLD-RENOWNED POSTPARTUM HEMORRHAGE EXPERT, TO LAUNCH MATERNAWELL TRAY, A SIMPLE INNOVATION THAT WILL ADDRESS THE LEADING CAUSE OF MATERNAL MORTALITY.
TELEMENTORING FOR HEALTHCARE WORKERS IN INDIA AND KENYA WITH THE AIM OF STRENGTHENING THE HEALTHCARE SYSTEMS WHERE OUR PRODUCTS EXIST, EQUALIZE HEALTH PARTNERS WITH LOCAL GOVERNMENT, NGOS AND MEDICAL ASSOCIATIONS TO PROVIDE DIGITAL MEDICAL TRAINING AND PROFESSIONAL SUPPORT TO HEALTHCARE WORKERS IN RESOURCE CONSTRAINED HOSPITALS. BY THE END OF 2022, 2,375 HEALTHCARE WORKERS WERE TRAINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krista Donaldson CEO | Officer | 40 | $260,655 |
Boston Nyer Coo/cfo | Officer | 40 | $163,777 |
Costantine Gillespie Director Of Engineering | 40 | $153,087 | |
Peter Barschall Dr. Firewall Engineer | 40 | $132,122 | |
Daniel R Wald Chief Growth Off | 40 | $134,124 | |
Chris Abel Dir Of It | 40 | $141,182 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $33,388 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,388 |
| Total Program Service Revenue | $816,179 |
| Investment income | $1,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,535 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,218,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $122 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,249 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $731,679 |
| Advertising and promotion | $0 |
| Office expenses | $864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,185 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,340 |
| All other expenses | $6,012 |
| Total functional expenses | $1,148,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,832 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $505,931 |
| Other liabilities | $0 |
| Total liabilities | $505,931 |
| Net assets without donor restrictions | -$374,099 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $131,832 |